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Question: 5.9.1. If different from 1.11, contact point if borrower is not providing balance of purchase price from own funds /proposing to give second charge.
| Lender | Answer |
|---|---|
| Accord Buy to Let |
As 1.11a |
| Accord Mortgages Ltd | As 1.11a |
| Adam & Company |
As detailed above in 1.11a |
| Adam & Company International |
As detailed above in 1.11a |
| Aldermore Bank PLC |
As 1.11, if the borrower is not providing the deposit, or we have not detailed it in the Mortgage Offer conditions. The Mortgage Offer will include a condition where we are aware of a gifted deposit, requiring completion of our standard Family Gifted Deposit declaration form prior to submission of your COT. Gifted deposits are acceptable from close relatives (defined as a parent, child, grandparent, brother, sister, uncle/aunt, foster parent or legal guardian, including step relatives), providing the gift is non-repayable and that no interest will be claimed in the property. We do not consent to second charges. |
| 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 |
We do not require you to report a gifted deposit subject to you being satisfied that the following conditions are met: The property is being purchased to live in and will not be let. The gift is from an immediate family member(s), who confirms it is not repayable. Gifts from unrelated third parties, including friends and employers are not acceptable. The family member(s) must be related to one of the borrower(s) by any of the following (see also the definition in Part 1, paragraph 1.13); • birth/blood relative • spouse or civil partner, child, step children, adopted children and in-laws • A co-habitee A Deed of Trust or Second Charge to protect the gifted deposit is not acceptable. You must continue to report a gifted deposit from a family member who is also the Vendor. Note we do not accept family gifted deposits in Buy to Let transactions where the Vendor is a family member. Where a gifted deposit is acceptable you must obtain and retain on your file a letter, addressed to you, signed by each individual family member(s) gifting the deposit which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrowers(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and the family member(s) providing the gift will not acquire an interest in the property • The letter must be dated within 3 months of completion You must ensure clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. You should report any other circumstances where the balance of the purchase price is not being provided in accordance with Part 1 and in doing so must wait for our written instructions prior to proceeding. Please write to our Customer Services Centre (see offer for address and fax number). |
| Bank of Scotland Beginning O |
We do not require you to report a gifted deposit subject to you being satisfied that the following conditions are met: The property is being purchased to live in and will not be let. The gift is from an immediate family member(s), who confirms it is not repayable. Gifts from unrelated third parties, including friends and employers are not acceptable. The family member(s) must be related to one of the borrower(s) by any of the following (see also the definition in Part 1, paragraph 1.13); • birth/blood relative • spouse or civil partner, child, step children, adopted children and in-laws • A co-habitee A Deed of Trust or Second Charge to protect the gifted deposit is not acceptable. You must continue to report a gifted deposit from a family member who is also the Vendor. Note we do not accept family gifted deposits in Buy to Let transactions where the Vendor is a family member. Where a gifted deposit is acceptable you must obtain and retain on your file a letter, addressed to you, signed by each individual family member(s) gifting the deposit which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrowers(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and the family member(s) providing the gift will not acquire an interest in the property • The letter must be dated within 3 months of completion You must ensure clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. You should report any other circumstances where the balance of the purchase price is not being provided in accordance with Part 1 and in doing so must wait for our written instructions prior to proceeding. Please write to our Customer Services Centre (see offer for address and fax number). |
| Barclays Bank UK PLC |
We do not require you to report a gifted deposit to us provided: (i) it is an unconditional gift and is not repayable or secured by a legal charge and the gift or is not claiming any interest in the property; (ii) it is being provided by a family member; and (iii) you have confirmed the source of the funds We do require you to report to us where source of deposit is identified as being a crypto-asset (whether or not converted to fiat currency). Crypto-assets can include “cryptocurrencies” (such as Bitcoin), utility tokens (unregulated Crypto-assets usually issued as part of an ICO/ITO) asset tokens including “stable coins” (asset-backed coins with a value pegged to a physical asset of some kind) and security tokens. |
| Birmingham Midshires |
