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Question: 10.2. What are the standard deductions made from the mortgage advance?

Lender Answer
Accord Mortgages Ltd Funds Transfer Fee - if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If the Funds Transfer Fee applies, this fee and any other any deductions such as a higher lending charge, will be deducted from the mortgage advance. In such cases the mortgage offer will show the net amount to be sent to you.
Atom Bank plc CHAPS fee and other fees as per the Mortgage Offer.
Aviva Equity Release UK Ltd Application fee
Bank of Ireland (UK) plc You will be notified of these at the time you receive our instructions.
Bank of Ireland as Bank of Ireland Mortgages You will be notified of these at the time you receive our instructions.
Bank of Scotland Beginning A Retentions or other sums specifically stated in the Mortgage Offer.
Bank of Scotland Beginning O Telegraphic Transfer fee as detailed in your instruction letter
Barclays Bank UK PLC See offer documentation
Birmingham Midshires Retentions or other sums specifically stated in the Mortgage offer.
Bradford & Bingley Limited None
Britannia, a trading name of The Co-operative Bank plc Deductions as advised in the Offer of Advance
Chelsea Building Society (a trading name of Yorkshire BS) Funds Transfer Fee - if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If the Funds Transfer Fee applies, this fee and any other deductions to be made such as a higher lending charge, will be deducted from the mortgage advance. In such cases the mortgage offer will show the net amount to be sent to you.
CHL Mortgages None
Co-operative Bank plc Deductions (if any) as referred to in the Mortgage Offer document.
Coventry Building Society Higher Lending Charge, if the borrowers have opted to pay at the time of completion rather than adding to the loan.
Danske Bank Please refer to the offer document.
DB UK Bank Ltd These will be detailed in the Mortgage Offer
Ecology Building Society None
First Direct Please refer to the Mortgage Offer. Any fee for electronic funds transfer will be charged to the customer separately.
First Trust Bank £30 Money Transfer Fee
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Godiva Mortgages Ltd Higher Lending Charge, if the borrowers have opted to pay at the time of completion rather than adding to the loan.
Halifax Retentions or other sums specifically stated in the Mortgage Offer.
Halifax Loans Ltd None.
Hampden & Co. plc  
HSBC UK Bank plc Available Funds where a booking fee is being capitalised:

You should check the Mortgage Illustration section of the Mortgage Offer:
- The Amount and currency of the Loan to be Granted: £xxx.xx is shown in the ‘Main features of the loan’ section (section 2 for references starting 400 or section 3 for references starting with B) and the Amount will include any capitalised Booking Fee where applicable.
- Any Booking Fee will be set out in the ‘Interest rate and other costs’ section (section 3 for references starting with 400 or section 4 for references starting with B) and if the Booking Fee is being capitalised, the text will state that the Booking Fee “will be added to the Loan when the Loan completes”.
If the Booking Fee is not being capitalised, it will state: “Booking Fee: £xxx.xx already paid to HSBC UK on application.”

When the Booking Fee is capitalised, to calculate the funds available for completion, the Booking Fee must be deducted from the Amount and currency of the Loan to be granted.

Calculation: Mortgage Amount– capitalised Booking Fee * = Available Funds on completion

*Note: deduct any Booking Fee which is stated in the ‘Interest rates and other costs’ section of the Mortgage Illustration as “£xxx to be added to the Loan when the Loan completes”.

Funds Transfer Fee:

This will be specified in section “interest rate and other costs”.
Any fee for electronic funds transfer will be charged to the customer separately.
HSMS  
Intelligent Finance No.
ITL Mortgages Higher Lending Charge, if the borrowers have opted to pay at the time of completion rather than adding to the loan.
Kensington Mortgage Company Ltd Please refer to the Mortgage Offer for details of deductions made.
Landmark Mortgages Limited None.
Leeds Building Society For accounts with a case reference beginning with an ‘L’ we will deduct the funds transfer fee from the mortgage advance.

For accounts with a Mortgage Application Number we will not make any deductions from the mortgage advance. The borrower is required to pay all fees in advance or add them to the loan. You are obliged to check the status of the fees and how the borrower intends these to be paid. The Society will not release any funds until the fees have been paid if the borrower has indicated that they intend to pay these in advance.
Lloyds Bank plc None.
Lloyds TSB Scotland plc None
M&S Bank Please check the Offer Document for particulars of any deductions to be made from the mortgage advance
Mortgage Express None
Mortgage Express (No 2) None
National Westminster Bank plc CHAPS fee.
Nationwide Building Society None
New Street Mortgages Please refer to the Mortgage Offer for details of deductions made.
NRAM Ltd None.
Platform (a trading name of The Co-operative Bank p.l.c.) Refer to mortgage offer
Rooftop Mortgages Ltd A funds trasnfer (CHAPs) fee and an arrangement fee. These amounts are shown in the mortgage offer together with any additional deductions
Sainsbury's Bank CHAPS transfer fee and where applicable, the Product fee.
Santander UK plc Any deductions for fees will be set out in the mortgage offer.
Scottish Widows Bank None.
The Mortgage Business Retentions or other sums specifically stated in the Mortgage Offer and £30 fee where payment of the advance is not by BACS.
The Royal Bank of Scotland plc CHAPS Fee.
TSB Bank plc None
UCB Home Loans Corporation Ltd None
Ulster Bank CHAPS Fee
Virgin Money None.
Yorkshire Building Society Funds Transfer Fee - if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If the Funds Transfer Fee applies, this fee and any other deductions to be made such as a Higher Lending Charge, will be deducted from the mortgage advance. In such cases the mortgage offer will show the net amount to be sent to you.