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Question: 6.6.2. Does the lender need to be sent the counterpart/certified copy tenancy agreement?
| Lender | Answer |
|---|---|
| Accord Buy to Let |
No. But you must retain a copy for your file. |
| Accord Mortgages Ltd | No. |
| Adam & Company | No |
| Adam & Company International |
No |
| Aldermore Bank PLC | No. |
| Allied Irish Bank (GB), a trading name of AIB Group (UK) | No, may be provided to the Borrower. |
| Atom Bank plc | No - to be held on file with the title deeds and documents after completion unless otherwise stated in the offer. |
| Aviva Equity Release UK Ltd | No |
| Bank of China | No |
| Bank of Ireland (UK) plc |
Yes, to be placed with the title deeds after completion. |
| Bank of Ireland as Bank of Ireland Mortgages |
Yes, to be placed with the title deeds after completion. |
| Bank of Scotland Beginning A |
Yes, certified copy only, after settlement. |
| Bank of Scotland Beginning O | Yes, certified copy only, after completion. |
| Barclays Bank UK PLC | No |
| Birmingham Midshires |
No, borrower to retain |
| Bluestone Mortgages | No |
| Bradford & Bingley Limited | No |
| Britannia, a trading name of The Co-operative Bank plc | We do not lend on a property that is to be let or will be let on completion. |
| Chelsea Building Society (a trading name of Yorkshire BS) | No. |
| Clydesdale Bank plc | Yes |
| Co-operative Bank plc | No. |
| Coutts |
No |
| Coventry Building Society |
Yes, certified copy after Completion. |
| Darlington Building Society |
Yes, certified after completion. |
| DB UK Bank Ltd | No |
| Ecology Building Society | Yes |
| First Direct |
We do not lend on property that is let or is to be let at completion |
| Foundation Home Loans | No, but a copy should be retained on your file. |
| Furness Building Society |
Yes, with the title deeds, unless the offer of mortgage makes no reference to tenancies or leases, in which case copies are required prior to completion. |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Godiva Mortgages Ltd |
Yes, certified copy after Completion. |
| Halifax |
Yes, certified copy after settlement. Please place with the title documents. |
| Halifax Loans Ltd |
Yes, certified copy after settlement. Please place with the title documents. |
| Hampden & Co. plc | Please retain with the title deeds. |
| Handelsbanken | Yes, following completion. |
| Hodge | No, but please retain a copy on your file |
| Hodge Equity Release | No, but please retain a copy on your file |
| HSBC UK Bank plc | No |
| HSMS |
Copy policy - yes, after settlement with the title deeds. Premium Receipt - No. |
| Intelligent Finance | No |
| ITL Mortgages | Yes, certified copy after Completion. |
| Kensington Mortgage Company Ltd |
Yes. A copy is acceptable. To be forwarded to: Deeds Administration, Kensington Mortgage Company Ltd, PO Box 4760, Maidenhead, SL60 1HU following completion. |
| Landbay Partners Limited | Yes, if there is one in existence. |
| Landmark Mortgages Limited | Yes, extract after settlement with the title deeds. |
| Leeds Building Society | No, but please retain a copy on your file. |
| Legal & General Home Finance Ltd | Not applicable as tenancies are not permitted. |
| LendInvest | No. We may, however, ask for copies of the documents if we require them. |
| LiveMore Capital | N/A |
| Lloyds Bank plc pre fixed 40 | No |
| Lloyds Bank plc pre fixed 50 | No |
| Lloyds TSB Scotland plc | No |
| M&S Bank | no |
| Magellan Homeloans | No - to be held on file with the title deeds and documents after completion unless otherwise stated in the offer. |
| Masthaven Bank | No. |
| Metro Bank Plc | No - to be held on file with the title deeds and documents after completion unless otherwise stated in the offer. |
| Mortgage Agency Services |
Yes refer to Mortgage Agency Services PO Box 138 Plymouth Devon PL1 1XY |
| Mortgage Express | No |
| Mortgage Express No 2 |
No |
| National Westminster Bank plc | No |
| Nationwide Building Society | No |
| Nedbank Private Wealth Ltd | Yes. In addition, we require you to confirm that the tenancy is acceptable to the bank prior to lending. |
| New Street Mortgages | No. |
| NRAM Ltd | Yes, extract after settlement with the title deeds. |
| Paragon Buy to Let Mortgages | Yes, please place with the deeds. |
| Platform (a trading name of The Co-operative Bank p.l.c.) |
Yes, certified copy |
| Precise Mortgages (Charter Court Financial Services Ltd) | Yes, after completion. If not available then an undertaking to obtain one is acceptable. |
