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Question: 6.8.1. If different from 1.11, contact point if no bond/retention for an unadopted road or if no public sewer or approved private sewerage.
| Lender | Answer |
|---|---|
| Accord Buy to Let |
We do not insist on such a bond being in place at settlement nor on you making a retention and so we do not need to be made aware of such circumstances. You, however should ensure all applicants are aware of their potential liability. |
| Accord Mortgages Ltd | We do not insist on such a bond being in place at settlement nor on you making a retention and so we do not need to be made aware of such circumstances. You, however should ensure all applicants are aware of their potential liability. |
| Adam & Company |
As detailed above in 1.11a |
| Adam & Company International |
As detailed above in 1.11a |
| Aldermore Bank PLC |
For new properties, we will not impose a retention where a bond / agreement will not be in place on settlement. If the customer accepts the situation we will proceed. However, if there are no plans to obtain a bond / agreement in the future, please advise as we will need to refer this to our valuer. |
| 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 above |
| 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 | If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| Bank of Scotland Beginning O | If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| Barclays Bank UK PLC |
Issuing Office If a Road Bond is put in place for the road to be adopted, this is acceptable to the Bank. If the Developers are not liable to maintain and repair the roads until such time as they are adopted, please advise the issuing office. Please include in your correspondence, how we can ensure that the roads will be repaired and maintained until adoption by the developer and whether that arrangement would be satisfactory. If the Developer will provide an undertaking to ensure the roads are repaired and maintained until adoption this is acceptable. |
| Birmingham Midshires | If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| Bluestone Mortgages | As per 1.11. |
| Bradford & Bingley Limited | As 1.11a |
| Britannia, a trading name of The Co-operative Bank plc | Britannia New Lending Britannia House Leek Staffordshire Moorlands ST13 5RG or Britannia New Lending DX16351 Leek |
| Chelsea Building Society (a trading name of Yorkshire BS) | We do not insist on such a bond being in place at settlement nor on you making a retention and so we do not need to be made aware of such circumstances. You, however should ensure all applicants are aware of their potential liability. |
| Clydesdale Bank plc |
The team at Clydesdale Bank Sunderland SR43 4JE Tel – 0800 121 4203 |
| Co-operative Bank plc | See 1.11a earlier. |
| Coutts |
As detailed above in 1.11a |
| Coventry Building Society |
The Society will not insist on a retention but if you consider the Society's security is at risk, you may wish to withhold one on your client(s) behalf. |
| 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 |
Where roads and sewers on a new development are yet to be adopted, this will be acceptable providing there are plans in place for future adoption when the development is completed or where a management company or local residents will be responsible. We do not insist on an agreement or bond and do not require you to hold a retention. However, you should ensure all applicants are aware of and accept their potential liability. Second hand properties where the development is not yet completed – If the roads or sewers are currently un-adopted the vendor must confirm the current arrangements are working and that there have been no disputes regarding servicing and maintenance of the system, and details of any demand for payment and/or costs incurred are shared with the customer(s). Where roads or sewers are not adopted or managed we can only proceed if: There are no current disputes, the applicants are aware of their potential liability, appropriate rights of way and enforceable maintenance rights exist and details of any demand for payment and/or costs incurred are shared with the customer(s). |
| Foundation Home Loans | See 1.11.a |
| 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 |
The Company will not insist on a retention but if you consider the Company's security is at risk, you may wish to withhold one on your client(s) behalf. |
| Halifax |
If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| Halifax Loans Ltd |
If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| Hampden & Co. plc | See 1.11. Lack of agreement / bond may be acceptable with our prior written consent. |
| Handelsbanken | Refer to Branch office instructing you. |
| Hodge |
As per 1.11a Where roads and sewers on a new development are yet to be adopted, this is acceptable providing there are plans in place for future adoption when the development is completed or where a management company or local residents will be responsible. Where roads or sewers are not adopted or managed, we can only proceed if there are no current disputes, the applicants are aware of their potential liability, appropriate rights of way and enforceable maintenance rights exist, and details of any demand for payment and/or costs incurred are shared with the customer(s). |
