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Question: 10.2. Will the mortgage advance be paid electronically or by cheque?
| Lender | Answer |
|---|---|
| Accord Mortgages Ltd | Electronically. Please refer to our CHAPS Payments Service Terms and Conditions included with your mortgage instructions which apply to all payments of advance monies. |
| Allied Irish Bank (GB), a trading name of AIB Group (UK) | |
| Atom Bank plc | Electronically. We do not accept cheques. |
| Aviva Equity Release UK Ltd | Electronically |
| Bank of Ireland (UK) plc |
Electronically - A fee of £15 is deducted from the advance. |
| Bank of Ireland as Bank of Ireland Mortgages |
Electronically - A fee of £30 is deducted from the advance. |
| Bank of Scotland Beginning A | The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Bank of Scotland Beginning O | The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Barclays Bank UK PLC | Electronically |
| Birmingham Midshires |
The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Bradford & Bingley Limited |
Electronically |
| Britannia, a trading name of The Co-operative Bank plc | Electronically |
| Chelsea Building Society (a trading name of Yorkshire BS) | Electronically. Please refer to our CHAPS Payments Service Terms and Conditions enclosed with your Mortgage Instructions which apply to all payments of advance monies. |
| CHL Mortgages | Electronically |
| Co-operative Bank plc | Electronically. |
| Coventry Building Society | Electronically. |
| Danske Bank | Electronically |
| DB UK Bank Ltd | Electronically, by CHAPS |
| Ecology Building Society |
Electronically (£25 fee payable by borrower) |
| First Direct | Electronically |
| First Trust Bank | Electronically |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Godiva Mortgages Ltd | Electronically. |
| Halifax |
The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Halifax Loans Ltd |
Electronically -Yes - by the BACS system. Cheque - If the Certificate of Title is received after the BACS cut-off time. |
| Hampden & Co. plc | |
| HSBC UK Bank plc | Electronically |
| HSMS | |
| Intelligent Finance | Electronically - Yes by BACS. |
| ITL Mortgages | Electronically. |
| Kensington Mortgage Company Ltd |
Electronically Yes, funds are released by telegraphic transfer. |
| Landmark Mortgages Limited | Electronically |
| Leeds Building Society | Electronically by CHAPS. You must confirm your bank details in the Certificate of Title. |
| Lloyds Bank plc |
The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Lloyds TSB Scotland plc | Electronically by CHAPS |
| M&S Bank | Electronically |
| Mortgage Express |
Electronically |
| Mortgage Express (No 2) |
Electronically |
| National Westminster Bank plc | Electronically. In the event of the Borrower making a request to the Bank to add their conveyancer’s fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion. |
| Nationwide Building Society | Electronically |
| New Street Mortgages | Electronically. |
| NRAM Ltd | Electronically. |
| Platform (a trading name of The Co-operative Bank p.l.c.) | Electronically |
| Rooftop Mortgages Ltd |
Electronically by CHAPS to the bank details provided on the Certificate of Title |
| Sainsbury's Bank | The mortgage advance will be paid by CHAPS transfer. |
| Santander UK plc | Electronically. |
| Scottish Widows Bank |
Electronically. The advance will be sent by CHAPS. |
| The Mortgage Business |
Electronically - it is our standard practice to send advance funds by the BACS system free of charge. |
| The Royal Bank of Scotland plc |
Electronically. In the event of the borrower making a request to the Bank to add their conveyancers fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion. |
| TSB Bank plc | Electronically by CHAPS |
| UCB Home Loans Corporation Ltd | Electronically |
| Ulster Bank |
Electronically. In the event of the borrower making a request to the Bank to add their conveyancers fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion. |
| Virgin Money | Electronically by CHAPS. |
| Yorkshire Building Society | Electronically. Please refer to our CHAPS Payment Service Terms and Conditions enclosed with your Mortgage Instructions which apply to all payments of advance monies. |