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Question: 10.3. What are the standard deductions made from the mortgage advance?

Lender Answer
Accord Buy to Let Funds Transfer Fee - if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If the Funds Transfer Fee applies, this fee and any other deductions to be made such as a higher lending charge, will be deducted from the mortgage advance. In such cases the mortgage offer which will show the net amount to be sent to you.
Accord Mortgages Ltd Funds Transfer Fee - if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If the Funds Transfer Fee applies, this fee and any other deductions to be made such as a higher lending charge, will be deducted from the mortgage advance. In such cases the mortgage offer which will show the net amount to be sent to you.
Adam & Company CHAPS fee.
Adam & Company International CHAPS fee.
Aldermore Bank PLC Please refer to the Mortgage Offer.
Allied Irish Bank (GB), a trading name of AIB Group (UK) Refer to AIB Group (UK) plc, Central Securities (GB).
Atom Bank plc CHAPs fee
Other fees as per the Mortgage Offer
Aviva Equity Release UK Ltd Application fee
Bank of China See Mortgage Offer and current Mortgage Conditions for any there may be.
Bank of Ireland (UK) plc You will be notified of these separately when you receive our instructions.
Bank of Ireland as Bank of Ireland Mortgages You will be notified of these separately when you receive our instructions.
Bank of Scotland Beginning A Retentions or other sums specifically stated in the Mortgage Offer.
Bank of Scotland Beginning O Telegraphic Transfer fee as detailed in your instruction letter.
Barclays Bank UK PLC See offer documentation
Birmingham Midshires All deductions will be individually itemised in the mortgage offer
Bluestone Mortgages Refer to mortgage offer.
Bradford & Bingley Limited None
Britannia, a trading name of The Co-operative Bank plc Deductions as advised on the Offer of Advance
Chelsea Building Society (a trading name of Yorkshire BS) Funds Transfer Fee - if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If the Funds Transfer Fee applies, this fee and any other deductions to be made such as a Higher Lending Charge, will be deducted from the mortgage advance. In such cases the mortgage offer will show the net amount to be sent to you.
Clydesdale Bank plc None except where advised in writing that the CHAPS fee will be deducted.
Co-operative Bank plc Deductions (if any) as referred to in the Mortgage Offer document.
Coutts CHAPS fee.
Coventry Building Society Please refer to the offer of mortgage.
Darlington Building Society None, unless the Offer document specifies otherwise.
DB UK Bank Ltd These will be detailed in the Mortgage Offer
Ecology Building Society None
First Direct Please refer to the Mortgage Offer. Any fee for electronic funds transfer will be charged to the customer separately.
Foundation Home Loans Please refer to the offer for details of any deductions.
Furness Building Society Refer to Offer of Advance.
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Godiva Mortgages Ltd Please refer to the offer of mortgage.
Halifax Retentions or other sums specifically stated in the Mortgage Offer.
Halifax Loans Ltd None
Hampden & Co. plc None.
Handelsbanken See Offer documentation.
Hodge Where appropriate, the Product fee. Please check the mortgage offer.
Hodge Equity Release Where appropriate, the Product fee. Please check the mortgage offer.
HSBC UK Bank plc Available Funds where a booking fee is being capitalised:

You should check the Mortgage Illustration section of the Mortgage Offer:
- The Amount and currency of the Loan to be Granted: £xxx.xx is shown in the ‘Main features of the loan’ section (section 2 for references starting 400 or section 3 for references starting with B) and the Amount will include any capitalised Booking Fee where applicable.
- Any Booking Fee will be set out in the ‘Interest rate and other costs’ section (section 3 for references starting with 400 or section 4 for references starting with B) and if the Booking Fee is being capitalised, the text will state that the Booking Fee “will be added to the Loan when the Loan completes”.
If the Booking Fee is not being capitalised, it will state: “Booking Fee: £xxx.xx already paid to HSBC UK on application.”

When the Booking Fee is capitalised, to calculate the funds available for completion, the Booking Fee must be deducted from the Amount and currency of the Loan to be granted.

Calculation: Mortgage Amount– capitalised Booking Fee * = Available Funds on completion

*Note: deduct any Booking Fee which is stated in the ‘Interest rates and other costs’ section of the Mortgage Illustration as “£xxx to be added to the Loan when the Loan completes”.