You should report any circumstances where the balance of the purchase price is not being provided in accordance with Part 1 and in doing so must wait for our written instructions prior to proceeding. Please write to our Customer Services Centre (see offer for address and fax number). Gifted deposits are only acceptable where all the following apply; The gift is from an immediate family member(s), who confirms it is not repayable. Gifts from unrelated third parties, including friends and employers are not acceptable. The family member(s) must be related to one of the borrower(s) by any of the following (see also the definition in Part 1, paragraph 1.13); • birth/blood relative • spouse or civil partner, child, step children, adopted children and in-laws • A co-habitee A Deed of Trust or Second Charge to protect the gifted deposit is not acceptable. Note we do not accept family gifted deposits in Buy to Let transactions where the Vendor is a family member. When reporting a gifted deposit ensure your letter confirms the gift complies with our requirements. Where a gifted deposit is acceptable you must obtain and retain on your file a letter, addressed to you, signed by each individual family member(s) gifting the deposit which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrowers(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and the family member(s) providing the gift will not acquire an interest in the property • The letter must be dated within 3 months of completion You must ensure clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. |
| Bluestone Mortgages | As per 1.11. |
| Bradford & Bingley Limited |
As 1.11a. We will require full details of where the funds are coming from, we do not accept any other party having an interest in the property any gift must be unconditional, for love and affection and be non repayable. |
| 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) | As 1.11a. |
| 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 |
New Lending Department, Oakfield House, PO Box 600, Binley, Coventry, CV3 9YR |
| 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 |
Contact Point as 1.11 You must report any circumstances where the balance of the purchase price is not being provided in accordance with Part 1 and in doing so must wait for our written instructions prior to proceeding. We do not accept deposits sourced from unsecured credit facilities or personal borrowing We do not require you to report a deposit gifted by a family member (unless the donor is also the Vendor) provided that you are satisfied that the following conditions are met The gift must be from a family member(s), who confirms it is unconditional and not repayable. A family member is considered to be a close relation defined as a spouse, domestic partner, grandparent, parent sibling, half sibling, aunt, uncle, cousin, in law relation or step relation. Gifts from third parties, including friends and employers are not acceptable. The family member(s) must be related to one of the borrower(s). Where a gifted deposit meets the above conditions and a Declaration of Trust is not being made, you must obtain and retain on your file a letter, addressed to you, signed by each donor which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrowers(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and is an unconditional gift, and the donor(s) providing the gift will not acquire an interest in the property • The letter must be obtained prior to completion and dated no more than 3 months of this date. Where a Declaration of Trust is being made, this must be drafted in accordance with section 19 of our Mortgage Lending Instructions and Guidance Notes for England & Wales, Scotland & Northern Ireland which are located on Legal instructions for moving home | first direct – please ensure that you download the Guidance Notes and refer to the relevant section when drafting the Declaration of Trust. You must send us a copy of the draft deed at least 10 working days prior to completion for approval. You must not proceed without such approval. Sole legal proprietor – it is not acceptable for a sole legal proprietor to enter into a Declaration of Trust. In addition to your usual searches, you must ensure clear bankruptcy searches are obtained against all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. |
| Foundation Home Loans |
We do not require you to report a gifted deposit where you are satisfied that the following conditions are met: The gift is from an immediate family member(s), who confirms it is not repayable. For avoidance of doubt an immediate family member should be: • Parents (including step parents and in-laws); • Grandparents; • Grandchildren; • Siblings (including step siblings); • Children; • Spouses; • Civil Partners; • Uncles and Aunts. A Deed of Trust or Second Charge to protect the gifted deposit is not acceptable. Written confirmation that the gift is not repayable must be obtained from all parties and retained on your file . Clear bankruptcy searches must be obtained against each party. Gifted deposits from outside the UK should be referred to us for consideration. You should report any other circumstance where the balance of purchase price is not being provided in accordance with Part 1. 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 |
New Lending Department, Oakfield House, PO Box 600, Binley, Coventry, CV3 9YR |
| Halifax |
