Answers for England and Wales

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Question: 10.11. What, if any interest does the lender charge if return of the advance is delayed?

Lender Answer
Accord Buy to Let Interest will be charged at the rate payable by the borrower under the terms of the mortgage.
Accord Mortgages Ltd Interest will be charged at the rate payable by the borrower under the terms of the mortgage.
Adam & Company Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are re-credited to the Bank's account.

Adam & Company International Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are re-credited to the Bank's account.

Ahli United Bank (UK) plc Contractual Rate in Mortgage Offer Letter from the date on which funds are sent
Aldermore Bank PLC The rate detailed in 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 Interest at the rate appearing in the Offer will be charged from the date of the advance to the date the funds are re-credited to our bank account.
Atom Bank plc Interest will be charged from the date of completion . The interest rate will be that on the mortgage offer.
Aviva Equity Release UK Ltd Interest is charged from the day the money is released.
Bank of China Full interest of the Loan, daily rate of interest charged at the rate of interest specified in the Mortgage Offer.
Bank of Ireland (UK) plc We reserve the right to charge you interest at the rate applicable to the mortgage.
Bank of Ireland as Bank of Ireland Mortgages We reserve the right to charge you interest at the rate applicable to the mortgage.
Bank of Scotland Beginning A We will charge you interest, at the rate applicable to the mortgage as shown in the mortgage offer, calculated daily, from the original completion date (first working day) until we receive the funds back or the revised completion date whichever is the sooner.
Bank of Scotland Beginning O Interest rate as detailed in the Mortgage offer
Bank of Scotland Private Banking  
Barclays Bank UK PLC Interest is charged at the rate specified in the mortgage offer
Barnsley Building Soc, a trading name Yorkshire Building Soc Interest will be charged at the rate payable by the borrower under the terms of the mortgage.
Birmingham Bank If you fail to return the funds in line with our instructions we will charge you interest for the whole period you have the funds at the rate applicable to the mortgage agreement
Birmingham Midshires The contractual rate in the mortgage offer from the date on which the funds were sent to you.
Bluestone Mortgages Interest will be charged at the rate payable by the borrower under the terms of the mortgage.
Bradford & Bingley Limited We reserve the right to charge Interest at 4% above Bank of England's base rate.
Britannia, a trading name of The Co-operative Bank plc We charge interest at the Bank of England base rate
Buckinghamshire Building Society Interest is charged daily at the same rate as that given in the mortgage offer.
Chelsea Building Society (a trading name of Yorkshire BS) Interest will be charged at the rate payable by the borrower under the terms of the mortgage.
CHL Mortgages We reserve the right to charge you daily interest at the rate specified in the mortgage offer
Clydesdale Bank plc Interest is charged at the rate specified in the mortgage offer.
Co-operative Bank plc Interest is charged at the rate specified in the Mortgage Offer.
Coutts Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are re-credited to the Bank's account.
Coutts Finance Co Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are re-credited to the Lender's account.
Coventry Building Society If we are not in receipt of returned funds within 48 hours of release, interest, equivalent to the daily rate applicable to the relevant mortgage scheme, will be charged.
Cynergy Bank The interest rate applicable to the mortgage.
Danske Bank We reserve the right to charge interest at the rate applicable to the mortgage (as set out in the Mortgage Offer) from the date that the funds were sent to you until we receive the funds back or until the revised completion date.
Darlington Building Society We reserve the right to charge you interest at the rate applicable to the mortgage.
DB UK Bank Ltd Interest will be charged at the contractual interest rate applicable to the relevant mortgage product or scheme
Dudley Building Society We charge interest from the same day of the advance. In the event that completion is delayed for more than 5 days or does not proceed, the advance monies must be returned to us immediately.
Ecology Building Society We reserve the right to charge interest at the rate applicable to the Mortgage
Family Building Soc (a trading name of National Counties BS) We reserve the right to charge interest at the rate applicable to the mortgage.
First Direct Interest will be charged from the date of receipt by you until the date of payment or return of the advance to us. The interest rate will be that on the mortgage offer
Fleet Mortgages Interest at the mortgage rate from the date the funds are released to you.
Foundation Home Loans Interest at the rate appearing in the Offer will be charged from the date of the advance to the date the funds are re-credited to our bank account.
Furness Building Society The rate applicable to the mortgage loan.
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Gen H Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are recredited to our bank account.
Godiva Mortgages Ltd If we are not in receipt of returned funds within 48 hours of release, interest, equivalent to the daily rate applicable to the relevant mortgage scheme, will be charged.
Habito None if returned within 48 hours of completion.
Halifax The contractual rate in the mortgage offer from the date on which the funds were sent to you.
Halifax Loans Ltd We reserve the right to charge you interest at the rate applicable to the mortgage.
Hampden & Co. plc Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the advance from the day funds are released to the conveyance until the day the funds are re-credited to the Bank's account.
Handelsbanken The mortgage rate agreed with the borrower.
Harpenden Building Society Current mortgage interest rate for number of days in solicitors possession
Hinckley and Rugby Building Society Interest is charged from the date of the advance, until the advance is returned.
Hodge Interest will be charged at the interest rate applicable to the mortgage advance from the day the funds are released until the day the funds are re-credited to Hodge’s Bank account.
Hodge Equity Release Interest will be charged at the interest rate applicable to the mortgage advance from the day the funds are released until the day the funds are re-credited to Hodge’s Bank account.
Holmesdale Building Society Mortgage interest rate for the number of days funds not available to the society.
HSBC UK Bank plc Interest will be charged from the date of receipt by you until the date of payment or return of the advance to us. The interest rate will be that on the mortgage offer
Intelligent Finance We reserve the right to charge you interest at the rate applicable to the mortgage.
Investec Bank plc Interest will be charged at the applicable interest rate set out in the Mortgage Offer from the day funds were released until the date funds are re-credited to the Bank's account.
ITL Mortgages If we are not in receipt of returned funds within 48 hours of release, interest equivalent to the daily rate applicable to the relevant mortgage scheme will be charged.
JPMorgan Chase Bank, N.A. The rate quoted in the Mortgage offer.
Kensington Mortgage Company Ltd Interest at the rate appearing in the Offer will be charged to the Borrower from the date of the transfer of funds from Kensington. If completion does not occur immediately, you must place the money in an interest bearing account and account to Kensington for the interest. If completion does not occur within 5 working days, the money plus the accrued interest must be returned to Kensington.
Kent Reliance (a trading name of OneSavings Bank plc) Interest will be charged from the date of release of the mortgage advance. No interest will be charged if the funds are returned within 5 working days, otherwise interest and all other charges will be payable in accordance with the terms of the mortgage.
Keystone Property Finance We reserve the right to charge you interest at the rate applicable to the mortgage in the event that the advance is not returned to us in a timely manner
Landbay Partners Limited See the mortgage offer.

