Back to previous page
Question: 5.1.1. If different from 1.11, contact point if the seller has owned the property for less than 6 months.
| Lender | Answer |
|---|---|
| Accord Buy to Let |
As 1.11a. Please note that sub-sales, back to back transactions, assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. |
| Accord Mortgages Ltd | As 1.11a |
| Adam & Company |
As detailed above in 1.11a |
| Adam & Company International |
As detailed above in 1.11a |
| Aldermore Bank PLC |
As 1.11. Purchase transactions where the property has been sold within the last 6 months are not normally acceptable, unless the property is being purchased from a housebuilder / developer who acquired the property in a part exchange transaction. Remortgages (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not) within the first 6 months of the original purchase date are not normally acceptable, unless: - you are able to provide evidence that the customer inherited the property following the death of the previous owner - the remortgage is to replace bridging finance taken out more than 1 month ago. - the remortgage is to replace a cash purchase completed more than 1 month ago. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable. |
| Allied Irish Bank (GB), a trading name of AIB Group (UK) | Refer to AIB Group (UK) plc, Central Securities (GB), 92 Anne Street, Belfast, BT1 3H |
| Atom Bank plc | As 1.11 |
| Aviva Equity Release UK Ltd | See 1.11 |
| Bank of China | mortgages@bank-of-china.com |
| Bank of Ireland (UK) plc | See 1.11 |
| Bank of Ireland as Bank of Ireland Mortgages | See 1.11 |
| Bank of Scotland Beginning A |
Mortgage Customer Services, Trinity Road, Halifax HX1 2RG. Fax no. 0345 1221034 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| Bank of Scotland Beginning O |
Bank of Scotland Plc, Mortgage Operations, Pentland House, 8 Lochside Avenue, Edinburgh, EH12 9DJ. Tel: 0345 603 1136 Fax: 0131 339 2366 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| Barclays Bank UK PLC |
Issuing Office |
| Birmingham Midshires |
Completions Team at office issuing mortgage instructions. See Offer for contact details. For remortgage applications, the customer must have owned the property for at least 6 months. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| Bluestone Mortgages | As per 1.11. |
| Bradford & Bingley Limited |
As 1.11a. We will require details of who all the parties to the transactions are, whether there is any relationship between the parties, the amounts paid and your recommendation. |
| Britannia, a trading name of The Co-operative Bank plc |
Britannia New Lending, Britannia House, Leek Staffordshire Moorlands ST13 5RG or Britannia New Lending DX 16351 Leek. Telephone and fax numbers as shown on the offer of advance. Please note we do not lend on back to back sales, sub-sales or assigned contracts under any circumstances. |
| Chelsea Building Society (a trading name of Yorkshire BS) | As 1.11a. |
| Clydesdale Bank plc |
Mortgage Services PO BOX 3105 Clydebank Glasgow G60 9AU Tel - 0800 121 4203 |
| Co-operative Bank plc |
See 1.11a earlier. Please note: we do not lend on back-to-back sales, sub-sales (where the seller has owned the property for less than 6 months), assignable contracts or irrevocable powers of attorney in favour of intervening sellers under any circumstances. We also regard as sub-sale cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). |
| Coutts |
As detailed above in 1.11a |
| Coventry Building Society |
CBS Instructing Office Please note that the seller (or the applicant in the case of a Buy to Let remortgage) must have been registered as the owner of the property for at least 6 months prior to the application date. In the case of a residential remortgage there is no such requirement. |
| Darlington Building Society |
Principal Office: Customer Support Department Sentinel House Morton Road Darlington DL1 4PT |
| DB UK Bank Ltd |
db mortgages PO Box 890 Newport NP20 9LZ Tel: 0845 650 6281 DX Address - not available |
| Ecology Building Society | As in 1.11a |
| First Direct |
Transactions which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. We will NOT lend in transactions where there is a sub-sale, back to back transaction or in one where the contract for sale is to be assigned to a third party. All other circumstances where the seller is not the owner or registered proprietor, other than those listed in Part 1 under 5.2.1, should be referred to us with full details, see 1.11a |
| Foundation Home Loans |
See 1.11.a For re-mortgage applications the borrower must have owned the property for at least 6 months from the original purchase date. If this is not the case you should refer to us before proceeding and provide full details. Sub-sales, where the seller has owned the property for less than 6 months and back to back transactions are not acceptable. Applications which involve assignable contracts, transferable contracts, novation contracts and the like or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should report any other structure to the transaction which has a similar effect. All other circumstances where the seller is not the owner or registered proprietor, other than those listed in Part 1 under paragraph 5.1.1, should be referred to us providing full details. |
| Furness Building Society |
Centralised Mortgage Processing Furness Building Society, 51/55 Duke Street, Barrow-in-Furness, Cumbria. LA14 1RT |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Godiva Mortgages Ltd |
