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Question: 10.2. Will the mortgage advance be paid electronically or by cheque?
| Lender | Answer |
|---|---|
| Accord Buy to Let |
Electronically. Please refer to our CHAPS Payments Service Terms and Conditions included with your mortgage instructions. |
| Accord Mortgages Ltd | Electronically. Please refer to our CHAPS Payments Service Terms and Conditions included with your mortgage instructions which apply to all payments of advance monies. |
| Adam & Company |
Electronically Mortgage Centre, Greenock - In the event of the borrower making a request to the Bank to add their conveyancers fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion. |
| Adam & Company International |
Electronically Mortgage Centre, Greenock - In the event of the borrower making a request to the Bank to add their conveyancers fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion. |
| Aldermore Bank PLC | Electronically. |
| Allied Irish Bank (GB), a trading name of AIB Group (UK) | Electronically |
| Atom Bank plc | Electronically. We do not accept cheques. |
| Aviva Equity Release UK Ltd | electronically |
| Bank of China | Electronically |
| Bank of Ireland (UK) plc | Electronically - a £30 fee is deducted from the advance. |
| Bank of Ireland as Bank of Ireland Mortgages | Electronically - a £30 fee is deducted from the advance. |
| Bank of Scotland Beginning A | The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Bank of Scotland Beginning O | The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Barclays Bank UK PLC | Electronically |
| Birmingham Midshires | The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Bluestone Mortgages | Electronically. |
| Bradford & Bingley Limited |
Electronically |
| Britannia, a trading name of The Co-operative Bank plc |
Electronically |
| Chelsea Building Society (a trading name of Yorkshire BS) | Electronically. Please refer to our CHAPS Payments Service Terms and Conditions enclosed with your Mortgage Instructions which apply to all payments of advance monies. |
| Clydesdale Bank plc | Electronically |
| Co-operative Bank plc |
Electronically. |
| Coutts |
Electronically Mortgage Centre, Greenock - In the event of the borrower making a request to the Bank to add their conveyancers fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion. |
| Coventry Building Society |
Electronically |
| Darlington Building Society | Electronically |
| DB UK Bank Ltd | Electronically by CHAPS |
| Ecology Building Society |
electronically |
| First Direct |
Electronically |
| Foundation Home Loans | Electronically. A CHAPS payment fee of £35.00 will be deducted from the advance. |
| Furness Building Society | Electronically |
| GE Money Home Lending Ltd | GE Money Home Lending has withdrawn from the UK mortgage market. |
| Gen H | Electronically by CHAPS the working day before the completion date stipulated in the Certificate of Title. |
| Godiva Mortgages Ltd | Electronically |
| Halifax | The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Halifax Loans Ltd |
Electronically by the BACS system. By cheque If the Certificate if Title is received after the BACS cut-off time. |
| Hampden & Co. plc | Electronically. |
| Handelsbanken | Electronically. |
| Hodge | Electronically by CHAPS, unless you specifically request otherwise. You must confirm your bank details in the Certificate of Title. |
| Hodge Equity Release | Electronically by CHAPS, unless you specifically request otherwise. You must confirm your bank details in the Certificate of Title. |
| HSBC UK Bank plc | Electronically |
| HSMS |
Electronically |
| Intelligent Finance | Electronically by BACS |
| ITL Mortgages | Electronically |
| Kensington Mortgage Company Ltd |
Electronically, funds are released by telegraphic transfer. |
| Landbay Partners Limited | Electronically |
| Landmark Mortgages Limited | The mortgage advance will be paid electronically. |
| Leeds Building Society | Electronically by CHAPS. You must confirm your bank details in the Certificate of Title. |
| Legal & General Home Finance Ltd | Electronically (a CHAPS payment fee of £30 is payable) |
| LendInvest |
Electronically |
| LiveMore Capital | Electronically |
| Lloyds Bank plc pre fixed 40 | The mortgage advance will be paid electronically by CHAPS at no additional fee. |
| Lloyds Bank plc pre fixed 50 | Electronically by CHAPS |
| Lloyds TSB Scotland plc | Electronically by CHAPS |
| M&S Bank | Electronically |
| Magellan Homeloans | Electronically by CHAPS and a telegraphic transfer fee of £15 is applied |
| Masthaven Bank | Electronically. |
| Metro Bank Plc | Electronically. |
| Mortgage Agency Services | Either |
| Mortgage Express |
Electronically |
| Mortgage Express No 2 |
Electronically |
| National Westminster Bank plc |
Electronically Mortgage Centre, Birmingham - In the event of the borrower making a request to the Lender to add their conveyancers fees to the loan amount, the Lender will transfer these funds, by way of a separate transaction, on the day of completion. |
| Nationwide Building Society | Electronically |
| Nedbank Private Wealth Ltd | The mortgage advance will be paid electronically. |
| New Street Mortgages |
Electronically |
| NRAM Ltd | The mortgage advance will be paid electronically. |
| Paragon Buy to Let Mortgages | Electronically. |
| Platform (a trading name of The Co-operative Bank p.l.c.) | Electronically |
| Precise Mortgages (Charter Court Financial Services Ltd) | Electronically ? CHAPS payment to the bank details stated on the Certificate of Title. |
| Rooftop Mortgages Ltd |
Electronically by CHAPS to the bank details on the Certificate of Title |
| Sainsbury's Bank | The mortgage advance will be paid by CHAPS transfer. |
| Santander UK plc |
Electronically. |
| Scottish Building Society | Electronically |
| Scottish Widows Bank | Electronically - the advance will be sent by CHAPS |
| Skipton Building Society | By CHAPS |
| St James Place Bank | Electronically, by BACS |
| The Mortgage Business |
Electronically - it is our standard procedure to send advance funds by the BACS system free of charge. |
| The Mortgage Lender Limited | Electronically. |
| The Mortgage Works | Electronically |
| The Royal Bank of Scotland plc |
Electronically Mortgage Centre - In the event of the borrower making a request to the Bank to add their conveyancers fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion. |
| The Royal Bank of Scotland plc Direct Line Mortgages | Electronically |
| The Royal Bank of Scotland plc Direct Line One | |
| The Royal Bank of Scotland plc First Active | Electronically |
| The Royal Bank of Scotland plc Natwest one Account | Electronically |
| The Royal Bank of Scotland plc One Account | Electronically |
| The Royal Bank of Scotland plc Virgin One | Electronically |
| Topaz Finance Ltd | Usually electronically; by cheque upon request |
| TSB Bank plc | Electronically by CHAPS. Please note that for remortgage advances TSB will group payments together and release as one advance (at 9am, 11am, 2pm & 4pm), regardless of the number of clients a firm may be acting for on a single day. If you require a breakdown of the funds released, please contact us at tsbcompletions@tsb.co.uk |
| UCB Home Loans Corporation Ltd | Electronically |
| Ulster Bank |
Electronically - In the event of the borrower making a request to the Bank to add their conveyancers fees to the loan amount, the Bank will transfer these funds, by way of a separate transaction, on the day of completion. |
| Vida Homeloans | Electronically |
| Virgin Money | Electronically by CHAPS. |
| Whistletree (a trading name of TSB Bank plc) | The mortgage advance will be paid electronically |
| Yorkshire Bank Home Loans Ltd | Electronically |
| Yorkshire Building Society | Electronically. Please refer to our CHAPS Payments Service Terms and Conditions enclosed with your Mortgage Instructions which apply to all payments of advance monies. |