Interest is charged from the date that monies are advanced to solicitors. We will charge interest at the rate stipulated within the Mortgage Offer in the event that the advance is not returned to us in a timely manner.
Landmark Mortgages Limited In the event of a delayed completion, interest will be charged on all amounts debited to your Client's account until the loan funds released to you are returned and cleared in the Account. Interest will be charged at the rate of interest applicable to the mortgage on all amounts debited to the Account.
Leeds Building Society Interest will be charged at the contractual rate of interest as set out in the Mortgage document from the date that the funds were sent to you until we receive the funds back or until the revised completion date.

For Limited Company Buy to Let loans interest will be charged at the contractual rate of interest as set out in the Mortgage document from the date set out in the applicable terms and conditions.
Legal & General Home Finance Ltd If unable to return funds on scheduled completion date interest will be charged at the rate of our funding costs.
LendInvest Interest at the mortgage rate from the date the funds are released to you.
LiveMore Capital 2.0% per annum above Bank of England base rate
Lloyds Bank plc pre fixed 20/40 The contractual rate in the mortgage offer from the date on which the funds were sent to you.
Lloyds Bank plc pre fixed 50/30/77 The contractual rate in the Mortgage Loan Agreement from the date on which funds were sent to you.
Lloyds TSB Scotland plc The contractual rate in the Loan Agreement from the date on which funds were sent to you.
M&S Bank Interest will be charged from the date of receipt by you until the date of payment or return of the advance to us. The interest rate will be that on the mortgage offer
Magellan Homeloans At the rate detailed in the mortgage offer from the date the advance is released
Manchester Building Society Interest is charged on a daily basis at the rate specified in the Offer of Advance.
Market Harborough Building Society None within 3 working days, customer mortgage rate from day 1 if longer than 3 working days
Masthaven Bank Interest will be charged at the rate payable by the borrower under the terms of the mortgage.
Metro Bank plc Interest will be charged from the date of receipt by you until the date of payment or return of the advance to us. The interest rate will be as quoted on the mortgage offer.
ModaMortgages We will not charge interest so long as the funds are returned within the timeframe specified in 10.7 and 10.10. If funds are retained longer than this we have the right to charge interest for the whole period you have the funds (from the date we send the funds) at the rate applicable to the mortgage.
Molo Finance At the mortgage rate for the advance from date of advance.
Monmouthshire Building Society Daily interest at rate in the mortgage offer from date of issue.
Mortgage Agency Services We reserve the right to charge interest at the rate applicable to the mortgage
Mortgage Express We reserve the right to charge Interest at 4% above the Bank of England's base rate.
Mortgage Express No 2  
MPowered Mortgages We reserve the right to charge you interest and any administration fees at the rate applicable to the mortgage in the event that the advance is not returned to us in a timely manner.
National Counties Building Society We reserve the right to charge interest at the rate applicable to the mortgage.
National Westminster Bank plc Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are recredited to the Bank's account.
Nationwide Building Society We charge our borrower(s) interest from the same day that the advance is released
Nedbank Private Wealth Ltd Please refer to us.
New Street Mortgages Interest at the rate appearing in the Offer will be charged to the Borrower from the date of the transfer of funds. If completion does not occur immediately, you must place the money in an interest bearing account and account to New Street for the interest. If completion does not occur within 3 working days, the money plus the accrued interest must be returned to New Street.
NRAM Ltd In the event of a delayed completion, interest will be charged on all amounts debited to your Client's account until the loan funds released to you are returned and clearing in the Account. Interest will be charged at the rate of interest applicable to the mortgage on all amounts debited to the Account.
Paragon Buy to Let Mortgages At the mortgage rate for the advance from date of advance.
Paragon Residential Owner-Occupied Mortgages At the mortgage rate for the advance from date of advance by us.
Paratus AMC Ltd Interest at the rate appearing in the Offer will be charged from the date of the advance to the date the funds are re-credited to our bank account.