Funds Transfer Fee:

This will be specified in section “interest rate and other costs”.
Any fee for electronic funds transfer will be charged to the customer separately.
HSMS  
Intelligent Finance None
ITL Mortgages The 'Higher Lending Charge' if borrowers have opted to pay at the time of Completion rather than adding to the loan.
Kensington Mortgage Company Ltd Please refer to the Mortgage Offer for details of deductions made.
Landbay Partners Limited Please refer to the offer for details of deductions.
Landmark Mortgages Limited There are no standard deductions.
Leeds Building Society For accounts with a case reference beginning with an ‘L’ we will deduct the funds transfer fee from the mortgage advance.

For Limited Company Buy to Let accounts we will deduct the funds transfer fee from the mortgage advance.

For accounts with a Mortgage Application Number we will not make any deductions from the mortgage advance. The borrower is required to pay all fees in advance or add them to the loan. You are obliged to check the status of the fees and how the borrower intends these to be paid. The Society will not release any funds until the fees have been paid if the borrower has indicated that they intend to pay these in advance.
Legal & General Home Finance Ltd Refer to copy Offer of Loan.
LendInvest Please see the terms of the mortgage offer.
LiveMore Capital Please refer to the mortgage offer. The Product fee will be deducted from the advance if the offer indicates that it will be added to the loan.
Lloyds Bank plc pre fixed 40 None
Lloyds Bank plc pre fixed 50 None
Lloyds TSB Scotland plc None
M&S Bank Please check the Offer Document for particulars of any deductions to be made from the mortgage advance
Magellan Homeloans Please refer to the Mortgage Offer
Masthaven Bank Refer to the Mortgage Offer.
Metro Bank Plc CHAPS fee- currently £35. Other fees as per the Mortgage Offer.
Mortgage Agency Services Deductions/additions will be detailed in the mortgage offer
Mortgage Express None
Mortgage Express No 2 None
National Westminster Bank plc CHAPS fee
Nationwide Building Society None
Nedbank Private Wealth Ltd The letter and later communications will advise deductions.
New Street Mortgages Please refer to the Mortgage Offer for details of deductions made
NRAM Ltd There are no standard deductions.
Paragon Buy to Let Mortgages As detailed in the offer.
Platform (a trading name of The Co-operative Bank p.l.c.) Refer to the mortgage offer.
Precise Mortgages (Charter Court Financial Services Ltd) All deductions will be individually itemised in the Offer.
Rooftop Mortgages Ltd A Funds Transfer (CHAPs) fee and an Arrangement Fee. These amounts are shown in the mortgage offer, together with any additional deductions.
Sainsbury's Bank CHAPS transfer fee and where applicable, the Product fee.
Santander UK plc Any deductions for fees will be set out in the mortgage offer.
Scottish Building Society None
Scottish Widows Bank None
Skipton Building Society None as standard. Please check your offer conditions to see if retentions or stage payments apply. For any fees not paid up front, our practice is to debit the account and add them to the loan balance but the conveyancer will only receive the net loan.
St James Place Bank None
The Mortgage Business Retentions or other sums specifically stated in the Mortgage Offer and £30 fee where payment of the advance is not by BACS.
The Mortgage Lender Limited Please see the terms of the mortgage offer.
The Mortgage Works As per the offer of advance
The Royal Bank of Scotland plc CHAPS fee.
The Royal Bank of Scotland plc Direct Line Mortgages  
The Royal Bank of Scotland plc Direct Line One  
The Royal Bank of Scotland plc First Active Please see the Offer document.
The Royal Bank of Scotland plc Natwest one Account  
The Royal Bank of Scotland plc One Account Chaps fee
The Royal Bank of Scotland plc Virgin One  
Topaz Finance Ltd Refer to Offer of Advance.
TSB Bank plc None, but be aware that, where the Mortgage Offer states that a Product Fee is being added to the loan, this means that the fee is being added to the mortgage balance, NOT to the amount which will be released to you.
UCB Home Loans Corporation Ltd As per the Offer of Advance
Ulster Bank CHAPS fee
Vida Homeloans Please refer to the Mortgage Offer and Mortgage Offer Summary.
Virgin Money None.
Whistletree (a trading name of TSB Bank plc) There are no standard deductions
Yorkshire Bank Home Loans Ltd None, except where advised in writing that the CHAPS fee will be deducted
Yorkshire Building Society Funds Transfer Fee - if applicable. Please check the mortgage offer to see whether this fee is payable and the amount. If a Funds Transfer Fee applies, this fee and any other deductions to be made such as a Higher Lending Charge, will be deducted from the mortgage advance. In such cases the mortgage offer will show the net amount to be sent to you.