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Question: 10.7. What, if any, interest do you charge if return of the advance is delayed?

Lender Answer
Accord Mortgages Ltd Interest will be charged at the rate payable by the borrower under the terms of the mortgage.
Atom 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.
Aviva Equity Release UK Ltd Interest is charged from the day the money is released
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 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.
Barclays Bank UK PLC Interest is charged at the rate specified in the Offer of Advance
Birmingham Midshires The contractual rate in the mortgage offer from the date on which the funds were sent to you.
Bradford & Bingley Limited We reserve the right to charge Interest at 4% above the 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
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 Daily interest at the rate applicable to the mortgage account.
Co-operative Bank plc Interest is charged at the rate specified in the Mortgage Offer.
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.
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.
DB UK Bank Ltd Interest will be charged at the contractual interest rate applicable to the relevant mortgage product or scheme
Ecology Building Society 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 rate charged will be that stated in the mortgage offer.
First Trust Bank No
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
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.
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  
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 rate charged will be that stated in the mortgage offer
HSMS  
Intelligent Finance We reserve the right to charge interest at the rate applicable to the mortgage.
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.
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.
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 funds were sent to you until we receive the funds back or until the revised completion date.
Lloyds Bank plc 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 rate charged will be that stated in the mortgage offer
Mortgage Express We reserve the right to charge Interest at 4% above the Bank of England's base rate.
Mortgage Express (No 2) We reserve the right to charge Interest at 4% above the Bank of England's base rate.
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
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 5 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 cleared in the account. Interest will be charged at the rate of interest applicable to the mortgage on all amounts debited to the account.
Platform (a trading name of The Co-operative Bank p.l.c.) The rate quoted in the mortgage offer
Rooftop Mortgages Ltd Daily interest from release of advance
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 Widows Bank Interest rate as detailed in the Mortgage Offer.
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 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.
TSB Bank plc The contractual rate in the Loan Agreement from the date on which funds were sent to you.
UCB Home Loans Corporation Ltd Interest is charged to the account the rate applicable to the loan from the day the funds are transferred to you - see 10.3 & 10.6.
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.
Virgin Money If completion is delayed and you tell us, we won’t charge interest until completion, where you are holding funds in accordance with clause 10.6.
If you continue to hold funds beyond the time specified in clause 10.6, we will charge interest at that point.
Interest is charged at the rate applicable to the loan.
Yorkshire Building Society Interest will be charged at the rate payable by the borrower under the terms of the mortgage.