Parity Trust We reserve the right to charge interest at the rate applicable to the Mortgage
Pepper Money We reserve the right to charge you interest at the rate applicable to the mortgage.
Pepper Money (PUK) We reserve the right to charge you interest at the rate applicable to the mortgage.
Perenna Interest is charged from the date of the initial funds release.
Platform (a trading name of The Co-operative Bank p.l.c.) The rate quoted in the Mortgate Offer.
Precise Mortgages (Charter Court Financial Services Ltd) We have the right to charge interest for the whole period you have the funds (from the date we send the funds) at a rate applicable to the mortgage.
Principality Building Society Borrowers are charged interest from the same day the advance is released. Interest is charged at the rate applicable to the account.
Reliance Bank Ltd Daily rate on the interest charged on the advance in question
Rooftop Mortgages Ltd Daily interest from release of advance.
Saffron Building Society Interest is charged daily at the rate given in the mortgage offer from the date that funds are released.
Sainsbury's Bank Interest will be charged at the interest rate applicable to the mortgage advance from the day the funds are released until the day the funds are re-credited to the Sainsbury's Bank account.
Santander UK plc Refer to our Certificate of Title for all administrative arrangements.
Scottish Building Society The Society reserves the right to make a charge in respect of any interest lost to the Society.
Scottish Widows Bank Interest rate as detailed in the Mortgage Offer.
Secure Trust Bank PLC The rate detailed in the Mortgage Offer.
Skipton Building Society Interest will be charged at the interest rate(s) applicable to the loan for each day’s delay in returning the funds.
St James Place Bank We reserve the right to charge you interest at the rate applicable to the mortgage.
State Bank of India UK Interest at the mortgage rate for the advance from the date of the advance.
Swansea Building Society None
The Mortgage Business We will charge you interest, at the rate applicable to the mortgage as shown in the mortgage offer, calculated daily, from the original completion date (first working day) until we receive the funds back or the revised completion date whichever is the sooner.
The Mortgage Lender Limited Interest at the mortgage rate from the date the funds are released to you.
The Mortgage Works Interest at the contract rate
The Royal Bank of Scotland plc Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are recredited to the Bank's account.
The Royal Bank of Scotland plc Direct Line Mortgages Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyencer until the day the funds are recredited to the Bank's account.
The Royal Bank of Scotland plc Direct Line One Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are recedited to the Bank's account.
The Royal Bank of Scotland plc First Active Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are recredited to the Bank's account.
The Royal Bank of Scotland plc Natwest one Account Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are recredited to the Bank's account.
The Royal Bank of Scotland plc One Account Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are recredited to the Bank's account.
The Royal Bank of Scotland plc Virgin One By CHAPS quoting Sort Code 16 60 51 and Account Number 98000239 to arrive at Virgin One, Norwich not later than the working day following the scheduled completion date.
The Tipton & Coseley Building Society Refer individual case to Administration Department.
Together Personal Finance Limited None usually payable however the Lender reserves the right to charge interest after three working days from the advance date.
Topaz Finance Ltd Interest is charged at the rate specified on the offer of Advance.
TSB Bank plc The contractual rate in the Loan Agreement from the date on which funds were sent to you.
Ulster Bank Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are recredited to the Bank's account.
Vida Homeloans Any rate detailed in the Mortgage Offer and the Mortgage Offer Summary.
Virgin Money Interest is charged from the day we send funds to you until we've received them back and they've cleared. Interest is charged at the rate applicable to the loan.
Whistletree (a trading name of TSB Bank plc) In the event of a delayed completion, interest will be charged on all amounts debited to your Client's account until the loan funds released to you are returned and cleared in the Account. Interest will be charged at the rate of interest applicable to the mortgage on all amounts debited to the Account.
Yorkshire Bank Home Loans Ltd Interest is charged at the rate specified in the mortgage offer.
Yorkshire Building Society Interest will be charged at the rate payable by the borrower under the terms of the mortgage.
Zephyr Homeloans Interest is charged at the rate specified on the offer of Advance.