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Question: 5.20.1. Does the lender require me to report to them where the lease does not meet the UK Finance minimum requirements for leases of roof space for solar PV panels?
| Lender | Answer |
|---|---|
| Accord Buy to Let | Yes. As 1.11a. For details of additional requirements, see paragraph 5.20.3 below. |
| Accord Mortgages Ltd | Yes -see 1.11a for contact details |
| Adam & Company | |
| Adam & Company International | |
| Ahli United Bank (UK) plc | Yes |
| Aldermore Bank PLC | Yes. As 1.11. |
| Allied Irish Bank (GB), a trading name of AIB Group (UK) | Yes – Refer to AIB Group (UK) plc, Central Securities (GB), 92 Anne Street, Belfast, BT1 3H |
| April Mortgages | Yes, refer to team 1.11A. Likely to require Deed of Variation to ensure UKF requirements are met prior to completion. |
| Atom Bank plc |
Atom will not lend on a property where solar panels are subject to a lease arrangement against the roof and roof air space. Atom will consider properties with solar panels where the applicant(s) is funding the purchase of panels themselves or via additional borrowing, providing they are doing so with no creation of any long-term lease arrangement with the panel provider. A condition will be attached to the offer of advance that lending is subject to the appropriate planning permission and consents being in place. You must report the ownership/lease arrangements and any borrowing used to fund the purchase of any such panels at the earliest opportunity. |
| Aviva Equity Release UK Ltd | Yes (see 1.11a for contact details). |
| Bank of China | Yes. Please also ensure that we have an unconditional right to break the lease in the event of possession. Please arrange for a deed of variation to be entered into on or before completion to ensure the UK Finance minimum requirements are met. If this is not possible, advise both the issuing office and applicants that the UK Finance minimum requirements cannot be met, and the case cannot proceed. |
| Bank of Ireland (UK) plc | Yes. |
| Bank of Ireland as Bank of Ireland Mortgages | Yes. |
| Bank of Scotland Beginning A |
Yes (see 1.11a for contact details). |
| Bank of Scotland Beginning O |
Yes (see 1.11a for contact details). |
| Bank of Scotland Private Banking | |
| Barclays Bank UK PLC | Yes |
| Barnsley Building Soc, a trading name Yorkshire Building Soc | Yes - see 1.11a for details |
| Birmingham Bank | We do not accept properties with leased solar panels |
| Birmingham Midshires | Yes (see 1.11a for contact details). |
| Bluestone Mortgages |
Yes. We will only accept properties where solar panels have been installed and are subject to a lease agreement that is in line with UK Finance Requirements and also has a break clause for mortgagee in possession within the contract. |
| Bradford & Bingley Limited | |
| Britannia, a trading name of The Co-operative Bank plc | Yes. Please also ensure that we have an unconditional right to break the lease in the event of possession. |
| Buckinghamshire Building Society | Yes. We will as a minimum require the right to break the lease should the society repossess the property. |
| Chelsea Building Society (a trading name of Yorkshire BS) | Yes -see 1.11a for contact details. |
| CHL Mortgages | Yes. Please also ensure that we have an unconditional right to break the lease in the event of possession. Should the lease not meet the UK Finance minimum requirements please arrange for a deed of variation to be entered into on or before completion to ensure the UK Finance minimum requirements are met. If this is not possible, advise both CHL and the applicants that the UK Finance minimum requirements cannot be met and the case cannot proceed. |
| Clydesdale Bank plc | Yes (see 1.11a for contact details). |
| Co-operative Bank plc | Yes. Please also ensure that we have an unconditional right to break the lease in the event of possession. |
| Coutts | |
| Coutts Finance Co | |
| Coventry Building Society | Yes. As 1.11a. For details of additional requirements see paragraph 5.20.3 below. |
| Cynergy Bank | Yes. |
| Danske Bank |
We do not accept properties where solar panels have been installed and are subject to a lease agreement. However, please notify us at the contact point at 1.11 if the solar panels have been installed at the property and the panels are owned outright by the seller or the borrower. |
