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Question: 5.19.1. If different from 1.11, contact point for lending on affordable housing, shared equity and shared ownership and where relevant your requirements:

Lender Answer
Accord Buy to Let We do not lend where the transaction involves affordable housing, key worker, shared equity or shared ownership.
Accord Mortgages Ltd We do not lend where the
transaction involves either a
shared equity scheme (other than Government Help to Buy equity loan provided through Homes England or Help to Buy (Wales) Limited) or shared
ownership of the property.
Adam & Company See 1.11
Adam & Company International See 1.11

Ahli United Bank (UK) plc We will not lend on either shared ownershio or shared equity tenures
Aldermore Bank PLC The only acceptable scheme is Help to Buy: equity loan.
Allied Irish Bank (GB), a trading name of AIB Group (UK) Refer to AIB Group (UK) plc, Central Securities (GB)
Atom Bank plc As set out in 1.11.
Aviva Equity Release UK Ltd We do not lend on the above.
Bank of Ireland (UK) plc We don't lend on a shared ownership basis. Affordable housing and shared equity schemes will be considered if details are provided. Please see the front page of the Offer for the contact details.
Bank of Ireland as Bank of Ireland Mortgages We don't lend on a shared ownership basis. Affordable housing and shared equity schemes will be considered if details are provided. Please see the front page of the Offer for the contact details.
Bank of Scotland Beginning A We do not support shared ownership or shared equity lending.
Bank of Scotland Beginning O We do not support lending on Shared Ownership or Shared Equity cases.
Barclays Bank UK PLC Issuing Office
We will lend on both shared ownership and shared equity tenures.

For shared ownership leases, the borrower must be acquiring at least a 25% share and the lease must be in the Housing Corporation standard form which includes a mortgagee protection clause. The RSL's consent to our charge should be obtained in the usual way.

For shared equity, you should satisfy yourself that the second charge, and in particular the insurance provisions, does not prejudice our security in any way. If the second charge contains a restriction please refer to the Issuing Office.

For further information please refer to the Barclays Shared Equity and Shared Ownership Guide June 2018 at

https://www.cml.org.uk/documents/barclays-shared-equity-and-shared-ownership-guide-june-2018
Barnsley Building Soc, a trading name Yorkshire Building Soc We do not lend where the transaction involves either a shared equity scheme or shared ownership of the property.
Birmingham Midshires We do not support this lending.
Bluestone Mortgages As per 1.11.
Bradford & Bingley Plc We do not lend in these circumstances.
Britannia, a trading name of The Co-operative Bank plc Britannia New Lending Britannia House Leek Staffordshire Moorlands ST13 5RG or Britannia New Lending DX 16351 Leek. Telephone and Fax numbers as shown on the letter enclosing the Offer of Advance
Buckinghamshire Building Society Buckinghamshire Building Society, High Street,
Chalfont St Giles, Bucks,
HP8 4QB
e-mail mortgages@bucksbs.co.uk
Tel: 01494 879517
Fax: 01494 877259
Capital Home Loans Customer Services, Capital Home Loans Ltd, Admiral House, Harlington Way, Fleet, Hants, GU51 4YA
Chelsea Building Society (a trading name of Yorkshire BS) We do not lend where the transaction involves either a shared equity scheme or shared ownership of the property.
Clydesdale Bank plc Mortgage Services
PO BOX 3105
Clydebank
Glasgow
G60 9AU
Tel - 0800 121 4203
Co-operative Bank plc The Co-operative Bank New Lending, Britannia House, Leek, Staffordshire Moorlands ST13 5RG or The Co-operative Bank New Lending DX16351 LEEK.
Tel No: 08000 288 288
Coutts See 1.11
Coutts Finance Co See 1.11
Coventry Building Society CBS does not lend in any of these circumstances.
Cynergy Bank As per 1.11.a
Darlington Building Society Commercial Lending Department, Principal Office
DB UK Bank Ltd db mortgages
PO Box 890
Newport
NP20 9LZ
Tel: 0845 650 6281
DX Address - not available
Dudley Building Society As 1.11a
Earl Shilton Building Society Refer to Mortgage Dept at Head Office - Earl Shilton 01455 844 422
Ecology Building Society As 1.7
Family Building Soc (a trading name of National Counties BS) We do not lend on such schemes.
Fleet Mortgages Not applicable. We will not lend on properties to which this section applies.
Foundation Home Loans No.
Furness Building Society As 1.11a
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Godiva Mortgages Ltd GML does not lend in any of these circumstances.
Habito We do not lend on these propositions - use the contact details in 1.11 to advise us should this be the case.
Halifax For contact, see the mortgage offer for address and fax number.

