Answers for England and Wales

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Question: 16.3.1. Does the lender have a standard form of transfer/deed of covenant?

Lender Answer
Accord Buy to Let As to a standard form of transfer - no.
As to a standard deed of covenant - yes, for use where there is a change in the parties to the mortgage.

We will not be a party to any transfer deed, but where appropriate, will issue a separate form of release on request.
Accord Mortgages Ltd We will not be a party to any transfer deed, but where appropriate, will issue a separate form of release on request.
As to a standard form of transfer - no.
As to a standard deed of covenant - yes, for use where there is a change in the parties to the mortgage.
Adam & Company No, to be drafted by you and sent to us for approval.

Adam & Company International No, to be drafted by you and sent to us for approval.

Ahli United Bank (UK) plc No
Aldermore Bank PLC No.
Allied Irish Bank (GB), a trading name of AIB Group (UK) No
April Mortgages No. We will require you to draft an appropriate form of transfer/deed of covenant. You must ensure that our interest is sufficiently protected.
Atom Bank plc No. You must ensure that the Bank’s interest is sufficiently protected in the transfer, including the retention of any relevant entries on the title.
Aviva Equity Release UK Ltd No.
Bank of China No to be drafted by you and sent to us for approval.
Bank of Ireland (UK) plc No.
Bank of Ireland as Bank of Ireland Mortgages No.
Bank of Scotland Beginning A Transfer of equity - NO
Deed of Covenant - YES (our form L1) request from Customer Service Centre PO Box 1HA, Newcastle Upon Tyne, NE99 1HA tel no. 0345 8500842 option 1.
Bank of Scotland Beginning O No
Bank of Scotland Private Banking  
Barclays Bank UK PLC No. You must ensure that the Bank's interest is sufficiently protected in the transfer, including the retention of any relevant entries on the title
Barnsley Building Soc, a trading name Yorkshire Building Soc We will not be a party to any transfer deed, but where appropriate will issue a separate form of release on request. As to a standard form of transfer - no. As to a standard deed of covenant - yes, for use where there is a change in the parties to the mortgage.
Birmingham Bank No
Birmingham Midshires Yes, copies are provided with our mortgage instructions. You may however engross your own if appropriate provided that it safeguards our interests.
Bluestone Mortgages No.
Bradford & Bingley Limited No. Covenant by new borrower(s) to be inserted in Form TR1 or AS1 as set out in paragraph 16.3.4.
Britannia, a trading name of The Co-operative Bank plc No
Buckinghamshire Building Society No
Chelsea Building Society (a trading name of Yorkshire BS) We will not be a party to any transfer deed, but where appropriate, will issue a separate form of release on request.
As to a standard form of transfer - no.
As to a standard deed of covenant - yes, for use where there is a change in the parties to the mortgage.
CHL Mortgages No
Clydesdale Bank plc No.
Co-operative Bank plc No.
Coutts No, to be drafted by you and sent to us for approval.
Coutts Finance Co No, to be drafted by you and sent to us for approval.
Coventry Building Society No
Cynergy Bank No.
Danske Bank No. You must ensure that the Bank's interest is sufficiently protected in the transfer, including the retention of any relevant entries on the title.
Darlington Building Society No.
DB UK Bank Ltd No
Dudley Building Society No
Ecology Building Society No
Family Building Soc (a trading name of National Counties BS) No.
First Direct Instruction: Where you are instructed to act on behalf of the Bank on a transfer of equity, you will be notified by email of the instruction by us. The instruction will include a copy of the mortgage offer addressed to the borrower, you will not normally receive a mortgage offer addressed to you.

Standard Documents: to download the legal document templates and our Mortgage Lending Instructions & Guidance Notes for England & Wales, Scotland and Northern Ireland (which contains additional information on our requirements) visit Legal instructions for moving home as www.firstdirect.com/legal-instructions.

Requirements: If you are unsure as to the changes required, please contact us per 1.11a

You are required to ensure a new mortgage deed is signed for the transfer of equity and to register a new first charge by way of legal mortgage over the property on behalf of HSBC UK Bank plc trading as first direct.

