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Question: 16.3.1. Does the lender have a standard form of deed of variation?
| Lender | Answer |
|---|---|
| Accord Buy to Let |
Yes, for use where there is a change in the parties to the original Standard Security. |
| Accord Mortgages Ltd | Yes, for use where there is a change in the parties to the original Standard Security. |
| Adam & Company |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| Adam & Company International |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| Aldermore Bank PLC | Yes. |
| Allied Irish Bank (GB), a trading name of AIB Group (UK) | No |
| Atom Bank plc | No, we will always require a new standard security to be granted. |
| Aviva Equity Release UK Ltd | No |
| Bank of China | No, to be drafted by you and sent to us for approval. |
| Bank of Ireland (UK) plc | Yes |
| Bank of Ireland as Bank of Ireland Mortgages | Yes |
| Bank of Scotland Beginning A | No |
| Bank of Scotland Beginning O | No |
| Barclays Bank UK PLC | No |
| Birmingham Midshires | No. You will be required to draft the appropriate deed and send it to Processing Underwriting Completions Team at Birmingham Midshires, PO Box 81, Pendeford Business Park, Wobaston Road, Wolverhampton, WV9 5HZ |
| Bluestone Mortgages | No |
| Bradford & Bingley Limited | No |
| Britannia, a trading name of The Co-operative Bank plc | No |
| Chelsea Building Society (a trading name of Yorkshire BS) | Yes, for use where there is a change in the parties to the original Standard Security. |
| Clydesdale Bank plc | No |
| Co-operative Bank plc | No. |
| Coutts |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| Coventry Building Society | No |
| Darlington Building Society | No |
| DB UK Bank Ltd | No |
| Ecology Building Society | No |
| First Direct |
Instruction: Where you are instructed to act on behalf of the Bank on a transfer of equity, you will be notified by email of the instruction by us. The instruction will include a copy of the mortgage offer addressed to the borrower, you will not normally receive a mortgage offer addressed to you. Standard Documents: to download the legal document templates and our Mortgage Lending Instructions & Guidance Notes for England & Wales, Scotland and Northern Ireland (which contains additional information on our requirements) visit Legal instructions for moving home as www.firstdirect.com/legal-instructions. Requirements: If you are unsure as to the changes required, please contact us per 1.11a You are required to ensure a new standard security deed is signed for the transfer of equity and to register a new first ranking standard security over the property on behalf of HSBC UK Bank plc trading as first direct. The bank will not agree to a transfer of equity subject to our existing standard security and as such, will not be a signatory to the conveyance. You must not send us a copy of the conveyance, which should be signed by the transferors and transferees only. |
| Foundation Home Loans | No. |
| Furness Building Society | No |
| GE Money Home Lending Ltd | No |
| Godiva Mortgages Ltd |
No |
| Halifax |
Yes, request from branch - L1(s). |
| Halifax Loans Ltd |
Yes, request from HLL as of 1.11a - L1(s) (HLL as of 1.11a) for HLL as of 1.11a mortgages, L1(s) for Halifax plc mortgages formerly with any Lovell Park Mortgages company. |
| Hampden & Co. plc | No. If a Deed of Variation is required please draft the Deed for review and approval. |
| Handelsbanken | No, the Bank requires a reconstitution of the security in transfer of equity cases. |
| Hodge | No, to be drafted by you and sent to us for approval |
| Hodge Equity Release | No, to be drafted by you and sent to us for approval |
| HSBC UK Bank plc |
Instruction: Where you are instructed to act on behalf of the Bank on a transfer of equity, you will be notified by email of the instruction by Legal Marketing Services Limited (LMS) and must access the instruction only through the LMS Conveyancer Zone website. The instruction will be a copy of the mortgage offer addressed to the borrower, you will not normally receive a mortgage offer or copy letter addressed to you and should treat the borrower (s) copy of the mortgage offer as the formal instruction to act on behalf of HSBC UK Bank plc. Standard Documents: You must use LMS Conveyancer Zone website to access all legal documents required. Requirements: As the Bank will not send you a separate letter of instruction, if you are unsure as to the changes required, please contact us per 1.11a You are required to ensure a new standard security is signed for the transfer of equity and to register a new first ranking standard security over the property on behalf of HSBC UK Bank plc. The bank will not agree to a transfer of equity subject to our existing standard security and as such, will not be a signatory to the conveyance. You must not send us a copy of the conveyance, which should be signed by the transferors and transferees only. |
| HSMS | No |
| Intelligent Finance | No |
| ITL Mortgages | No |
| Kensington Mortgage Company Ltd | No |
| Landbay Partners Limited | We currently do not permit deeds of variation |
| Landmark Mortgages Limited | No. |
| Leeds Building Society | No. |
| Legal & General Home Finance Ltd | No |
| LendInvest | No |
| LiveMore Capital | No |
| Lloyds Bank plc pre fixed 40 | Yes, request from branch - L1(s). |
| Lloyds Bank plc pre fixed 50 | Yes, request from branch - L1(s) |
| Lloyds TSB Scotland plc | No |
| M&S Bank | no |
| Magellan Homeloans | No |
| Masthaven Bank | No. |
| Metro Bank Plc | No. |
| Mortgage Agency Services | No |
| Mortgage Express | No |
| Mortgage Express No 2 | No |
| National Westminster Bank plc |
No. The Lender requires a reconstitution of the security in Transfer of Equity cases. |
| Nationwide Building Society | No |
| Nedbank Private Wealth Ltd | Please refer to us if needed. |
| New Street Mortgages |
No, to be drafted by you and sent to us for approval |
| NRAM Ltd | No |
| Paragon Buy to Let Mortgages | No. |
| Platform (a trading name of The Co-operative Bank p.l.c.) | No |
| Precise Mortgages (Charter Court Financial Services Ltd) | No. |
| Rooftop Mortgages Ltd | No |
| Sainsbury's Bank | No. |
| Santander UK plc |
No, but we have a preferred style. Please contact the Mortgage Operations office instructing you. |
| Scottish Building Society | No |
| Scottish Widows Bank | No - However we require a fresh Standard Security to be granted by the new Borrower(s) |
| Skipton Building Society | No |
| St James Place Bank | No |
| The Mortgage Business | No |
| The Mortgage Lender Limited | No, to be drafted by you and sent to us for approval. |
| The Mortgage Works | No |
| The Royal Bank of Scotland plc |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| The Royal Bank of Scotland plc Direct Line Mortgages |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| The Royal Bank of Scotland plc Direct Line One |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| The Royal Bank of Scotland plc First Active |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| The Royal Bank of Scotland plc Natwest one Account |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| The Royal Bank of Scotland plc One Account |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| The Royal Bank of Scotland plc Virgin One |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| Topaz Finance Ltd | No |
| TSB Bank plc | No |
| UCB Home Loans Corporation Ltd | Yes |
| Ulster Bank |
No. The Bank requires a reconstitution of the security in Transfer of Equity cases. |
| Vida Homeloans | Yes |
| Virgin Money | No, but we'll provide you with our written instructions. Our consent to the variation will be required. |
| Whistletree (a trading name of TSB Bank plc) | No |
| Yorkshire Bank Home Loans Ltd | No |
| Yorkshire Building Society |
Yes, for use where there is a change in the parties to the original Standard Security. |