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Question: 5.14.1. Does the lender require me to report to them where the lease does not meet the UK Finance minimum requirements for leases of roof space for solar PV panels?
| Lender | Answer |
|---|---|
| Accord Mortgages Ltd | Yes. See 4.1.1.2 for contact details. |
| Atom Bank plc |
Atom will not lend on a property where solar panels are subject to a lease arrangement against the roof and roof air space. Atom will consider properties with solar panels where the applicant(s) is funding the purchase of panels themselves or via additional borrowing, providing they are doing so with no creation of any long-term lease arrangement with the panel provider. A condition will be attached to the offer of advance that lending is subject to the appropriate planning permission and consents being in place. You must report the ownership/lease arrangements and any borrowing used to fund the purchase of any such panels at the earliest opportunity. |
| Aviva Equity Release UK Ltd | Yes - see 1.10 |
| Bank of Ireland (UK) plc | Yes |
| Bank of Ireland as Bank of Ireland Mortgages | Yes |
| Bank of Scotland Beginning A | Yes (see 1.10a for contact details) |
| Bank of Scotland Beginning O | Yes (see 1.10a for contact details) |
| Barclays Bank UK PLC | |
| Birmingham Midshires | Yes (see 1.10a for contact details) |
| Bradford & Bingley Limited | |
| Britannia, a trading name of The Co-operative Bank plc | |
| Chelsea Building Society (a trading name of Yorkshire BS) | Yes - as 4.1.1.2. |
| CHL Mortgages | Yes |
| Co-operative Bank plc | Yes. Please also ensure that we have an unconditional right to break the lease in the event of possession. |
| Coventry Building Society | Yes. as 1.11a. For details of additional requirements see paragraph 5.14.3 below. |
| Danske Bank |
We do not accept properties where solar panels have been installed and are subject to any type of lease or licence agreement. However, please notify us at the contact point at 1.11 if the solar panels have been installed at the property and the panels are owned outright by the seller or the borrower. |
| Ecology Building Society |
Where the applicant(s) have or will purchase the solar panels outright the Society is prepared to lend on normal terms, subject to evidence of the quote for the panels within the costings. Where a Lease of Rights is requested in respect of installation of solar panels, the provider/homeowner must seek consent from the Society. For re-mortgage cases evidence of the lease must be provided. |
| First Direct | The Lease of Rights (relating to roof space for solar PV panels) must meet the UKF minimum standards. If the lease does not meet the UKF minimum standards and you are unable to agree a variation to ensure the lease meets the UKF minimum requirements, the case cannot proceed and you should advise the applicants and us. We do not require a copy of the lease. |
| First Trust Bank | We do not accept a lease arrangement (of the roof space) for Solar PV panels. |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Godiva Mortgages Ltd | Yes. As 1.11a. For details of additional requirements see paragraph 5.14.3 below. |
| Halifax | Yes (see 1.10a for contact details) |
| Halifax Loans Ltd | Yes (see 1.10a for contact details) |
| Hampden & Co. plc | |
| HSBC UK Bank plc |
The Lease of Rights (relating to roof space for solar PV panels) must meet the UKF minimum standards. If the lease does not meet the UKF minimum standards and you are unable to agree a variation to ensure the lease meets the UKF minimum requirements, the case cannot proceed and you should advise the applicants and us. We do not require a copy of the lease. |
| HSMS | |
| Intelligent Finance | Yes (see 1.10a for contact details) |
| ITL Mortgages | Yes. as 1.11a. For details of additional requirements see paragraph 5.14.3 below. |
| Kensington Mortgage Company Ltd | We do not accept properties with solar panels. |
| Landmark Mortgages Limited | Yes |
| Leeds Building Society |
Yes. Please refer to Mortgage Lending Department (please see 1.11a). We also require confirmation that the solar panel installation and associated lease comply with the requirements as set out in our Solar Panel Pack for Legal Advisors, available at; http://www.leedsbuildingsociety.co.uk/intermediaries/forms/solicitors/. |
| Lloyds Bank plc | Yes ( see 1.10a for contact details) |
| Lloyds TSB Scotland plc | Yes (see 1.10a for contact details) |
| M&S Bank | no |
| Mortgage Express | |
| Mortgage Express (No 2) | |
| National Westminster Bank plc | No. We do not accept any lease arrangement for solar PV panels, only a lease of rights. The CML minimum requirements must be met and template letter submitted. |
| Nationwide Building Society | We do not accept a lease arrangement (of the roof space) only a lease of rights (over the roof space). Please arrange for a deed of variation to be entered into on or before completion to ensure the UK Finance minimum requirements are met.If this is not possible advise the applicants and the issuing office the UK Finance minimum requirements cannot be met and the case cannot proceed. |
| New Street Mortgages | New Street requires you to report all leases of roof space and/or air space above for solar PV panels, and before you can proceed you must obtain New Street's's consent to the lease. The lease must meet New Street's own minimum requirements and we will require the solar panel company to enter into a deed of agreement with New Street. New Street's minimum requirements and deed of agreement are available on request. Please ensure that you report the solar panel lease to us and seek to obtain New Street's consent to the lease at the earliest opportunity and, in any event, prior to exchange of contracts. Please do not proceed until we have confirmed that you may do so. |
| NRAM Ltd | |
| Platform (a trading name of The Co-operative Bank p.l.c.) | |
| Sainsbury's Bank | The case cannot proceed if the terms of the Lease don’t meet the minimum CML requirements. |
| Santander UK plc | The UK Finance minimum requirements must be met. You must notify the Mortgage Operations office instructing you of the existence of a lease and provide the name of the tenant. |
| Scottish Widows Bank |
Yes (see 1.10a for contact details) |
| The Mortgage Business | Yes (see 1.10a for contact details) |
| The Royal Bank of Scotland plc | |
| TSB Bank plc | |
| Ulster Bank | |
| Virgin Money |
Mortgage Processing Operations Virgin Money Gosforth Newcastle upon Tyne NE3 4PL Solicitor Helpline: 0845 604 4858 Solicitor Email: postoffer@virginmoney.com |
| Yorkshire Building Society | Yes. See 4.1.1.2 for contact details. |