We do not require you to report a gifted deposit subject to you being satisfied that the following conditions are met: The property is being purchased to live in and will not be let. The gift is from an immediate family member(s), who confirms it is not repayable. Gifts from unrelated third parties, including friends and employers are not acceptable. The family member(s) must be related to one of the borrower(s) by any of the following (see also the definition in Part 1, paragraph 1.13); • birth/blood relative • spouse or civil partner, child, step children, adopted children and in-laws • A co-habitee A Deed of Trust or Second Charge to protect the gifted deposit is not acceptable. You must continue to report a gifted deposit from a family member who is also the Vendor. Note we do not accept family gifted deposits in Buy to Let transactions where the Vendor is a family member. Where a gifted deposit is acceptable you must obtain and retain on your file a letter, addressed to you, signed by each individual family member(s) gifting the deposit which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrowers(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and the family member(s) providing the gift will not acquire an interest in the property • The letter must be dated within 3 months of completion You must ensure clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. You should report any other circumstances where the balance of the purchase price is not being provided in accordance with Part 1 and in doing so must wait for our written instructions prior to proceeding. Please write to our Customer Services Centre (see offer for address and fax number). |
| Halifax Loans Ltd |
HLL as of 1.11a. |
| Hampden & Co. plc | See 1.11 |
| Handelsbanken | Refer to Branch office instructing you. |
| Hodge |
We do not require you to report a gifted deposit subject to you being satisfied that the following conditions are met: The gift is from a family member(s), who confirms it is not repayable. You must report a gifted deposit from a family member who is also the Vendor. Gifts from unrelated third parties, including friends and employers are not acceptable. A family member is defined as; • spouse, mother, father, brother, sister, child, grandparent, grandchild or legal guardian Where a gifted deposit is acceptable you must obtain, and retain, on your file a letter, addressed to you, from the “giftor(s)” which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrower(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and the family member(s) providing the gift will not acquire an interest in the property. You must ensure clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. You should continue to report any other circumstance where the balance of the purchase price is not being provided in accordance with part 1 and in doing so must wait for our written instructions prior to proceeding. Please report to us as at 1.11a |
| Hodge Equity Release |
We do not require you to report a gifted deposit subject to you being satisfied that the following conditions are met: The gift is from a family member(s), who confirms it is not repayable. You must report a gifted deposit from a family member who is also the Vendor. Gifts from unrelated third parties, including friends and employers are not acceptable. A family member is defined as; • spouse, mother, father, brother, sister, child, grandparent, grandchild or legal guardian Where a gifted deposit is acceptable you must obtain, and retain, on your file a letter, addressed to you, from the “giftor(s)” which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrower(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and the family member(s) providing the gift will not acquire an interest in the property. You must ensure clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. You should continue to report any other circumstance where the balance of the purchase price is not being provided in accordance with part 1 and in doing so must wait for our written instructions prior to proceeding. Please report to us as at 1.11a |
| HSBC UK Bank plc |
Contact Point as 1.11 You must report any circumstances where the balance of the purchase price is not being provided in accordance with Part 1 and in doing so must wait for our written instructions prior to proceeding. We do not accept deposits sourced from unsecured credit facilities or personal borrowing We do not require you to report a deposit gifted by a family member (unless the donor is also the Vendor) provided that you are satisfied that the following conditions are met The gift must be from a family member(s), who confirms it is unconditional and not repayable. A family member is considered to be a close relation defined as a spouse, domestic partner, grandparent, parent sibling, half sibling, aunt, uncle, cousin, in law relation or step relation. Gifts from third parties, including friends and employers are not acceptable. The family member(s) must be related to one of the borrower(s). Where a gifted deposit meets the above conditions and a Declaration of Trust is not being made, you must obtain and retain on your file a letter, addressed to you, signed by each donor which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrowers(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and is an unconditional gift, and the donor(s) providing the gift will not acquire an interest in the property • The letter must be obtained prior to completion and dated no more than 3 months of this date. Where a Declaration of Trust is being made, this must be drafted in accordance with section 19 of our Mortgage Lending Instructions and Guidance Notes for England & Wales, Scotland & Northern Ireland which are located on LMS Conveyancer Zone – please ensure that you download the Guidance Notes and refer to the relevant section when drafting the Declaration of Trust. You must send us a copy of the draft deed at least 10 working days prior to completion for approval. You must not proceed without such approval. Sole legal proprietor – it is not acceptable for a sole legal proprietor to enter into a Declaration of Trust. In addition to your usual searches, you must ensure clear bankruptcy searches are obtained against all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. |