| Hodge Equity Release |
As per 1.11a Where roads and sewers on a new development are yet to be adopted, this is acceptable providing there are plans in place for future adoption when the development is completed or where a management company or local residents will be responsible. Where roads or sewers are not adopted or managed, we can only proceed if there are no current disputes, the applicants are aware of their potential liability, appropriate rights of way and enforceable maintenance rights exist, and details of any demand for payment and/or costs incurred are shared with the customer(s). |
| HSBC UK Bank plc |
Where roads and sewers on a new development are yet to be adopted, this will be acceptable providing there are plans in place for future adoption when the development is completed or where a management company or local residents will be responsible. We do not insist on an agreement or bond and do not require you to hold a retention. However, you should ensure all applicants are aware of and accept their potential liability. Second hand properties where the development is not yet completed – If the roads or sewers are currently un-adopted the vendor must confirm the current arrangements are working and that there have been no disputes regarding servicing and maintenance of the system, and details of any demand for payment and/or costs incurred are shared with the customer(s). Where roads or sewers are not adopted or managed we can only proceed if: There are no current disputes, the applicants are aware of their potential liability, appropriate rights of way and enforceable maintenance rights exist, and details of any demand for payment and/or costs incurred are shared with the customer(s). |
| HSMS |
As 1.11a |
| Intelligent Finance |
If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| ITL Mortgages | The Company will not insist on a retention but if you consider the Company's security is at risk, you may wish to withhold one on your client(s) behalf. |
| Kensington Mortgage Company Ltd |
Where roads and sewers on a new development are not yet adopted, this will be acceptable and does not need to be reported to us where plans are in place for future adoption once the development is complete or, there is provision for the establishment of a management company responsible for the ongoing repair and maintenance obligations. You should ensure all applicants are aware of and accept their potential liability. However, if there are no plans to obtain a bond/agreement in the future, please advise so that we can refer back to our valuer for their comments. |
| Landbay Partners Limited | See 1.11a legals@landbay.co.uk |
| Landmark Mortgages Limited |
Accepted provided that there is a firm intention to adopt and the development is subject to NHBC or Zurich Municipal. In all other cases refer to: Porting Team Landmark Mortgages PO Box 656 Durham DH1 9LY OR Landmark Mortgages DX 727483, Sunderland 13 Tel: 0330 159 7172 |
| Leeds Building Society | As per 1.11a. |
| Legal & General Home Finance Ltd | Same as 1.11a |
| LendInvest | See 1.11a |
| LiveMore Capital | As 1.11a |
| Lloyds Bank plc pre fixed 40 | If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| Lloyds Bank plc pre fixed 50 | If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| Lloyds TSB Scotland plc |
If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| M&S Bank | M&S Bank, PO Box 12, Skipton, BD23 2HL. Telephone Number 0345 002 1128 Fax 0345 111 0322 |
| 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 |
| Mortgage Express No 2 |
As 1.11a |
| National Westminster Bank plc |
As detailed above in 1.11a |
| Nationwide Building Society |
Newly built properties – we do not insist on any such agreement and bond being in place nor on you making a retention providing the roads and sewers are to be adopted eventually or managed by local residents or a management company and so we do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of their potential liability. Second hand properties where the development is not yet completed – see above. If the roads or sewers are currently un-adopted the vendor must confirm the system is currently working and there have been no disputes regarding servicing and maintenance of the system. Second hand properties – whether managed by either local residents or a management company or not, all applicants must be made aware of the practicalities of the situation and of their future liabilities/potential liabilities, we do not need to be advised of the situation. For un-adopted sewers the vendor must confirm the system is currently working and there have been no disputes regarding servicing and maintenance of the system. Where roads or sewers are not managed we can only proceed if: - Appropriate rights of way exist - The applicants are aware of their potential liability - Fully enforceable maintenance rights exist - There are no current disputes. |
| Nedbank Private Wealth Ltd | Please refer to us |