GML Instructing Office Please note that the seller (or the applicant in the case of a Buy to Let remortgage) must have been registered as the owner of the property for at least 6 months prior to the application date. In the case of a residential remortgage there is no such requirement. |
| Halifax |
Mortgage Completions Helpline, Mortgage Services, Trinity Road, Halifax HX1 2RG. Fax no. 0345 1221034 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| Halifax Loans Ltd |
Halifax Loans Limited, Trinity Road, Halifax HX1 2RG. (HLL as of 1.11a) NB We will not normally proceed on cases where the property is already owned by the borrower but for less than 6 months. Applications which involve assignable contracts are not acceptable. |
| Hampden & Co. plc | See 1.11 |
| Handelsbanken | Refer to Branch office instructing you. |
| Hodge |
We will not normally lend where there is a sub-sale, sale and leaseback or a back to back transaction. All circumstances where the owner/registered proprietor has owned the property for less than 6 months from purchase must be referred to the Mortgage Lending Department (please see 1.11a), ensuring that the following details are provided: • confirmation that the property is currently owned by the seller; • date on which the seller acquired the property; and • the purchase price paid by the borrower. For re-mortgages, we require confirmation that: • the property is currently owned by the borrower; • the date on which the borrower acquired the property; and • the purchase price paid by the borrower. Applications which involve assignable contracts or irrevocable Powers of Attorney in favour of intervening sellers are not acceptable. You should report any other structure to the transaction which has a similar effect. |
| Hodge Equity Release |
We will not normally lend where there is a sub-sale, sale and leaseback or a back to back transaction. All circumstances where the owner/registered proprietor has owned the property for less than 6 months from purchase must be referred to the Mortgage Lending Department (please see 1.11a), ensuring that the following details are provided: • confirmation that the property is currently owned by the seller; • date on which the seller acquired the property; and • the purchase price paid by the borrower. For re-mortgages, we require confirmation that: • the property is currently owned by the borrower; • the date on which the borrower acquired the property; and • the purchase price paid by the borrower. Applications which involve assignable contracts or irrevocable Powers of Attorney in favour of intervening sellers are not acceptable. You should report any other structure to the transaction which has a similar effect. |
| HSBC UK Bank plc |
Transactions which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. We will NOT lend in transactions where there is a sub-sale, back to back transaction or in one where the contract for sale is to be assigned to a third party. All other circumstances where the seller is not the owner or registered proprietor, other than those listed in Part 1 under 5.2.1, should be referred to us (see 1.11a for contact details) with full details |
| HSMS | As 1.11a |
| Intelligent Finance |
Securities, Intelligent Finance, PO Box 890, Leeds, LS1 9UG For remortgage applications, the customer must have owned the property for at least 6 months. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Mortgage Completions Helpline, Mortgage Services, Trinity Road, Halifax HX1 2RG. Fax no. 0845 1221034 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| ITL Mortgages |
New Lending Department, Oakfield House, PO Box 600, Binley, Coventry, CV3 9YR Please note that the seller (or the applicant in the case of a Buy to Let remortgage) must have been registered as the owner of the property for at least 6 months prior to the application date. In the case of a residential remortgage there is no such requirement. |
| Kensington Mortgage Company Ltd | Kensington Mortgages, New Business Operations Centre, Ascot House, Maidenhead Office Park, Maidenhead, SL6 3QQ. Tel: 03444 990011 Fax: 03444 990022. |
| Landbay Partners Limited | See 1.11a legals@landbay.co.uk |
| Landmark Mortgages Limited |
Porting Team Landmark Mortgages PO Box 656 Durham DH1 9LY OR Landmark Mortgages DX 727483, Sunderland 13 Tel: 0330 159 7172 |
| Leeds Building Society |
We will not normally lend where there is a sub-sale, sale and leaseback or a back to back transaction. All circumstances where the owner/registered proprietor has owned the property for less than 6 months from purchase must be referred to the Mortgage Lending Department (please see 1.11a), ensuring that the following details are provided: • confirmation that the property is currently owned by the seller; • date on which the seller acquired the property; and • the purchase price paid by the borrower. For re-mortgages, we require confirmation that: • the property is currently owned by the borrower; • the date on which the borrower acquired the property; and • the purchase price paid by the borrower. Applications which involve assignable contracts or irrevocable Powers of Attorney in favour of intervening sellers are not acceptable. You should report any other structure to the transaction which has a similar effect. |