| HSMS | Yes |
| Intelligent Finance | As at 1.11a |
| ITL Mortgages |
New Lending Department, Oakfield House, PO Box 600, Binley, Coventry, CV3 9YR |
| Kensington Mortgage Company Ltd | As 1.11a |
| Landbay Partners Limited | See 1.11a legals@landbay.co.uk |
| Landmark Mortgages Limited |
Porting Team Landmark Mortgages PO Box 656 Durham DH1 9LY OR Landmark Mortgages DX 727483, Sunderland 13 Tel: 0330 159 7172 |
| Leeds Building Society |
Mortgage Lending Department (as per 1.11a). Gifted deposits will only be considered where the gift is from a family member. Gifted deposits are not acceptable for Buy to Let properties or Limited Company Buy to let properties. If the balance of the purchase price is being paid in whole or in part by anyone other than the borrower, you must: • provide us with a declaration of the amount; • obtain confirmation that such amount is not repayable and that the party providing this amount will not acquire an interest in the property; and • ensure that clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You only need to notify us where you are unable to obtain clear bankruptcy searches. The person who is gifting the deposit must be a UK resident, living in the UK and the funds must be held in a UK bank or building society account. For Limited Company Buy to Let, we will accept the balance of the purchase price from any director or shareholder of the borrower company. Director/shareholder loans are acceptable for Limited Company Buy to Let. |
| Legal & General Home Finance Ltd | Please note, subsequent charges are not permitted. You must report to us where the balance of the purchase monies are not being provided by the borrower. If we are prepared to proceed where the balance of the purchase monies are being provided by way of a gifted deposit you must ensure that a deed of gift is obtained which verifies the amount of the gift and that the amount being provided to the borrower is a gift and the donor accepts they are not obtaining any interest in the property and are not entitled to be repaid. You must also ensure that clear bankruptcy searches (or equivalent) are obtained against the borrower and all parties contributing to the balance of the purchase price. |
| LendInvest | See 1.11a. We will not consent to any second charge. |
| LiveMore Capital | As 1.11a |
| Lloyds Bank plc pre fixed 40 |
We do not require you to report a gifted deposit subject to you being satisfied that the following conditions are met: The property is being purchased to live in and will not be let. The gift is from an immediate family member(s), who confirms it is not repayable. Gifts from unrelated third parties, including friends and employers are not acceptable. The family member(s) must be related to one of the borrower(s) by any of the following (see also the definition in Part 1, paragraph 1.13); • birth/blood relative • spouse or civil partner, child, step children, adopted children and in-laws • A co-habitee A Deed of Trust or Second Charge to protect the gifted deposit is not acceptable. You must continue to report a gifted deposit from a family member who is also the Vendor. Note we do not accept family gifted deposits in Buy to Let transactions where the Vendor is a family member. Where a gifted deposit is acceptable you must obtain and retain on your file a letter, addressed to you, signed by each individual family member(s) gifting the deposit which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrowers(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and the family member(s) providing the gift will not acquire an interest in the property • The letter must be dated within 3 months of completion You must ensure clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. You should report any other circumstances where the balance of the purchase price is not being provided in accordance with Part 1 and in doing so must wait for our written instructions prior to proceeding. Please write to our Customer Services Centre (see offer for address and fax number). |
| Lloyds Bank plc pre fixed 50 |
We do not require you to report a gifted deposit subject to you being satisfied that the following conditions are met: The property is being purchased to live in and will not be let. The gift is from an immediate family member(s), who confirms it is not repayable. Gifts from unrelated third parties, including friends and employers are not acceptable. The family member(s) must be related to one of the borrower(s) by any of the following (see also the definition in Part 1, paragraph 1.13); • birth/blood relative • spouse or civil partner, child, step children, adopted children and in-laws • A co-habitee A Deed of Trust or Second Charge to protect the gifted deposit is not acceptable. You must continue to report a gifted deposit from a family member who is also the Vendor. Note we do not accept family gifted deposits in Buy to Let transactions where the Vendor is a family member. Where a gifted deposit is acceptable you must obtain and retain on your file a letter, addressed to you, signed by each individual family member(s) gifting the deposit which confirms the following information; • The name and address of the family member gifting the deposit • Their relationship to the borrowers(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and the family member(s) providing the gift will not acquire an interest in the property • The letter must be dated within 3 months of completion You must ensure clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. You should report any other circumstances where the balance of the purchase price is not being provided in accordance with Part 1 and in doing so must wait for our written instructions prior to proceeding. Please write to our Customer Services Centre (see offer for address and fax number). |
