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Question: 16.3.3. Do you require the transfer of equity to be sent to you?
| Lender | Answer |
|---|---|
| Accord Mortgages Ltd |
A certified copy of the completed transfer must be sent with the deeds after completion where the transfer includes a covenant by a new borrower or the release of a borrower or guarantor from obligations under the mortgage. |
| Allied Irish Bank (GB), a trading name of AIB Group (UK) | |
| Atom Bank plc | No as we do not need to be a party to it and will always take a new charge. |
| Aviva Equity Release UK Ltd |
No |
| Bank of Ireland (UK) plc | Yes, please send to Mortgage Services Department, Bank of Ireland UK, PO Box 3191, One Temple Quay, Bristol, BS1 9HY. Tel No 0345 602 7056. DX 98850 Bristol 2. |
| Bank of Ireland as Bank of Ireland Mortgages | Yes, please send to Mortgage Services Department, Bank of Ireland UK, PO Box 3191, One Temple Quay, Bristol, BS1 9HY. Tel No 0845 6027056. DX 98850 Bristol 2. |
| Bank of Scotland Beginning A |
Yes |
| Bank of Scotland Beginning O |
Yes |
| Barclays Bank UK PLC |
No |
| Birmingham Midshires |
Yes, after settlement. Please place with title documents. |
| Bradford & Bingley Limited |
A certified copy to be placed with the title deeds on their return to us. |
| Britannia, a trading name of The Co-operative Bank plc |
Only if we need to execute it |
| Chelsea Building Society (a trading name of Yorkshire BS) | A certified copy of the completed transfer must be sent with the deeds after completion where the transfer includes a covenant by a new borrower or the release of a borrower or guarantor from obligations under the mortgage. |
| CHL Mortgages | Yes |
| Co-operative Bank plc | Only if we need to sign it. Please refer to the Transfer of Equity Letter of Instructions to confirm what documents are required to be sent to us post-completion. |
| Coventry Building Society | Yes, after completion. |
| Danske Bank |
Yes, please send to: Danske Bank Mortgage Customer Support Personal Collateral Team, Killeaton House 41 Mosside Road, Dunmurry Belfast, BT17 9HH DX 2015 NR BELFAST 2 |
| DB UK Bank Ltd | Yes |
| Ecology Building Society | Yes |
| First Direct | We are not a party to the transfer as we take a new charge in all cases and therefore would not require the transfer of equity. |
| First Trust Bank | Yes, draft deed required for approval prior to execution. |
| GE Money Home Lending Ltd | Yes. NB. Any variation to the parties on the mortgage account is subject to a full GEMHL underwriting process. |
| Godiva Mortgages Ltd | Yes, after completion. |
| Halifax | Only if we need to execute it. |
| Halifax Loans Ltd | Only if we need to execute it. |
| Hampden & Co. plc | |
| HSBC UK Bank plc | We are not a party to the transfer as we take a new charge in all cases and therefore would not require the transfer of equity |
| HSMS | |
| Intelligent Finance | Only if we need to execute it. |
| ITL Mortgages | Yes, after completion. |
| Kensington Mortgage Company Ltd | Yes. Please send to the Customer Services Department, Kensington Mortgage Company Ltd, PO Box 831, Redhill, RH1 9NJ following completion. |
| Landmark Mortgages Limited |
We require a certified copy of the transfer. |
| Leeds Building Society | This must be uploaded to the LMS S.T.A.R.S system following completion. |
| Lloyds Bank plc | Only if we need to execute it. |
| Lloyds TSB Scotland plc |
Only if we need to execute it. |
| M&S Bank | Yes |
| Mortgage Express |
A certified copy to be placed with the title deeds on their return to us. |
| Mortgage Express (No 2) |
A certified copy to be placed with the title deeds on their return to us. |
| National Westminster Bank plc | Yes after completion. |
| Nationwide Building Society |
Yes - A template transfer document is available from our lawyers website at www.nationwide.co.uk/lawyers. |
| New Street Mortgages | Yes. |
| NRAM Ltd | We require a certified copy of the transfer. |
| Platform (a trading name of The Co-operative Bank p.l.c.) | Yes |
| Rooftop Mortgages Ltd |
Yes |
| Sainsbury's Bank | Yes. Please send to Sainsbury’s Bank Mortgages, PO Box 12, Gateway House, Gargrave Road, Skipton, BD23 2HL |
| Santander UK plc | Yes, a certified copy of the transfer of equity should be sent to the Mortgage Operations office instructing you. |
| Scottish Widows Bank | No - However we require a fresh Legal Charge to be granted by the new Borrower(s). |
| The Mortgage Business |
Only if we need to execute it. |
| The Royal Bank of Scotland plc |
Yes, after completion. |
| TSB Bank plc |
Only if we need to execute it. |
| UCB Home Loans Corporation Ltd |
Yes - see 14.2.1 |
| Ulster Bank |
Yes, after completion |
| Virgin Money |
Yes, just a certified copy. |
| Yorkshire Building Society |
A certified copy of the completed transfer must be sent with the deeds after completion where the transfer includes a covenant by a new borrower or the release of a borrower or guarantor from obligations under the mortgage. |