If the property is being purchased under an Affordable Housing scheme, our requirements are covered in the Affordable Housing Guidance Notes for Conveyancers. These have been amended with effect from 14th April 2014, and those issued with our mortgage offers will be updated in due course.

In the meantime, our updated requirements can be found by copying and pasting the following link http://www.cml.org.uk/cml/filegrab/?ref=8964 into your browser.
Halifax Loans Ltd Halifax Loans Limited, Trinity Road, Halifax, HX1 2RG
Hampden & Co. plc See 1.11
Handelsbanken Refer to Branch office instructing you.
Harpenden Building Society As 1.11a
Hinckley and Rugby Building Society Principal Office, Mortgage Department, Advances Section.
Hodge Equity Release We do not lend where the transaction involves affordable housing, shared equity or shared ownership.
Hodge Life We do not lend where the transaction involves affordable housing, shared equity or shared ownership.
Holmesdale Building Society Refer to lender.
HSBC UK Bank plc Schemes acceptable to the Bank are:

a) Shared ownership including New Build Homebuy (NBHB) and First Time Buyer Initiative (FTBI)

Schemes currently unacceptable to Bank are:

a) Shared Equity Schemes
b) Open Market Homebuy
c) Discount for Sale
d) Properties for sale at a discount
e) Any scheme where the Housing Association requires a 2nd charge

Shared Ownership Lease Requirements
You must check the suitability of the lease for our purposes and, in particular, the protection it affords to us as mortgagee. You must advise us immediately where the lease is not suitable. Without prejudice to the foregoing, we have the following additional requirements:

• A suitable mortgagee protection clause. Please refer to the model leases on the gov.uk website for examples of acceptable clauses -
https://www.gov.uk/guidance/capital-funding-guide/1- + help-to-buy-shared-ownership
• stair casing provisions must enable the borrower to purchase further shares and eventually, 100% of the freehold, if required.
• Mutually enforceable covenants (if the property is a flat or maisonette).

We will rely on you to ensure that the lease is suitable for our security purposes and follows the form of the appropriate Model Lease available from the gov.uk website subject to your ensuring that the mortgagee protection clause includes:

(1) a minimum of 18 months’ interest from the date of enforcement: and

(2) the minimum requirement for costs and fees in enforcing the security is 3% of the Market Value at time of enforcement.

If the lease does not meet all of the Bank’s requirements but does contain a mortgagee protection clause which meets the Bank’s requirements, the Bank will be happy to proceed provided that you are able to advise that, in your professional opinion, the lease will be a good and sufficient security for the Bank’s mortgage debt and that you are able to submit an unqualified Certificate of Title.

If you believe that the security would be adversely affected, you must advise the Bank of the risks and of any action that could be taken to mitigate these and, if so, to what extent.

If there is an action that could be taken, the Bank will rely upon your professional judgment to ensure a good and sufficient security is obtained.

Stair Casing Provisions

The Bank must be able to exercise the stair casing rights and acquire the long lease or freehold without having to become the tenant.

Surrendering the Lease

If the lease is to be surrendered back to the social landlord in lieu of assignment, the surrender must be for the current market value of the share.
Intelligent Finance We do not lend on these cases.
Investec Bank plc We do not lend in these circumstances.
ITL Mortgages ITL Mortgages Limited does not lend in any of these circumstances.
JPMorgan Chase Bank, N.A. We do not lend in these circumstances.
Kensington Mortgage Company Ltd Kensington does not lend in these circumstances.
Kent Reliance (a trading name of OneSavings Bank plc)  
Keystone Property Finance We do not support lending on these types of properties
Landbay Note that Landbay does not lend on these types of properties.
Landmark Mortgages Limited This is outside of our general lending policy but if you consider that the transaction does fall into this category you should contact:
New Mortgage Completions
Landmark Mortgages
PO Box 656
Durham
DH1 9LY