| Lloyds TSB Scotland plc |
Mortgage Processing (see 1.11a) |
| M&S Bank |
Where the deposit has been gifted by a third party, then you must obtain a letter from the donor to confirm the following: a) the deposit is a non-refundable AND an unconditional gift b) AND that no interest is claimed or will be claimed in the property. Where this written confirmation cannot be obtained, a Letter of Consent will be required. We will require prior to completion either: 1) a copy of the letter from the donor or 2) confirmation that the Letter of Consent has been signed |
| Magellan Homeloans |
The property is being purchased to live in and will not be let. The gift is from an immediate family member(s), who confirms it is not repayable. Gifts from unrelated third parties, including friends and employers are not acceptable. The family member(s) must be related to one of the borrower(s) by any of the following (see also the definition in Part 1, paragraph 1.13); • birth/blood relative • spouse or civil partner, child, step children, adopted children and in-laws • co-habitee A Deed of Trust or Second Charge to protect the gifted deposit is not acceptable. |
| Masthaven Bank |
As per 1.11. Where the deposit is being gifted by a third party, you must obtain a Gifted Deposit Declaration in our standard form from the donor(s) to confirm the deposit is non-refundable, an unconditional gift, and that no interest is claimed or will be claimed in the property. You must also confirm the source of funds. You must ensure clear bankruptcy searches are obtained against the borrower and all parties contributing to the balance of the purchase price, and you must notify us if you cannot obtain clear searches. |
| Metro Bank Plc |
If you become aware that the borrower is not providing the balance of the purchase price from their own personal funds you must report this to us. If any of the deposit is a gift, this must be from a close family member (parents, grandparents, children, grandchildren, siblings and mother/ father/ brother/ sister/ son/ daughter in law. Adopted, half, and step family members are also included in the definition) who confirms: - The gift does not need to be paid back - They will not own any part of or hold any financial interest in the property - If they intend to reside in the mortgaged property, they agree to sign a Declaration by Occupier form (available to download from the Smoove portal) prior to the mortgage completing - They understand that they may be asked for further proof of ID and/or information about the source of this gifted deposit - They understand the importance of seeking independent legal advice and they are comfortable they have had enough time to consider this and obtain the advice if they choose to. If we are aware of a gifted deposit, the mortgage offer will include a condition confirming part of the deposit is from a gift. We will require confirmation of the following for review and approval by us prior to completion: 1. The amount of the gift 2. The donor and their relationship to the applicant 3. Source of funds e.g. savings 4. Accrual of funds e.g. income from employment Please email this information to mortgagecompletions@metrobank.plc.uk |
| Mortgage Agency Services |
Mortgage Agency Services PO Box 138 Plymouth Devon PL1 1XY |
| Mortgage Express |
As 1.11a We will require full details of where the funds are coming from, we do not accept any other party having an interest in the property any gift must be unconditional, for love and affection and be non repayable. |
| Mortgage Express No 2 |
As 1.11a |
| National Westminster Bank plc |
As 1.11a If the customer is receiving a gift from a third party (not sellers/vendors) we confirm we are happy to proceed without a further request from you provided that the gift is unconditional, bears no interest, is not repayable and the giftor will have no interest in the property. We accept second charges to protect the giftors interest provided we have a fully enforceable first legal charge (with a deed of postponement in place if applicable) and there are no repayments relating to the second charge. Again, no additional request is required from you in this instance. We confirm that no additional borrowing will be granted without prior consent from the second charge holder. Please kindly report any repayments. |
| Nationwide Building Society |
Issuing Office If the balance of the purchase price is being paid wholly or in part by anyone other than the borrower, you must advise us of the amount and whether it is to be secured by a second charge and if any conditions are attached to it other than repayment upon sale of property. Please also confirm whether the provider is a family member of our borrower(s). If all or part of the deposit is coming from a gift, you must ask the borrower(s) who will be providing the gift and what country the gift is being received from. If any of the gift is coming from a foreign country, you must inform us. We require you to report to us where source of deposit is identified as being a crypto-asset (whether or not converted to fiat currency). Crypto-assets can include “cryptocurrencies” (such as Bitcoin), utility tokens (unregulated Crypto-assets usually issued as part of an ICO/ITO) asset tokens including “stable coins” (asset-backed coins with a value pegged to a physical asset of some kind) and security tokens. |