| Legal & General Home Finance Ltd | Where the Property is being purchased, we will not usually proceed where the seller has owned the Property for less 6 months unless it is a purchase from a developer who had part exchanged the Property from a previous owner. For a remortgage the Borrowers must have owned the Property for a period of at least 6 months unless you are able to provide evidence that they have inherited the Property. |
| LendInvest | See 1.11a |
| LiveMore Capital | As 1.11a. You should not submit your Certificate of Title to us until you have received a response from us. |
| Lloyds Bank plc pre fixed 40 |
Morgage Processing, please see 1.11a. For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Mortgage Completions Helpline, Mortgage Services, Trinity Road, Halifax HX1 2RG. Fax no. 0845 1221034 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| Lloyds Bank plc pre fixed 50 |
Mortgage Processing, please see 1.11a. For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Mortgage Completions Helpline, Mortgage Services, Trinity Road, Halifax HX1 2RG. Fax no. 0845 1221034 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| Lloyds TSB Scotland plc |
Mortgage Processing (see 1.11a). For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. "Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Mortgage Completions Helpline, Mortgage Services, Trinity Road, Halifax HX1 2RG. Fax no. 0845 1221034 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| M&S Bank |
Transactions which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. We will NOT lend in transactions where there is a sub-sale, back to back transaction or in one where the contract for sale is to be assigned to a third party. All other circumstances where the seller is not the owner or registered proprietor, other than those listed in Part 1 under 5.2.1, should be referred to us (see 1.11a for contact details) with full details |
| Magellan Homeloans | Issuing Office |
| Masthaven Bank | As per 1.11. |
| Metro Bank Plc | As per 1.11. |
| Mortgage Agency Services |
Mortgage Agency Services PO Box 138 Plymouth Devon PL1 1XY |
| Mortgage Express |
As 1.11a We will require details of who all the parties to the transactions are, whether there is any relationship between the parties, the amounts paid and your recommendation in accordance with 2.3. |
| Mortgage Express No 2 |
As 1.11a |
| National Westminster Bank plc |
As detailed above in 1.11a |
| Nationwide Building Society |
We will not normally lend where there is a sub-sale or back to back transaction and we will not lend where the contract for sale is to be assigned to a third party. All circumstances where the owner/registered proprietor has owned the property for less than 6 months from purchase should be referred to the issuing office, ensuring that the following details are provided: the name and address of the person who sold, or will be selling, the property to the applicant's vendor; ?the amount paid for the property by the applicant's vendor; ?details of any connection between the original vendor and the applicant's vendor, or between either vendor and the mortgage applicant; ?details of any work carried out to the property between the two transactions. Please place the case on hold until you receive further instructions |
| Nedbank Private Wealth Ltd | You must refer to us for instructions. |
| New Street Mortgages |
New Street Mortgages, PO Box 4761, Maidenhead, SL60 1HW. Tel: 0333-300-3100, Fax: 0333-300-3132, email: enquiries@newstreetmortgages.com |
| NRAM Ltd | As 1.11a |
| Paragon Buy to Let Mortgages | As 1.11a. Your specific attention is drawn to our Supplemental Instructions and Guidance Notes. |
| Platform (a trading name of The Co-operative Bank p.l.c.) |
Refer to office issuing mortgage instructions |
| Precise Mortgages (Charter Court Financial Services Ltd) |
Completions Team at the address stated in the Mortgage Offer/Instructions. For Long Term Lending remortgage applications, the customer must have owned the property for at least 12 months. This is reduced to 6 months for Buy-to-Let applications. The exception to these rules is where the application is to exit a Precise Mortgages Short Term Loan, whereby the application can proceed at any time following advance of the Short Term Loan. For remortgage applications, the customer must have owned the property for at least twelve months. Sub-sales, where the seller has owned the property for less than six months and back to back transactions are not acceptable. We would regard it as a sub-sale where the seller requires a heritable title to the property, which they then immediately sell on to the borrower by the grant to them of a long lease. Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. If you consider that there are reasons for the use of any of the above arrangements which means the case is acceptable, you must report the details. We shall then consider whether or not it is acceptable. You must satisfy yourselves that the seller of the Property and any party associated with the Borrower or the seller has complied with all applicable provisions of the Economic Crime (Transparency and Enforcement) Act 2022 (as in force and amended from time to time). |
| Rooftop Mortgages Ltd |
The address and contact details shown on the mortgage offer |
| Sainsbury's Bank | Contact point as detailed in 1.11a. In such cases, please provide us with the name and address of the previous owner; the price paid to the previous owner by the previous vendor; and details of any connection between the previous owner, the vendor and/or the borrower. You should not submit your Certificate of Title until such time as we have confirmed we are happy to proceed. |