| Darlington Building Society | Yes |
| DB UK Bank Ltd | Yes |
| Dudley Building Society | Yes, refer to us |
| Ecology Building Society | Yes |
| Family Building Soc (a trading name of National Counties BS) | Yes. We require a copy of the lease together with specific details as to how the lease does not meet the UK Finance minimum requirements. See 1.11a for contact details. |
| First Direct |
The registered lease of roof space must meet the UKF minimum standards. If the lease does not meet the UKF minimum standards and you are unable to agree a variation to ensure the lease meets the UKF minimum requirements, the case cannot proceed and you should advise the applicants and us. We do not require a copy of the lease. |
| Fleet Mortgages |
See 1.11a. All properties subject to a lease of roof space for solar panels must be reported to us. |
| Foundation Home Loans | Yes. See 1.11.a |
| Furness Building Society |
Yes, to Securities Department, Furness Building Society 51-55 Duke Street Barrow in Furness Cumbria LA14 1RT |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Generation Home | You must report this to us as detailed above in 1.11a where there is a lease of roof space for solar PV panels. |
| Godiva Mortgages Ltd | Yes. As 1.11a. For details of additional requirements see paragraph 5.20.3 below. |
| Habito | Yes |
| Halifax | Yes (see 1.11a for contact details). |
| Halifax Loans Ltd |
Yes (see 1.11a for contact details). |
| Hampden & Co. plc | Yes. |
| Handelsbanken | Yes. |
| Harpenden Building Society | Yes |
| Hinckley and Rugby Building Society | Yes. Principal Office, Completions Team. |
| Hodge | The case cannot proceed if the terms of the lease don’t meet the CML minimum requirements |
| Hodge Equity Release | The case cannot proceed if the terms of the lease don’t meet the CML minimum requirements |
| Holmesdale Building Society | Yes |
| HSBC UK Bank plc |
The registered lease of roof space must meet the UKF minimum standards. If the lease does not meet the UKF minimum standards and you are unable to agree a variation to ensure the lease meets the UKF minimum requirements, the case cannot proceed and you should advise the applicants and us. We do not require a copy of the lease. |
| Intelligent Finance |
Yes (see 1.11a for contact details). |
| Investec Bank plc | Yes. Contact details in 1.11. |
| ITL Mortgages | Yes. As 1.11a. For details of additional requirements, see paragraph 5.20.3 below. |
| JPMorgan Chase Bank, N.A. | |
| Kensington Mortgage Company Ltd | Kensington requires you to report all leases of roof space and/or air space above for solar PV panels, and before you can proceed you must obtain Kensington's consent to the lease. The lease must meet Kensington's own minimum requirements and we will require the solar panel company to enter into a deed of agreement with Kensington. Kensington's minimum requirements and deed of agreement are available on request. Please ensure that you report the solar panel lease to us and seek to obtain Kensington's consent to the lease at the earliest opportunity and, in any event, prior to exchange of contracts. Please do not proceed until we have confirmed that you may do so. |
| Kent Reliance (a trading name of OneSavings Bank plc) | Yes, together with your advice on how the Bank should proceed although you should take no further steps until we revert to you. |
| Keystone Property Finance | We do not lend on properties that are subject to a lease of roof space for solar panels |
| Landbay Partners Limited | N/A. We do not lend on properties that are subject to PV (solar panel) leasing. |
| Landmark Mortgages Limited | Yes. |
| Leeds Building Society |
Yes. Please refer to Mortgage Lending Department (please see 1.11a). We also require confirmation that the solar panel installation and associated lease comply with the requirements as set out in our Solar Panel Pack for Legal Advisors, available at; http://www.leedsbuildingsociety.co.uk/intermediaries/forms/solicitors/. |
| Legal & General Home Finance Ltd | Yes. |
| LendInvest | See 1.11a. All properties subject to a lease of roof space for solar panels must be reported to us. |
| LiveMore Capital |
We will lend on a security with an Airspace Lease providing it meets the minimum requirements set out in section 5.20.1 of this Handbook or where the panels are owned as freehold. Other arrangements are not acceptable. |
