Search UK Finance

You can use the search function to find a range of UK Finance material, from consultation responses to thought leadership to blogs, or to find content on a range of topics from Brexit to commercial finance.

Answers for England and Wales

Back to previous page

Question: 16.3.4. Does the lender need to be sent the transfer of equity?

Lender Answer
Accord Buy to Let You must retain a certified copy of the completed transfer on your file where the transfer includes a covenant by a new borrower or the release of a borrower or guarantor from obligations under the mortgage.
Accord Mortgages Ltd You must retain a certified copy of the completed transfer on your file where the transfer includes a covenant by a new borrower or the release of a borrower or guarantor from obligations under the mortgage.
Adam & Company Yes, after completion.
Adam & Company International Yes, after completion.
Ahli United Bank (UK) plc Yes
Aldermore Bank PLC Only if we need to execute it.
Allied Irish Bank (GB), a trading name of AIB Group (UK) No. May be sent to the Borrower.
April Mortgages Only if we need to execute it.
Atom Bank plc No as we do not need to be a party to it and will always take a new charge.
Aviva Equity Release UK Ltd No.
Bank of China No.
Bank of Ireland (UK) plc Yes, please send to Mortgage Services Department, Bank of Ireland UK, PO Box 3191, One Temple Quay, Bristol, BS1 9HY. Tel No 0345 602 7056; Fax No 0117 943 6555. DX 98850 Bristol 2.
Bank of Ireland as Bank of Ireland Mortgages Mortgage Services Department, Bank of Ireland UK, PO Box 3191, One Temple Quay, Bristol, BS1 9HY. Tel No 0845 6027056; Fax No 0117 943 6555. DX 98850 Bristol 2.
Bank of Scotland Beginning A Only if we need to execute it.
Bank of Scotland Beginning O Yes
Bank of Scotland Private Banking  
Barclays Bank UK PLC No
Barnsley Building Soc, a trading name Yorkshire Building Soc You must retain a copy of the completed transfer on your file where the transfer includes a covenant by a new borrower or the release of a borrower or guarantor from obligations under the mortgage.
Better HomeOwnership (Mortgages) Yes - please contact 0333 4148153 for queries or email the below email address
customer@servicing.bho.co.uk
Birmingham Bank Yes
Birmingham Midshires Only if we need to execute it.
Bluestone Mortgages Yes.
Bradford & Bingley Limited A certified copy to be placed with the title deeds on their return to us.
Britannia, a trading name of The Co-operative Bank plc Only if we need to sign it.
Buckinghamshire Building Society A certified copy of the transfer is required.
Chelsea Building Society (a trading name of Yorkshire BS) You must retain a certified copy of the completed transfer on your file where the transfer includes a covenant by a new borrower or the release of a borrower or guarantor from obligations under the mortgage.
CHL Mortgages Yes
Clydesdale Bank plc No.
Co-operative Bank plc Only if we need to sign it. Please refer to the Transfer of Equity Letter of Instructions to confirm what documents are required to be sent to us post-completion.
Coutts Yes, after completion.
Coutts Finance Co Yes, after completion.
Coventry Building Society Yes, after completion
Cynergy Bank Yes.
Danske Bank Yes, please send to:

Danske Bank
Mortgage Customer Support
Personal Collateral Team, Killeaton House
41 Mosside Road, Dunmurry
Belfast, BT17 9HH
DX 2015 NR BELFAST 2
Darlington Building Society Yes.We require the TR1 to execute prior to registration at the Land Registry. we require an updated TID on completion
DB UK Bank Ltd No
Dudley Building Society Our approval is required for a transfer of equity. Transfers of equity are dealt with by redeeming the original mortgage and a new regulated mortgage taken out.
Ecology Building Society Yes
Family Building Soc (a trading name of National Counties BS) Yes - to Family Service Team, Ebbisham House, 30 Church Street, Epsom, Surrey KT17 4NL
First Direct No, as we do not want to be a party to the transfer. A new charge will be taken at all times
Fleet Mortgages Not applicable.
Foundation Home Loans No.
Furness Building Society Yes
GE Money Home Lending Ltd A draft copy of the TR1 will be required before completion for review. Confirmation of the completed transfer is also required. NB. Any variation to the parties on the mortgage account is subject to a full GEMHL underwriting process.
Gen H No.
Godiva Mortgages Ltd Yes, after completion.
Habito No - to be sent to HM Land Registry.
Halifax Only if we need to execute it.
Halifax Loans Ltd Only if we need to execute it.
Hampden & Co. plc Please retain with the title deeds.
Handelsbanken No, the Bank requires a reconstitution of the security in transfer of equity cases.
Harpenden Building Society Yes, after completion
Hinckley and Rugby Building Society Yes.
Hodge Yes, file the original with HM Land Registry, a certified copy of the transfer of equity should be sent to us as per 1.11a
Hodge Equity Release Yes, file the original with HM Land Registry, a certified copy of the transfer of equity should be sent to us as per 1.11a
Holmesdale Building Society Yes.
HSBC UK Bank plc No, as we do not want to be a party to the transfer. A new charge will be taken at all times
Intelligent Finance Only if we need to execute it
Investec Bank plc Not unless requested by the Bank.
ITL Mortgages Yes
JPMorgan Chase Bank, N.A. Yes.
Kensington Mortgage Company Ltd Yes. Please send to the Customer Services Department, Kensington Mortgage Company Ltd, PO Box 4760, Maidenhead, SL60 1HU following completion.
Kent Reliance (a trading name of OneSavings Bank plc) Yes
Keystone Property Finance Please contact Keystone Property Finance Limited, P O Box 1175 Harmon House 1 George Street Uxbridge, UB8 9BY Tel: 0345 877 8913 to discuss
Landbay Partners Limited We currently do not permit transfers of equity.
Landmark Mortgages Limited We require a certified copy of the transfer.
Leeds Building Society Yes. These must be sent to the Society's Document Services Department (as per 16.1.1).
Legal & General Home Finance Ltd Yes, a certified copy after completion.
LendInvest You must retain a certified copy of the completed transfer on your file where the transfer includes a covenant by a new borrower or the release of a borrower or guarantor from obligations under the mortgage
LiveMore Capital Yes, please send to:
LiveMore Capital
PO Box 1202
Uxbridge
UB8 9FT