| Santander UK plc |
Refer to Mortgage Operations office instructing you. |
| Scottish Building Society | |
| Scottish Widows Bank |
Customer Service Centre (see offer for address and fax number) For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| Skipton Building Society |
(i) Completions Team via LMS Secure Link (ii) Commercial Servicing Team |
| St James Place Bank |
Mortgage Administration, St. James's Place Bank, Administration Centre, PO Box 1869, Livingston EH54 7XS. For remortgage applications, the customer must have owned the property for at least 6 months. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We shall then consider whether or not it is acceptable. |
| The Mortgage Business |
Mortgage Completions Helpline, Mortgage Services, Trinity Road, Halifax HX1 2RG. Fax no.0845 1221034 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Mortgage Completions Helpline, Mortgage Services, Trinity Road, Halifax HX1 2RG. Fax no. 0845 1221034 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve ‘Assignable Contracts’, 'Fulfilment Contracts', 'Assisted Contracts', 'Assignment Contracts', 'Novation Contracts', 'Transferable Contracts' or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. Please report to us if any Unilateral Notice is registered against the freehold title and relates to the security address. |
| The Mortgage Lender Limited |
completions@themortgagelender.com Tel: 0344 257 0426 For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable. |
| The Mortgage Works |
Please provide the Issuing Office with the following information: - the name and address of the person who sold, or will be selling, the property to the applicant's vendor; - the amount paid for the property by the applicant's vendor; - details of any connection between the original vendor and the applicant's vendor, or between either vendor and the mortgage applicant; - details of any work carried out to the property between the two transactions. Please place the case on hold until you receive further instructions. |
| The Royal Bank of Scotland plc |
As detailed above in 1.11a |
| The Royal Bank of Scotland plc Direct Line Mortgages |
As detailed above in 1.11a. |
| The Royal Bank of Scotland plc Direct Line One | |
| The Royal Bank of Scotland plc First Active |
As detailed above in 1.11a. |
| The Royal Bank of Scotland plc Natwest one Account |
As detailed above in 1.11a. |
| The Royal Bank of Scotland plc One Account |
As detailed above in 1.11a. |
| The Royal Bank of Scotland plc Virgin One |
As detailed above in 1.11a. |
| Topaz Finance Ltd |
Topaz Finance Limited Gateway House, Gargrave Road, Skipton, North Yorkshire, BD23 2HL 0345 389 1672 |
| TSB Bank plc |
Mortgage Processing (see 1.11a). For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. "Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable." |
| UCB Home Loans Corporation Ltd |
Please provide the Issuing Office with the following information: - the name and address of the person who sold, or will be selling, the property to the applicant's vendor; - the amount paid for the property by the applicant's vendor; - details of any connection between the priginal vendor and the applicant's vendor, or between either vendor and the mortgage applicant; - details of any work carried out to the property between the two transactions. Please place the case on hold until you receive further instructions |
| Ulster Bank |
As detailed above in 1.11a |
| Vida Homeloans |
As 1.11a. Purchase transactions where the property has been sold within the last 6 months are not normally acceptable, unless: - £for£ bridging finance (plus legitimate fees and interest charged by the lender) - Inherited property following the death of the proprietor, forms part of the estate for inheritance with satisfactory documentation obtained. - New-Build property being purchased from a housebuilder that acquired the property in a part-exchange transaction. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. |
| Virgin Money |
Mortgage Processing Operations Virgin Money Jubilee House Gosforth Newcastle upon Tyne NE3 4PL or DX 60350 Gosforth Solicitors Helpline: 0845 604 4858 Fax.: 0191 213 4243. |
| Whistletree (a trading name of TSB Bank plc) |
Please see 1.11a. For remortgage applications (where the customer is already the registered proprietor of the property whether subject to an existing mortgage or not), the customer must have owned the property for at least six months. Where you have obtained evidence that the customer inherited the property following the death of the previous owner and provided you confirm this to us in writing, the preceding sentence will not apply. Sub-sales, where the seller has owned the property for less than 6 months, and back to back transactions are not acceptable. We also regard as sub-sales cases where the seller acquires the freehold (or superior leasehold) title to the property, which they then immediately sell on to the borrower by the grant to them of a lease (or sub-lease). Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. If you consider that there are reasons for the use of any of the above arrangements which mean the case is acceptable, you should report the details. We will then consider whether or not it is acceptable. |
| Yorkshire Bank Home Loans Ltd |
Mortgage Services PO BOX 3105 Clydebank Glasgow G60 9AU Tel - 0800 121 4203 |
| Yorkshire Building Society | As 1.11a. |