| Lloyds Bank plc pre fixed 20/40 |
Yes (see 1.11a for contact details). |
| Lloyds Bank plc pre fixed 50/30/77 | Yes (see 1.11a for contact details). |
| Lloyds TSB Scotland plc |
Yes (see 1.11a for contact details) |
| M&S Bank | Yes to M&S Bank, PO Box 12, Skipton, BD23 2HL. Telephone Number 0345 002 1128 Fax 0345 111 0322 |
| Magellan Homeloans | Yes. Please also ensure that we have an unconditional right to break the lease in the event of possession |
| Market Harborough Building Society | Yes |
| Masthaven Bank | Yes. |
| Metro Bank plc | We do not accept solar panels that are subject to a lease. |
| ModaMortgages |
Yes, together with your advice on how we should proceed, although you should take no further steps until we have discussed this with you. |
| Molo Finance |
We do not lend on properties that are subject to a lease of roof space for solar panels. You must report the ownership/ lease arrangements for any such panels at the earliest opportunity as the offer will be withdrawn unless the ownership arrangements are acceptable to us and the solar panels are owned outright by the borrower. |
| Monmouthshire Building Society | Yes |
| Mortgage Agency Services | Yes. Please also ensure that we have an unconditional right to break the lease in the event of possession. |
| Mortgage Express | |
| MPowered Mortgages |
Solar panels fitted to the walls, or the roof of the property may be owned by the applicant or by a solar panel provider who leases the air space above the roof of the property. The firm will lend on these properties subject to the solicitors acting for it approving the lease as a condition on the offer and the lease containing an appropriate clause allowing a mortgagee to terminate the lease at no cost in a reasonable time frame. A Deed of Variation should be arranged and entered into on or before completion, and if this is not possible advise the applicants and ourselves that these requirements cannot be fulfilled and the case cannot proceed. |
| National Counties Building Society | Yes. We require a copy of the lease together with specific details as to how the lease does not meet the UK Finance minimum requirements. See 1.11a for contact details. |
| National Westminster Bank plc | Yes, you must report this to us as detailed above in 1.11a. We may withdraw our offer if the UK Finance minimum requirements are not met. |
| Nationwide Building Society | Please arrange for a deed of variation to be entered into on or before completion to ensure the UK Finance minimum requirements are met. If this is not possible advise the applicants and the issuing office the UK Finance minimum requirements cannot be met and the case cannot proceed. |
| Nedbank Private Wealth Ltd | You must refer to us. |
| New Street Mortgages |
New Street requires you to report all leases of roof space and/or air space above for solar PV panels, and before you can proceed you must obtain New Street's consent to the lease. The lease must meet New Street's own minimum requirements and we will require the solar panel company to enter into a deed of agreement with New Street. New Street's minimum requirements and deed of agreement are available on request. Please ensure that you report the solar panel lease to us and seek to obtain New Street's consent to the lease at the earliest opportunity and, in any event, prior to exchange of contracts. Please do not proceed until we have confirmed that you may do so. |
| NRAM Ltd | Yes |
| Paragon Buy to Let Mortgages | Yes. As 1.11a. For details of our additional requirements, please see paragraph 5.20.3 below. |
| Paragon Residential Owner-Occupied Mortgages | Yes. As 1.11a. For details of our additional requirements, please see paragraph 5.20.3 below. |
| Paratus AMC Ltd |
Yes. Please refer to New Business Department, Foundation Home Loans, 5 Arlington Square, Downshire Way, Bracknell, RG12 1WA email: FHL@foundationhomeloans.co.uk Tel: 0344 770 8033 |
| Parity Trust | Yes |
| Pepper Money |
The registered lease of roof space must meet the UKF minimum standards. If the lease does not meet the UKF minimum standards and you are unable to agree a variation to ensure the lease meets the UKF minimum requirements, the case cannot proceed, and you should advise the applicants and us. We do not require a copy of the lease. |
| Pepper Money (PUK) |