Tel - 0330 159 7152
Leeds Building Society If the property is being purchased as part of a Shared Ownership Scheme/Shared Equity Loan Scheme at a discount or is subject to Section 106 restrictions you must comply with the Society’s Solicitors Instructions (requirements in respect of Shared Ownership Schemes/Shared Equity Loan Schemes/Section 106 Requirements/properties purchased at a discount) which can be located on the Society’s website at:

http://www.leedsbuildingsociety.co.uk/_resources/pdfs/intermediaries-pdfs/intermediaries-forms-pdfs/shared_owner_england_wales.pdf

You must also ensure that the documents listed in 14.2.2 are uploaded to the LMS system S.T.A.R.S after completion.
Legal & General Home Finance Ltd We do not lend on any properties where there is a shared ownership or similar arrangement.
LendInvest Not applicable. We will not lend on properties to which this section applies
Lloyds Bank plc pre fixed 20/40 For contact, see the mortgage offer for address and fax number.

If the property is being purchased under an Affordable Housing scheme, our requirements are covered in the Affordable Housing Guidance Notes for Conveyancers. These have been amended with effect from 14th April 2014, and those issued with our mortgage offers will be updated in due course.

In the meantime, our updated requirements can be found by copying and pasting the following link http://www.cml.org.uk/cml/filegrab/?ref=8965 into your browser.
Lloyds Bank plc pre fixed 50/30/77 Mortgage Processing. Please see 1.11a
Lloyds TSB Scotland plc Mortgage Processing. Please see 1.11a
M&S Bank M&S Bank, PO Box 12, Skipton, BD23 2HL. Telephone Number 0345 002 1128 Fax 0345 111 0322
Magellan Homeloans We do not lend in these circumstances
Manchester Building Society Underwriting Department.
Market Harborough Building Society As per 1.7
Masthaven Bank As per 1.11.
Metro Bank plc We do not lend on the above.
Molo Finance Buy to Let Mortgages N/A. We do not lend where the transaction involves affordable housing, key worker, shared equity or shared ownership, even where 100% staircasing has taken place.
Monmouthshire Building Society Lending Operations Department
Monmouthshire Building Society
Monmouthshire House
John Frost Square
Newport
NP20 1PX
Mortgage Agency Services N/a
Mortgage Express We do not lend in these circumstances
Mortgage Express No 2  
National Counties Building Society We do not lend on such schemes.
National Westminster Bank plc We do not lend on shared ownership properties other than in circumstances where the transaction in question will result in the borrower owning 100% of the property at completion.

For shared equity and affordable housing you need to notify us (as detailed above in 1.11a) giving details of the proposal.
Nationwide Building Society Our standard requirements are document on our website at nationwide.co.uk/-/media/MainSite/documents/about/media-centre-and-specialist-areas/information-for-lawyers/low-cost-home-ownership-special-schemes.pdf. Please advise us if the restriction does not meet our requirements as the case will not be able to proceed.