Telephone: 0344 249 2918
Lloyds Bank plc pre fixed 20/40 Only if we need to execute it.
Lloyds Bank plc pre fixed 50/30/77 Only if we need to execute it.
Lloyds TSB Scotland plc Only if we need to execute it.
M&S Bank Yes
Magellan Homeloans If we are required to execute it
Manchester Building Society Please place with Title Deeds.
Market Harborough Building Society No - handled by way of new mortgage subsequent to the transfer
Masthaven Bank Yes.
Metro Bank plc Only if we need to execute it.
ModaMortgages Yes, TR1 required for execution under the POA.
Molo Finance You must retain a certified copy of the completed transfer on your file where the transfer includes a covenant by a new borrower of the release of a borrower or guarantor from obligations under the mortgage.
Monmouthshire Building Society N/A
Mortgage Agency Services Only if Lender needs to execute it
Mortgage Express A certified copy to be placed with the title deeds on their return to us.
Mortgage Express No 2  
MPowered Mortgages N/A
National Counties Building Society Yes - to Mortgage Account Service Team, Ebbisham House, 30 Church Street, Epsom, Surrey KT17 4NL
National Westminster Bank plc No.
Offset Flexible Mortgage - Yes, after completion.
Nationwide Building Society No - to be sent to HM Land Registry.
Nedbank Private Wealth Ltd You should refer to us.
New Street Mortgages Yes
NRAM Ltd We require a certified copy of the transfer.
Paragon Buy to Let Mortgages Yes, certified copy to be included with deeds.
Paragon Residential Owner-Occupied Mortgages Yes, certified copy to be included with the deeds.
Paratus AMC Ltd All documentation should be sent to our Customer Services Department, Foundation Home Loans Limited, 5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA or DX 122530 Bracknell (2).
Parity Trust Yes
Pepper Money Yes, please send to Pepper Money, Servicing Department Harman House, 1 George Street, Uxbridge, Middlesex, UB8 1QQ
Pepper Money (PUK) Yes, please send to Pepper Money, Servicing Department Harman House, 1 George Street, Uxbridge, Middlesex, UB8 1QQ
Perenna Only if Perenna are required to execute it. Perenna consent is required before the transfer of equity.
Platform (a trading name of The Co-operative Bank p.l.c.) Yes.
Precise Mortgages (Charter Court Financial Services Ltd) Only if we need to execute it.
Principality Building Society No ?- file with HM Land Registry.
Reliance Bank Ltd Yes copy only
Rooftop Mortgages Ltd Yes.
Saffron Building Society Only if we need to execute it
PLEASE NOTE: we require you to confirm the effective date of the transfer before we can update our records. Failure to do so will mean that we will continue to correspond with the original parties to the mortgage.
Sainsbury's Bank Yes. Please send to Sainsbury’s Bank Underwriting Team, PO Box 108, Gateway House, Gargrave Road, Skipton, BD23 9EX
Santander UK plc Yes, a certified copy of the transfer of equity should be sent to the Mortgage Operations office instructing you.
Scottish Building Society Yes
Scottish Widows Bank No - However we require a fresh Legal Charge to be granted by the new Borrower(s)
Secure Trust Bank PLC Only if we need to execute it.
Skipton Building Society Yes, certified copy.
St James Place Bank Only if we need to execute it.
State Bank of India UK Yes, please include with the Title Deeds.
Swansea Building Society Yes
The Mortgage Business Only if we need to execute it
The Mortgage Lender Limited Yes.
The Mortgage Works Yes - Account Servicing
The Royal Bank of Scotland plc No.
Offset Flexible Mortgage -Yes after completion.
The Royal Bank of Scotland plc Direct Line Mortgages Not applicable. See 16.3.1 above.
The Royal Bank of Scotland plc Direct Line One Not applicable. See 16.3.1 above.
The Royal Bank of Scotland plc First Active No.
The Royal Bank of Scotland plc Natwest one Account Not applicable. See 16.3.1 above.
The Royal Bank of Scotland plc One Account Not applicable. See 16.3.1 above.
The Royal Bank of Scotland plc Virgin One Not applicable. See 16.3.1 above.
The Tipton & Coseley Building Society Yes, in draft for approval and the signed copy after completion.
Together Personal Finance Limited Yes.
Topaz Finance Ltd No. Please keep a completed copy of the Transfer on your file.
TSB Bank plc Only if we need to execute it.
Ulster Bank Yes, after completion.
Vida Homeloans Yes:
Mortgage Services,
Vida Homeloans,
Gateway House,
Gargrave Road,
Skipton,
North Yorkshire,
BD23 2HL
Virgin Money Yes, just a certified copy.
Whistletree (a trading name of TSB Bank plc) We require a certified copy of the transfer.
Yorkshire Bank Home Loans Ltd No.
Yorkshire Building Society You must retain a certified copy of the completed transfer on your file where the transfer includes a covenant by a new borrower or the release of a borrower or guarantor from obligations under the mortgage.
Zephyr Homeloans No. Please keep a completed copy of the Transfer on your file.