The registered lease of roof space must meet the UKF minimum standards. If the lease does not meet the UKF minimum standards and you are unable to agree a variation to ensure the lease meets the UKF minimum requirements, the case cannot proceed, and you should advise the applicants and us. We do not require a copy of the lease. |
| Perenna | Please contact our Mortgage team by either telephone: 0330 341 2013 or Email: conveyancing@perenna.co.uk |
| Platform (a trading name of The Co-operative Bank p.l.c.) | Yes. Please also ensure that we have an unconditional right to break the lease in the event of possession. |
| Precise Mortgages (Charter Court Financial Services Ltd) |
Yes, together with your advice on how we should proceed although you should take no further steps until we revert to you. |
| Principality Building Society | Yes |
| Reliance Bank Ltd | N/a as we do not lend on properties with solar panels where they are leased |
| Rooftop Mortgages Ltd | |
| Saffron Building Society |
Yes - report to: Mortgage Processing Team Saffron Building Society, Saffron House, 1A. Market Street, Saffron Walden, Essex. CB10 1HX Mortgage.processing@saffronbs.co.uk Telephone 01799 582966 Fax 01799 581901 |
| Sainsbury's Bank | The case cannot proceed if the terms of the lease don’t meet the CML minimum requirements. |
| Santander UK plc | Yes. Please refer to the Mortgage Operations office instructing you. |
| Scottish Building Society | Yes (see 1.11a for contact details). |
| Scottish Widows Bank |
Yes (see 1.11a for contact details). |
| Secure Trust Bank PLC | Yes. As 1.11 |
| Skipton Building Society | All leases must be reported to Completions Department via LMS Secure Link unless the offer confirms we are aware of the lease and we have provided instructions The lease must meet Skipton requirements which may be over and above CML/UK Finance requirements. |
| State Bank of India UK | We do not lend on properties that are subject to a lease of the roof space for solar panels. You must notify us immediately if you become aware of such an arrangement. |
| Swansea Building Society | Yes |
| The Mortgage Business |
Yes (see 1.11a for contact details) |
| The Mortgage Lender Limited | Yes, to the Completions Team at the address stated on the mortgage offer instructions. |
| The Mortgage Works | Please arrange for a deed of variation to be entered into on or before completion to ensure the CML minimum requirements are met. If this is not possible, advise both the issuing office and applicants that the CML minimum requirements cannot be met and the case cannot proceed. |
| The Royal Bank of Scotland plc | Yes, you must report this to us as detailed above in 1.11a. We may withdraw our offer if the UK Finance minimum requirements are not met. |
| The Royal Bank of Scotland plc Direct Line Mortgages | Yes, you must report this to us as detailed above in 1.11a. |
| The Royal Bank of Scotland plc Direct Line One | Yes, you must report this to us as detailed above in 1.11a. |
| The Royal Bank of Scotland plc First Active | Yes, you must report this to us as detailed above in 1.11a. |
| The Royal Bank of Scotland plc Natwest one Account | Yes, you must report this to us as detailed above in 1.11a. |
| The Royal Bank of Scotland plc One Account | Yes, you must report this to us as detailed above in 1.11a. |
| The Royal Bank of Scotland plc Virgin One | Yes, you must report this to us as detailed above in 1.11a. |
| The Tipton & Coseley Building Society | Yes. |
| Together Personal Finance Limited | Yes. |
| Topaz Finance Ltd | |
| TSB Bank plc | Yes (see 1.11a for contact details) |
| Ulster Bank | Yes, you must report this to us as detailed above in 1.11a. We may withdraw our offer if the UK Finance minimum requirements are not met. |
| Vida Homeloans | You must notify us of the existence of a lease of the roof space and provide the name of the tenant (see 1.11a for contact details). Do not proceed until we have confirmed that you may do so. We do not require a copy of the lease. |
| Virgin Money |
Mortgage Processing Operations Virgin Money Jubilee House Gosforth Newcastle upon Tyne NE3 4PL or DX 60350 Gosforth Solicitors Helpline: 0845 604 4858 |
| Whistletree (a trading name of TSB Bank plc) | Yes |
| Yorkshire Bank Home Loans Ltd | Yes (see 1.11a for contact details). |
| Yorkshire Building Society | Yes - see 1.11a for contact details |
| Zephyr Homeloans | Yes (see 1.11a for contact details) |