The bank will not agree to a transfer of equity subject to our existing charge and as such, will not be a signatory to the transfer deed. You must not send us a copy of the transfer deed, which should be signed by the transferors and transferees only.
Fleet Mortgages No. The terms of our mortgage advances do not allow for transfers of equity.
Foundation Home Loans No. We require you to draft an appropriate form of transfer/deed of covenant as may be necessary. You must ensure that our interest is sufficiently protected.
Furness Building Society No
GE Money Home Lending Ltd No
Gen H No.
Godiva Mortgages Ltd No.
Habito No. You must ensure that our interest is sufficiently protected in the transfer, including the retention of any relevant entries on the title
Halifax Transfer of equity - no. Deed of covenant - yes (our form L1), request from Customer Service Centre.
Halifax Loans Ltd Transfer of equity - no
Deed of covenant - yes(our formL1), request from Halifax Loans Limited, Trinity Road, Halifax, HX1 2RG
Hampden & Co. plc No. To be drafted by you and sent to us for approval.
Handelsbanken No.
Harpenden Building Society No
Hinckley and Rugby Building Society No.
Hodge No, to be drafted by you and sent to us for approval
Hodge Equity Release No, to be drafted by you and sent to us for approval
Holmesdale Building Society No.
HSBC UK Bank plc Instruction: Where you are instructed to act on behalf of the Bank on a transfer of equity, you will be notified by email of the instruction by Legal Marketing Services Limited (LMS) and must access the instruction only through the LMS Conveyancer Zone website.

The instruction will be a copy of the mortgage offer addressed to the borrower, you will not normally receive a mortgage offer or copy letter addressed to you and should treat the borrower (s) copy of the mortgage offer as the formal instruction to act on behalf of HSBC UK Bank plc.

Standard Documents: You must use LMS Conveyancer Zone website to access all legal documents required.

Requirements: As the Bank will not send you a separate letter of instruction, if you are unsure as to the changes required, please contact us per 1.11a

You are required to ensure a new mortgage deed is signed for the transfer of equity and to register a new first charge by way of legal mortgage over the property on behalf of HSBC UK Bank plc.