| Nedbank Private Wealth Ltd | Please refer to us for instructions. |
| 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 | As 1.11a |
| Paragon Buy to Let Mortgages |
As 1.11a. We do not consent to second charges. The balance of the purchase price must pass through your client account. |
| 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 |
| Sainsbury's Bank | Contact point as detailed in 1.11a. |
| Santander UK plc |
Refer to Mortgage Operations office instructing you - subject to any overriding terms of the mortgage offer. |
| Scottish Building Society | |
| Scottish Widows Bank |
We do not require you to report a gifted deposit subject to you being satisfied that the following conditions are met: The gift is from an immediate family member(s), who confirms it is not repayable. Gifts from unrelated third parties, including friends and employers are not acceptable. You must report a gifted deposit from a family member who is also the Vendor. We do not accept family gifted deposits in Buy to Let transactions where the Vendor is a family member The family member(s) must be related to one of the borrower(s) by any of the following (see also the definition in Part 1 , paragraph 1.13); • birth/blood relative • spouse or civil partner, child, step children, adopted children and in-laws • A co-habitee A Deed of Trust or Second Charge to protect the gifted deposit is not acceptable. Where a gifted deposit is acceptable you must obtain and retain on your file a letter, addressed to you, from each individual family member(s) gifting the deposit which confirms the following information; • The name address of the family member gifting the deposit • Their relationship to the borrowers(s) • The name and current address of the borrower(s) • The address of the property being purchased • The amount being gifted and the source of the funds • That the gift is not repayable and the family member(s) providing the gift will not acquire an interest in the property. You must ensure clear bankruptcy searches are carried out against the borrower and all parties contributing to the balance of the purchase price. You must notify us if you cannot obtain clear searches. You should continue to report any other circumstance where the balance of the purchase price is not being provided in accordance with part 1 and in doing so must wait for our written instructions prior to proceeding. Please write to our Customer Services Centre (see offer for address and fax number). |
| Skipton Building Society |
(i) Completions Team via LMS Secure Link (ii) Commercial Servicing Team |
| St James Place Bank | Mortgage Administration, St. James's Place Bank, Administration Centre, PO Box 1869, Livingston EH54 7XS. |
| The Mortgage Business |
The Mortgage Business PO Box 548, Leeds LS1 1WU Fax no. 08456039009 |
| The Mortgage Lender Limited |
completions@themortgagelender.com Tel: 0344 257 0426 This must be referred to us on a case by case basis. |
| The Mortgage Works |
Originations We require you to report to us where source of deposit is identified as being a crypto-asset (whether or not converted to fiat currency). Crypto-assets can include “cryptocurrencies” (such as Bitcoin), utility tokens (unregulated Crypto-assets usually issued as part of an ICO/ITO) asset tokens including “stable coins” (asset-backed coins with a value pegged to a physical asset of some kind) and security tokens. |
| The Royal Bank of Scotland plc |
As 1.11a If the customer is receiving a gift from a third party (not sellers/vendors) we confirm we are happy to proceed without a further request from you provided that the gift is unconditional, bears no interest, is not repayable and the giftor will have no interest in the property. We accept second charges to protect the giftors interest provided we have a fully enforceable first legal charge (with a deed of postponement in place if applicable) and there are no repayments relating to the second charge. Again, no additional request is required from you in this instance. We confirm that no additional borrowing will be granted without prior consent from the second charge holder. Please kindly report any repayments. |
| The Royal Bank of Scotland plc Direct Line Mortgages |
As detailed above in 1.11a. |
| The Royal Bank of Scotland plc Direct Line One | Yes |
| The Royal Bank of Scotland plc First Active |
As detailed above in 1.11a. |
| The Royal Bank of Scotland plc Natwest one Account |
As detailed above in 1.11a. |
| The Royal Bank of Scotland plc One Account |
As detailed above in 1.11a. |
| The Royal Bank of Scotland plc Virgin One |
As detailed above in 1.11a. |
| 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 1.11a If the customer is receiving a gift from a third party (not sellers/vendors) we confirm we are happy to proceed without a further request from you provided that the gift is unconditional, bears no interest, is not repayable and the giftor will have no interest in the property. We accept second charges to protect the giftors interest provided we have a fully enforceable first legal charge (with a deed of postponement in place if applicable) and there are no repayments relating to the second charge. Again, no additional request is required from you in this instance. We confirm that no additional borrowing will be granted without prior consent from the second charge holder. Please kindly report any repayments. |
| Vida Homeloans | As 1.11a |
| Virgin Money |
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 | As 1.11a. |