| Rooftop Mortgages Ltd |
Yes, certified copy |
| Sainsbury's Bank | No, but please retain a copy for your file and ensure that the terms of the tenancy agreement comply with our terms and conditions. We may request a copy of the agreement, if we require it |
| Santander UK plc |
No, unless your instructions state otherwise. |
| Scottish Building Society | No. |
| Scottish Widows Bank | Yes |
| Skipton Building Society | No. |
| St James Place Bank | No |
| The Mortgage Business |
Yes, certified copy only, after settlement. Please place with the title documents |
| The Mortgage Lender Limited |
No, however where the mortgage is for Buy to Let purposes you must ensure that any existing or proposed tenancies meet the requirements outlined in our Acceptable Tenancies Document. We do not consent to letting on residential (owner occupied) mortgages. |
| The Mortgage Works |
No, not required for properties let under a standard Short Assured Tenancy within the meaning of section 32 of the Housing Act (Scotland)1988 and subject to a maximum tenancy term of up to 36 months. If the SAT is of 13-36 months duration please notify TMW accordingly but there is no requirement to send in the tenancy agreement. Where the tenancy is a Private Residential Tenancy in the model form, there is no requirement to send in the tenancy agreement. Where the tenancy is not in the standard form (non-SAT or PRT) and where the let is to a Local Authority, Housing Association, Government Department, NHS, Corporate Company or University we will require a copy of the agreement to be sent to us to verify the suitability of the tenant. In such cases you must confirm that the tenancy agreement meets the following requirements: 1)the tenant must be letting the property to a current employee of its organisation (if NHS, government department or corporate company) or 2)the tenant must use the property to provide accommodation for homeless persons under the Housing Act 1996 or similar legislation (if local authority or housing association) or 3)the tenant must use the property to provide accommodation to students (if a University) 4)the tenant must not use the property for business or create any business tenancy. 5)there must be no security of tenure afforded to the occupier or tenant. 6)the agreement recognises the existence of a mortgage and the potential for the mortgagee`s right to repossess. 7)the tenancy is no more than 3 years in duration. 8)the agreement must contain no other provisions which adversely affect the lender`s security or its rights to enforce its remedies under the standard security executed by the borrower. Tenancy agreements and tenants that do not meet the above requirements are not acceptable and TMW must be informed immediately. |
| The Royal Bank of Scotland plc | No |
| The Royal Bank of Scotland plc Direct Line Mortgages | No |
| The Royal Bank of Scotland plc Direct Line One |
As detailed above in 1.11a. |
| The Royal Bank of Scotland plc First Active |
No, unless the borrowing amount (as stated in the Offer) exceeds £500,000. |
| The Royal Bank of Scotland plc Natwest one Account |
Yes a certified copy to be sent after completion |
| The Royal Bank of Scotland plc One Account | Yes, a certified copy to be sent after completion. |
| The Royal Bank of Scotland plc Virgin One |
Yes,a certified copy to be sent after completion |
| Topaz Finance Ltd |
Yes, certified copy after settlement. |
| TSB Bank plc | No |
| UCB Home Loans Corporation Ltd |
No -provided you can confirm in writing that the tenancy agreement meets the following criteria: is/will be a Short Assured Tenancy Agreement within the meaning of section 32 of the Housing Act (Scotland) 1988 or an alternative form of tenancy whereby vacant possession can be obtained as of right at the end of term created by the tenancy, and the maximum term of the tenancy must not be more than 12 months. A valid Ground 2 notice must be served before any tenancy is entered into unless the property is already subject to a Short Assured Tenancy Agreement and it is not possible to serve a Ground 2 notice. Submission of your Cerificate of Title to us will be taken as confirmation that the tenancy agreement meets/will meet the above criteria. |
| Ulster Bank | No |
| Vida Homeloans | No |
| Virgin Money | No. |
| Whistletree (a trading name of TSB Bank plc) | Yes, Counterpart after completion with the Title Deeds. |
| Yorkshire Bank Home Loans Ltd | Yes |
| Yorkshire Building Society |
No. |