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Question: 10.3. What are the standard deductions made from the mortgage advance?

Lender Answer
Accord Buy to Let Funds Transfer Fee. Please check the mortgage offer to see whether any other deductions such as a Higher Lending Charge are to be made. Any such deductions will be shown on the mortgage offer which will also show the net amount to be sent to you.
Accord Mortgages Ltd Funds Transfer Fee - if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If the Funds Transfer Fee applies, this fee and any other deductions to be made such as a higher lending charge, will be deducted from the mortgage advance. In such cases, the mortgage offer will show the net amount to be sent to you.
Adam & Company None
Adam & Company International None
Ahli United Bank (UK) plc See Mortgage Offer
Aldermore Bank PLC Please refer to the Mortgage Offer.
Allied Irish Bank (GB), a trading name of AIB Group (UK) Refer to AIB Group (UK) plc, Central Securities (GB), 92 Anne Street, Belfast, BT1 3H
April Mortgages Please refer to the Mortgage Offer for details of deductions made.
Atom Bank plc CHAPS fee and other fees as per the Mortgage Offer.
Aviva Equity Release UK Ltd Application fee.
Bank of China See Mortgage Offer and current Mortgage Conditions for any there may be.
Bank of Ireland (UK) plc You will be notified of these at the time you receive our instructions.
Bank of Ireland as Bank of Ireland Mortgages You will be notified of these at the time you receive our instructions.
Bank of Scotland Beginning A Retentions or other sums specifically stated in the Mortgage Offer.
Bank of Scotland Beginning O Telegraphic Transfer Fee as detailed in your instruction letter.
Bank of Scotland Private Banking  
Barclays Bank UK PLC See offer documentation
Barnsley Building Soc, a trading name Yorkshire Building Soc Please check the mortgage offer to see whether any deductions such as a Higher Lending Charge are to be made. Any such deductions will be shown on the mortgage offer which will also show the net amount to be sent to you.
Better HomeOwnership (Mortgages) £35 - Telegraphic transfer fee
Any product fees are not transferred as part of the advance.
Birmingham Bank None
Birmingham Midshires Retentions or other sums specifically stated in the Mortgage offer.
Bluestone Mortgages Refer to the Mortgage Offer.
Bradford & Bingley Limited None
Britannia, a trading name of The Co-operative Bank plc Deductions as advised in the mortgage offer of advance
Buckinghamshire Building Society Deductions are advised in the mortgage offer document.
Chelsea Building Society (a trading name of Yorkshire BS) Funds Transfer Fee - if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If the Funds Transfer Fee applies, this fee and any other deductions to be made such as a higher lending charge, will be deducted from the mortgage advance. In such cases the mortgage offer will show the net amount to be sent to you.
CHL Mortgages See the mortgage offer
Clydesdale Bank plc None,except where advised in writing that the CHAPS fee will be deducted.
Co-operative Bank plc Deductions (if any) as referred to in the Mortgage Offer document.
Coutts None
Coutts Finance Co None
Coventry Building Society Please refer to the offer of mortgage.
Cynergy Bank All fees as advised in the offer letter/document.
Danske Bank Please refer to the offer document.
Darlington Building Society None, unless the Offer document specifies otherwise
DB UK Bank Ltd These will be detailed in the Mortgage Offer
Dudley Building Society None
Ecology Building Society None
Family Building Soc (a trading name of National Counties BS) Refer to the Mortgage Offer for deductions.
First Direct Please refer to the Mortgage Offer. Any fee for electronic funds transfer will be charged to the customer separately.
Fleet Mortgages Please see the terms of the mortgage offer
Foundation Home Loans Please refer to the offer for details of any deductions.
Furness Building Society None
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Gen H Please refer to the mortgage offer and terms of conditions.
Godiva Mortgages Ltd Please refer to the offer of mortgage.
Habito See offer documentation
Halifax Retentions or other sums specifically stated in the Mortgage offer.
Halifax Loans Ltd None
Hampden & Co. plc None.
Handelsbanken See Offer documentation.
Harpenden Building Society Refer to mortgage instructions and mortgage offer
Hinckley and Rugby Building Society Variable Telegraphic Transfer fee, currently £25
Other deductions, for example a completion fee, will be noted in section 8 of the Mortgage Offer.
Hodge Where appropriate, the Product fee. Please check the mortgage offer.
Hodge Equity Release Where appropriate, the Product fee. Please check the mortgage offer.
Holmesdale Building Society £25 CHAPS Fee
HSBC UK Bank plc Available Funds where a booking fee is being capitalised:

You should check the Mortgage Illustration section of the Mortgage Offer:
- The Amount and currency of the Loan to be granted: £xxx.xx is shown in the ‘Main features of the loan’ section (section 2 for references starting 400 or section 3 for references starting with B) and the Amount will include any capitalised Booking Fee where applicable.
- Any Booking Fee will be set out in the ‘Interest rate and other costs’ section (section 3 for references starting with 400 or section 4 for references starting with B) and if the Booking Fee is being capitalised, the text will state that the Booking Fee “will be added to the Loan when the Loan completes”.
If the Booking Fee is not being capitalised, it will state: “Booking Fee: £xxx.xx already paid to HSBC UK on application.”

When the Booking Fee is capitalised, to calculate the funds available for completion, the Booking Fee must be deducted from the Amount and currency of the Loan to be granted.

Calculation: Mortgage Amount– capitalised Booking Fee * = Available Funds on completion

*Note: deduct any Booking Fee which is stated in the ‘Interest rates and other costs’ section of the Mortgage Illustration as “£xxx to be added to the Loan when the Loan completes”.

Funds Transfer Fee:

This will be specified in section “interest rate and other costs”.
Any fee for electronic funds transfer will be charged to the customer separately.
Intelligent Finance None
Investec Bank plc We do not charge a CHAPS fee. Any other fees to be deducted from the advance will be set out in the Mortgage Offer.
ITL Mortgages Please refer to the offer of mortgage.
JPMorgan Chase Bank, N.A. Refer to Mortgage offer.
Kensington Mortgage Company Ltd Please refer to the Mortgage Offer for details of deductions made.
Kent Reliance (a trading name of OneSavings Bank plc) CHAPS fee
Unpaid admin fees
unpaid product fee
Keystone Property Finance Please refer to the offer for details of any deductions
Landbay Partners Limited Please refer to the offer for details of deductions.
Landmark Mortgages Limited None
Leeds Building Society For accounts with a case reference beginning with an ‘L’ we will deduct the funds transfer fee from the mortgage advance.

For Limited Company Buy to Let accounts we will deduct the funds transfer fee from the mortgage advance.