The bank will not agree to a transfer of equity subject to our existing charge and as such, will not be a signatory to the transfer deed. You must not send us a copy of the transfer deed, which should be signed by the transferors and transferees only.
Intelligent Finance Transfer of equity - No.
Deed of covenant - Yes, L1(EW)(IF), request from Securities, Intelligent Finance, PO Box 890, Leeds, LS1 9UG
Investec Bank plc No, you must ensure that the Bank's interest is sufficiently protected in the transfer, including the retention of relevant entries on the title.
ITL Mortgages No
JPMorgan Chase Bank, N.A. No.
Kensington Mortgage Company Ltd No.
Kent Reliance (a trading name of OneSavings Bank plc) No
Keystone Property Finance No
Landbay Partners Limited We currently do not permit transfers of equity.
Landmark Mortgages Limited No, but we can provide a set of guidance notes. Our prior consent is required.
Leeds Building Society No.
Legal & General Home Finance Ltd No.
LendInvest No. To be drafted and sent to us for approval in each case.
LiveMore Capital No
Lloyds Bank plc pre fixed 20/40 Transfer of equity ? no. Deed of covenant ? yes (our form L1), request from Customer Service Centre.
Lloyds Bank plc pre fixed 50/30/77 Not applicable.
Lloyds TSB Scotland plc Not applicable.
M&S Bank no
Magellan Homeloans No
Manchester Building Society No.
Market Harborough Building Society No
Masthaven Bank No.
Metro Bank plc No.
ModaMortgages No.
Molo Finance No.
Monmouthshire Building Society Transfer of Equity - N/A Transfers of Equity are dealt with by redeeming original mortgage and a new regulated mortgage taken out.
Deed of Covenant - Yes
Mortgage Agency Services Yes
Mortgage Express No. Covenant by new Borrower(s) to be inserted in Form TR1 or AS1 as set out in paragraph 16.3.4.
Mortgage Express No 2 No. A Covenant by new Borrower(s) to be inserted in Form TR1 or AS1 as set out in paragraph 16.3.4
MPowered Mortgages No
National Counties Building Society No.
National Westminster Bank plc No. We require a reconstitution of the security in Transfer of Equity cases.
Nationwide Building Society No
Nedbank Private Wealth Ltd We do no have any standard forms of transfer of equity or deeds of covenant.
New Street Mortgages No, to be drafted by you and sent to us for approval
NRAM Ltd No, but we can provide a set of guidance notes. Our prior consent is required.
Paragon Buy to Let Mortgages No
Paragon Residential Owner-Occupied Mortgages No.
Paratus AMC Ltd No. We require you to draft an appropriate form of transfer/deed of covenant as may be necessary. You must ensure that our interest is sufficiently protected.
Parity Trust No
Pepper Money No
Pepper Money (PUK) No
Perenna No, a standard TR1 document will be acceptable. Perenna’s consent will be required before the transfer can take place.
Platform (a trading name of The Co-operative Bank p.l.c.) No.
Precise Mortgages (Charter Court Financial Services Ltd) No.
Principality Building Society No
Reliance Bank Ltd None
Rooftop Mortgages Ltd No.
Saffron Building Society No
Sainsbury's Bank We do not have a specific form of transfer. However, a covenant by any new borrower(s) sufficient to protect the bank’s interest should be inserted as per 16.3.4. Our prior consent is also required.
Santander UK plc No, but we have required wording - refer to the Mortgage Operations office instructing you.
Scottish Building Society No
Scottish Widows Bank No - However we require a fresh Legal Charge to be granted by the new Borrower(s)
Secure Trust Bank PLC No.
Skipton Building Society No.
St James Place Bank Transfer of equirt - No
Deed of covenant - Yes, L1(EW)(SJPB), request from Mortgage Administration, St James'Place Bank, Administration Centre, PO Box 1869, Livingston EH54 7XS
State Bank of India UK No.
Swansea Building Society No
The Mortgage Business No
The Mortgage Lender Limited No, to be drafted by you and sent to us for approval.
The Mortgage Works No
The Royal Bank of Scotland plc No. We require a reconstitution of the security in Transfer of Equity cases.
The Royal Bank of Scotland plc Direct Line Mortgages No. We require a reconstitution of the security in Transfer of Equity cases
The Royal Bank of Scotland plc Direct Line One No. We require a reconstitution of the security in Transfer of Equity cases
The Royal Bank of Scotland plc First Active For mortgage accounts that begin with the number 6 - No. We require a reconstitution of the security in Transfer of Equity cases.

For mortgage accounts that begin with VIR or number 1 - No. We require a reconstitution of the security in Transfer of Equity cases.
The Royal Bank of Scotland plc Natwest one Account No. We require a reconstitution of the security in Transfer of Equity cases.
The Royal Bank of Scotland plc One Account No. We require a reconstitution of the security in Transfer of Equity cases.
The Royal Bank of Scotland plc Virgin One No. We require a reconstitution of the security in Transfer of Equity cases.
The Tipton & Coseley Building Society No, please submit draft for approval.
Together Personal Finance Limited No.
Topaz Finance Ltd No.
TSB Bank plc Not applicable.
Ulster Bank No, but we do have standard wording for the relevant section of Land Registry Form TR1.
Vida Homeloans No
Virgin Money No, but we'll provide you with our instructions. Our consent to the transfer will be required.
Whistletree (a trading name of TSB Bank plc) No, but we can provide a set of guidance notes. Our prior consent is required.
Yorkshire Bank Home Loans Ltd No.
Yorkshire Building Society We will not be a party to any transfer deed, but where appropriate, will issue a separate form of release on request.
As to a standard form of transfer - no.
As to a standard deed of covenant - yes, for use where there is a change in the parties to the mortgage.
Zephyr Homeloans No.