| 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 | Accepted provided that there is a firm intention to adopt and the development is subject to NHBC or Zurich Municipal. In all other cases refer to us. (contact details as at 1.11a) |
| Paragon Buy to Let Mortgages | As 1.11a. |
| 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. |
| Rooftop Mortgages Ltd |
The address and contact details shown on the mortgage offer. All special conditions must be satisfied and buildings insurance cover should be acceptable and on risk prior to submission and we must be in receipt of Certificate of Title at least 4 working days prior to anticipated completion date. |
| Sainsbury's Bank | Contact point as detailed in 1.11a. |
| Santander UK plc |
Only refer to the Mortgage Operations office instructing you in circumstances where - (i) the Developer has refused to covenant to complete/maintain the road/sewer pending adoption; or (ii) the sale is a private sale: or (iii) the loan-to-value is greater than 85% and the Developer does not have a full quote on the London Stock Exchange or is not a wholly-owned subsidiary of such a company. |
| Scottish Building Society | |
| Scottish Widows Bank | If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| Skipton Building Society |
Completions Team via LMS Secure Link. Please note the Society requires to be notified in all cases and may require a retention from the mortgage advance. We require: - appropriate arrangements for the maintenance and upkeep of the right of way - maintenance obligations do not impose any onerous liability on the borrower - no liability on the borrower to pay for making up or adoption of the roadway |
| St James Place Bank | Mortgage Administration, St. James's Place Bank, Administration Centre, PO Box 1869, Livingston EH54 7XS. |
| The Mortgage Business |
If the bond/agreement is not granted prior to completion or is to be managed by local residents or a management company (see 6.8.4 part 1 details) we will not insist upon a retention and do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of and accept their potential liability. |
| The Mortgage Lender Limited |
completions@themortgagelender.com Tel: 0344 257 0426 |
| The Mortgage Works |
Newly built properties – we do not insist on any such agreement and bond being in place nor on you making a retention providing the roads and sewers are to be adopted eventually or managed by local residents or a management company (see 6.8.4 part 1 details) and so we do not need to be made aware of such circumstances. However, you should ensure all applicants are aware of their potential liability. Second hand properties where the development is not yet completed – see above. If the roads or sewers are currently un-adopted the vendor must confirm the system is currently working and there have been no disputes regarding servicing and maintenance of the system. Second hand properties – whether managed by either local residents or a management company or not (see 6.8.4 part 1 details): all applicants must be made aware of the practicalities of the situation and of their future liabilities/potential liabilities, we do not need to be advised of the situation. For un-adopted sewers the vendor must confirm the system is currently working and there have been no disputes regarding servicing and maintenance of the system. Where roads or sewers are not managed we can only proceed if: - Appropriate rights of way exist - The applicants are aware of their potential liability - Fully enforceable maintenance rights exist - There are no current disputes |
| The Royal Bank of Scotland plc |
As detailed above in 1.11a |
| The Royal Bank of Scotland plc Direct Line Mortgages |
mon.completions@natwest.com |
| The Royal Bank of Scotland plc Direct Line One |
Faxed to 0870 400 9608 for new customers. Faxed to 01603 707539 for existing customers changing security. |
| The Royal Bank of Scotland plc First Active |
Faxed to 0870 400 9610. |
| The Royal Bank of Scotland plc Natwest one Account |
mon.completions@natwest.com |
| The Royal Bank of Scotland plc One Account |
mon.completions@natwest.com |
| The Royal Bank of Scotland plc Virgin One |
mon.completions@natwest.com |
| 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) |
| UCB Home Loans Corporation Ltd | See 1.11a. |
| Ulster Bank |
As detailed above in 1.11a |
| Vida Homeloans | As 1.11a |
| Virgin Money |
If there is a firm intention to adopt and the development is covered by NHBC, we're happy to lend and there is no need for you to let us know. Otherwise send details to: Mortgage Processing Operations Virgin Money Gosforth Newcastle upon Tyne NE3 4PL Solicitor Helpline: 0845 604 4858 Solicitor Email: postoffer@virginmoney.com |
| Whistletree (a trading name of TSB Bank plc) | Details as 1.11a |
| Yorkshire Bank Home Loans Ltd |
The team at Yorkshire Bank Sunderland SR43 4JF Tel – 0800 121 4203 |
| Yorkshire Building Society |
We do not insist on such a bond being in place at settlement nor on you making a retention and so we do not need to be made aware of such circumstances. You, however should ensure all applicants are aware of their potential liability. |