For accounts with a Mortgage Application Number we will not make any deductions from the mortgage advance. The borrower is required to pay all fees in advance or add them to the loan. You are obliged to check the status of the fees and how the borrower intends these to be paid. The Society will not release any funds until the fees have been paid if the borrower has indicated that they intend to pay these in advance.
Legal & General Home Finance Ltd Refer to copy Offer of Loan.
LendInvest Please see the terms of the mortgage offer
LiveMore Capital Please refer to the mortgage offer.
Care should be taken with regards to the fees being added or deducted from the loan. The completion amount should reflect the amount being borrowed net of fees where the fee is being deducted.
Lloyds Bank plc pre fixed 20/40 None.
Lloyds Bank plc pre fixed 50/30/77 None
Lloyds TSB Scotland plc None
M&S Bank Please check the Offer document for particulars of any deductions to be made from the mortgage advance
Magellan Homeloans Please refer to the Mortgage Offer
Manchester Building Society Standard funds release fee of £35.00 plus any arrangement fee, higher lending charge or Retention where applicable.
Market Harborough Building Society TT fee - currently £30. Other fees as per Key Facts Illustration on the offer
Masthaven Bank Refer to the Mortgage Offer.
Metro Bank plc CHAPS fee- currently £35. Other fees as per the Mortgage Offer.
ModaMortgages All deductions will be individually itemised in the Offer.
Molo Finance As detailed in the offer.
Monmouthshire Building Society Refer to Offer of Mortgage/Solicitors Instructions.
Mortgage Agency Services deductions/additions will be detailed in the mortgage offer
Mortgage Express None
Mortgage Express No 2  
MPowered Mortgages Please refer to the offer for details of any deductions.
National Counties Building Society Refer to the Mortgage Offer for deductions.
National Westminster Bank plc CHAPS Fee.
Nationwide Building Society None
Nedbank Private Wealth Ltd Our instructions letter will advise and also please contact us when you have a completion date in case of any changes.
New Street Mortgages Please refer to the Mortgage Offer for details of deductions made
NRAM Ltd None
Paragon Buy to Let Mortgages As detailed in the offer.
Paragon Residential Owner-Occupied Mortgages As detailed in the offer.
Paratus AMC Ltd Please refer to the offer for details of any deductions.
Parity Trust Refer to 1.7
Pepper Money The borrower will have the option to pay any fees including, without limitation, a CHAPS fee and completion fee up front or add them to the mortgage. If the fees are to be added to the mortgage, they will be deducted from the mortgage advance. Please refer to the mortgage offer for further details.
Pepper Money (PUK) The borrower will have the option to pay any fees including, without limitation, a CHAPS fee and completion fee up front or add them to the mortgage. If the fees are to be added to the mortgage, they will be deducted from the mortgage advance. Please refer to the mortgage offer for further details.
Perenna Funds transfer fee (FPS (Faster Payment Service)) and other fees as per the Mortgage Offer.
Platform (a trading name of The Co-operative Bank p.l.c.) Refer to Mortgage offer.
Precise Mortgages (Charter Court Financial Services Ltd) All deductions will be individually itemised in the offer.
Principality Building Society Please refer to the Mortgage Offer.
Reliance Bank Ltd None
Rooftop Mortgages Ltd A funds transfer (CHAPs) fee and an arrangement fee. These amounts are shown in the mortgage offer together with any additional deductions.
Saffron Building Society Deductions are advised in the mortgage offer fees section
Sainsbury's Bank CHAPS transfer fee and where appropriate, the Product fee.
Santander UK plc Any deductions for fees will be set out in the mortgage offer
Scottish Building Society None.
Scottish Widows Bank None.
Secure Trust Bank PLC Please refer to the Mortgage Offer.
Skipton Building Society None as standard. Please check your offer conditions to see if retentions or stage payments apply. For any fees not paid up front, our practice is to debit the account and add them to the loan balance but the conveyancer will only receive the net loan.
St James Place Bank None.
State Bank of India UK Refer to the Mortgage Offer.
Swansea Building Society None
The Mortgage Business Retentions or other sums specifically stated in the Mortgage Offer and £30 fee where payment of the advance is not by BACS.
The Mortgage Lender Limited Please see the terms of the mortgage offer.
The Mortgage Works As per the Offer of Advance
The Royal Bank of Scotland plc CHAPS Fee.
The Royal Bank of Scotland plc Direct Line Mortgages Please see Offer documents.
The Royal Bank of Scotland plc Direct Line One Please see offer document.
The Royal Bank of Scotland plc First Active Please see the Offer document.
The Royal Bank of Scotland plc Natwest one Account Please see the Offer document.
The Royal Bank of Scotland plc One Account Please see the Offer document.
The Royal Bank of Scotland plc Virgin One Please see the Offer document.
The Tipton & Coseley Building Society £25.00 telegraphic transfer fee.
Together Personal Finance Limited Net advance will be shown in the instruction letter. The detail of any deductions will be in the Offer document.
Topaz Finance Ltd See Offer of Advance for details.
TSB Bank plc None, but be aware that, where the Mortgage Offer states that a Product Fee is being added to the loan, this means that the fee is being added to the mortgage balance, NOT to the amount which will be released to you.
Ulster Bank CHAPS Fee.
Vida Homeloans Please refer to the Mortgage Offer and Mortgage Offer Summary.
Virgin Money None.
Whistletree (a trading name of TSB Bank plc) None
Yorkshire Bank Home Loans Ltd None, except where advised in writing that the CHAPS fee will be deducted
Yorkshire Building Society Funds Transfer Fee -if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If the Funds Transfer Fee applies, this fee and any other deductions to be made such as a Higher Lending Charge, will be deducted from the mortgage advance. In such cases, the mortgage offer will show the net amount to be sent to you.
Zephyr Homeloans See Offer of Advance for details.