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Question: 16.3.1. Do you have a standard form of transfer/deed of covenant?
| Lender | Answer |
|---|---|
| Accord Mortgages Ltd |
Form of transfer - no. Deed of covenant - yes, for use where there is a change in the parties to the mortgage. |
| 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 Ireland (UK) plc |
No. |
| Bank of Ireland as Bank of Ireland Mortgages |
No. |
| Bank of Scotland Beginning A |
No |
| Bank of Scotland Beginning O |
No |
| Barclays Bank UK PLC |
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. |
| Bradford & Bingley Limited | No |
| Britannia, a trading name of The Co-operative Bank plc | No |
| Chelsea Building Society (a trading name of Yorkshire BS) |
Form of transfer - no. Deed of Covenant - yes, for use where there is a change in the parties to the mortgage. |
| CHL Mortgages | No |
| Co-operative Bank plc |
No. |
| Coventry Building Society | 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. |
| DB UK Bank Ltd | No |
| Ecology Building Society |
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 1.10a You are required to ensure a new mortgage deed is signed for the transfer of equity and to register a new first legal charge or first 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. |
| First Trust Bank | No |
| GE Money Home Lending Ltd | No. |
| Godiva Mortgages Ltd | No. |
| Halifax | Transfer of equity - no. Deed of covenant - yes (our form L1), request from Customer Service Centre, PO Box 548, Leeds, LS1 1WU. |
| Halifax Loans Ltd | Transfer of equity - no. Deed of covenant - yes (our form L1), request from Customer Service Centre, PO Box 1HA, Newcastle Upon Tyne, NE99 1HA |
| Hampden & Co. plc | |
| 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 legal charge or first 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. You must not send us a copy of the transfer, which should be signed by the transferors and transferees only. |
| HSMS | |
| Intelligent Finance | No. |
| ITL Mortgages | No. |
| Kensington Mortgage Company Ltd | No. |
| Landmark Mortgages Limited |
No, but we can provide a set of guidance notes. Our prior consent is required. |
| Leeds Building Society | No. |
| Lloyds Bank plc | Transfer of equity -no. Deed of covenant - yes(our form L1), request from Mortgage Processing Lloyds Bank plc, Barnett Way, Gloucester, GL4 3RL |
| Lloyds TSB Scotland plc |
Transfer of equity -no. Deed of covenant - yes(our form L1), request from Customer Service Centre, PO Box 548, Leeds, LS1 1WU |
| M&S Bank | no |
| Mortgage Express |
No. |
| Mortgage Express (No 2) |
No. |
| National Westminster Bank plc | No, we require a reconstitution of the security in Transfer of Equity cases. |
| Nationwide Building Society | No |
| 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. |
| Platform (a trading name of The Co-operative Bank p.l.c.) | No |
| Rooftop Mortgages Ltd |
No |
| Sainsbury's Bank | No. |
| Santander UK plc | The Mortgage Operations office having conduct of the Borrower's mortgage account. |
| Scottish Widows Bank | No - However we require a fresh Legal Charge to be granted by the new Borrower(s). |
| The Mortgage Business |
Transfer of equity - no. Deed of covenant - yes (our form L1), request from Customer Service Centre, PO Box 548, Leeds, LS1 1WU |
| The Royal Bank of Scotland plc |
No. |
| TSB Bank plc |
Transfer of equity -no. Deed of covenant - yes(our form L1), request from Customer Service Centre, PO Box 548, Leeds, LS1 1WU |
| UCB Home Loans Corporation Ltd |
No. |
| Ulster Bank | No |
| Virgin Money | No, but we'll provide you with our instructions. Our consent to the transfer will be required. |
| Yorkshire Building Society |
Form of transfer -no. Deed of covenant - yes, for use where there is a change in the parties to the mortgage. |