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Question: 5.5.4.1. Do you lend in these circumstances?
| Lender | Answer |
|---|---|
| Accord Mortgages Ltd |
Yes, we require our security to be the leasehold flat to be occupied by the borrower. |
| Atom Bank plc | |
| Aviva Equity Release UK Ltd |
Yes |
| Bank of Ireland (UK) plc |
Yes. |
| Bank of Ireland as Bank of Ireland Mortgages |
Yes. |
| Bank of Scotland Beginning A |
Yes |
| Bank of Scotland Beginning O |
Yes |
| Barclays Bank UK PLC | Yes |
| Birmingham Midshires |
Yes, provided that the lease provides for the compulsory transfer of the freehold share simultaneously with the sale of the lease. |
| Bradford & Bingley Limited |
Yes |
| Britannia, a trading name of The Co-operative Bank plc | Yes |
| Chelsea Building Society (a trading name of Yorkshire BS) |
Yes, we require our security to be leasehold flat to be occupied by the borrower. |
| CHL Mortgages |
Yes |
| Co-operative Bank plc | Yes - see 5.10 for our requirements for leasehold securities. |
| Coventry Building Society | Yes. |
| Danske Bank | Please see response to 5.5.3 |
| DB UK Bank Ltd | Yes, however, we will not require a charge over the borrower's share of the freehold |
| Ecology Building Society |
Yes |
| First Direct | Yes |
| First Trust Bank |
We may lend in these circumstances providing the solicitor: a) informs the Bank of the other freehold arrangement b) Provides details of the borrower’s responsibilities as a result of the freehold arrangement d) Ensures that the Bank’s mortgage/charge includes the freehold owned by the Borrower |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Godiva Mortgages Ltd | Yes. |
| Halifax | Yes. We require a mortgage of the leasehold interest in the flat owned by the borrower. We do not require a mortgage of the borrower's share of the freehold. |
| Halifax Loans Ltd | Yes. We require a mortgage of the leasehold interest in the flat owned by the borrower. We do not require a mortgage of the borrower's share of the freehold. |
| Hampden & Co. plc | |
| HSBC UK Bank plc | Yes |
| HSMS | As 1.10a |
| Intelligent Finance | Yes, we require a mortgage of the leasehold interest in the flat owned by the borrower. We do not require a mortgage of the borrowers share of the freehold. |
| ITL Mortgages | Yes. |
| Kensington Mortgage Company Ltd | Yes. Please report the arrangements to us so that we can ensure that there is no adverse effect upon the valuation. You should also bring to our attention any interest the borrower has in any of the other flats in the building or adjacent building. |
| Landmark Mortgages Limited |
Yes. |
| Leeds Building Society | Yes. |
| Lloyds Bank plc | Yes. |
| Lloyds TSB Scotland plc | N/A |
| M&S Bank | yes |
| Mortgage Express | Yes |
| Mortgage Express (No 2) | Yes |
| National Westminster Bank plc | Yes |
| Nationwide Building Society |
Yes - see 5.10 for our requirements for leasehold securities |
| New Street Mortgages | Yes. Please report the arrangements to us so that we can ensure that there is no adverse effect upon the valuation. You should also bring to our attention any interest the borrower has in any of the other flats in the building or adjacent building. |
| NRAM Ltd | Yes |
| Platform (a trading name of The Co-operative Bank p.l.c.) | No |
| Rooftop Mortgages Ltd |
Please refer the property specific details to the address shown on the mortgage offer |
| Sainsbury's Bank | No. |
| Santander UK plc | Yes. |
| Scottish Widows Bank | Yes. |
| The Mortgage Business |
Yes. We require a mortgage of the leasehold interest in the flat owned by the borrower. We do not require a mortgage of the borrower's share of the freehold. |
| The Royal Bank of Scotland plc |
Yes. |
| TSB Bank plc | N/A |
| UCB Home Loans Corporation Ltd |
Yes, see 5.10 for our requirements for Leasehold Securities. |
| Ulster Bank |
Yes |
| Virgin Money | Yes. |
| Yorkshire Building Society |
Yes, we require our security to be the leasehold flat to be occupied by the borrower. |