Additional enquiries arising should be directed to the Issuing Office.
Nedbank Private Wealth Ltd You must refer to us - we do not lend in situations where a third party will also be taking a share in or a charge over the title.
New Street Mortgages N/A. New Street will not lend in these circumstances
NRAM Ltd This is outside of our general lending policy but if you consider that the transaction does fall into the category you should contact us by using the details in 11.1a
Paragon Buy to Let Mortgages N/A. We do not lend on these. We also do not lend on properties that were formerly shared ownership, even where 100% staircasing has taken place.
Paragon Residential Owner-Occupied Mortgages As 1.11a.
Paratus AMC Ltd We do not support lending on these types of properties.
Parity Trust As 1.7
Pepper Money We do not lend on properties being purchased under any of the following schemes: (1) Homebuyer Scheme, (2) Keyworkers/Starter Home Initiative, (3) Shared Ownership Scheme; or (4) properties that are within the Right to Buy Scheme and still within the 5 year pre-emption period. Please notify us on 0333 370 1101 if any of these schemes relate to the property.
Pepper Money (PUK) We do not lend on properties being purchased under any of the following schemes: (1) Homebuyer Scheme, (2) Keyworkers/Starter Home Initiative, (3) Shared Ownership Scheme; or (4) properties that are within the Right to Buy Scheme and still within the 5 year pre-emption period. Please notify us on 0333 370 1101 if any of these schemes relate to the property.
Platform (a trading name of The Co-operative Bank p.l.c.) We do not lend in these circumstance.
Precise Mortgages (Charter Court Financial Services Ltd) We do not lend under these circumstances.
Principality Building Society Where a scheme has been previously agreed we will lend on certain Shared Equity and Shared Ownership properties; you are required to seek our confirmation prior to exchange. Please note that The Society is not obliged to provide further borrowing on any such mortgages. Please refer to Mortgage New Business (details in point 1.7) for any further clarification
Rooftop Mortgages Ltd We do not lend in these circumstances.
Saffron Building Society As 1.11
Sainsbury's Bank We will not lend in the scenario.
Santander UK plc Refer to Mortgage Operations office instructing you.
Scottish Building Society  
Scottish Widows Bank We do not lend unless borrower obtains 100% ownership of the property.
Secure Trust Bank PLC We do not accept shared ownership or shared equity properties.
Skipton Building Society We currently lend on shared ownership leases on a pilot-only basis and only applications made under the formal pilot will be considered. If you have been instructed to act for the Society in relation to a shared ownership application, please see the mortgage offer, including the associated ‘Instructions to Conveyancers’ document for details of our requirements. If you require a copy of the Instructions to Conveyancers, please contact the Completions team on 0345 6079850.
St James Place Bank Lending on these schemes is not supported.
State Bank of India UK N/A – we do not lend where one of these schemes exist.
Swansea Building Society 11/12 Cradock Street
Swansea
SA1 3EW
01792 739100
Tesco Bank (a trading name of Tesco Personal Finance plc) We will not lend in this scenario.
For Help to Buy cases where the 2nd charge is registered with Homes England or Help to Buy (Wales) Ltd and will be fully repaid on completion there is no need to refer to us.
The Mortgage Business We will not lend in these circumstances.
The Mortgage Lender Limited completions@themortgagelender.com

Tel: 0344 257 0426
The Mortgage Works Originations
The Royal Bank of Scotland plc We do not lend on shared ownership properties other than in circumstances where the transaction in question will result in the borrower owning 100% of the property at completion.

For shared equity and affordable housing you need to notify us (as detailed above in 1.11a) giving details of the proposal.
The Royal Bank of Scotland plc Direct Line Mortgages We do not lend on shared ownership properties other than in circumstances where the transaction in question will result in the borrower owning 100% of the property at completion.

For shared equity and affordable housing you need to notify us (as detailed above in 1.11a) giving details of the proposal.
The Royal Bank of Scotland plc Direct Line One We do not lend on shared ownership properties other than in circumstances where the transaction in question will result in the borrower owning 100% of the property at completion.

For shared equity and affordable housing you need to notify us (as detailed above in 1.11a) giving details of the proposal.
The Royal Bank of Scotland plc First Active We do not lend on shared ownership properties other than in circumstances where the transaction in question will result in the borrower owning 100% of the property at completion.

For shared equity and affordable housing you need to notify us (as detailed above in 1.11a) giving details of the proposal.
The Royal Bank of Scotland plc Natwest one Account We do not lend on shared ownership properties other than in circumstances where the transaction in question will result in the borrower owning 100% of the property at completion.

For shared equity and affordable housing you need to notify us (as detailed above in 1.11a) giving details of the proposal.
The Royal Bank of Scotland plc One Account We do not lend on shared ownership properties other than in circumstances where the transaction in question will result in the borrower owning 100% of the property at completion.

For shared equity and affordable housing you need to notify us (as detailed above in 1.11a) giving details of the proposal.
The Royal Bank of Scotland plc Virgin One We do not lend on shared ownership properties other than in circumstances where the transaction in question will result in the borrower owning 100% of the property at completion.

For shared equity and affordable housing you need to notify us (as detailed above in 1.11a) giving details of the proposal.
The Tipton & Coseley Building Society Mortgage Department.
Together Personal Finance Limited Contact point as detailed in 1.11a above.
Topaz Finance Ltd Topaz Finance Limited
Gateway House, Gargrave Road,
Skipton,
North Yorkshire,
BD23 2HL
0345 389 1672
TSB Bank plc Mortgage Processing. Please see 1.11a
Ulster Bank Ltd As detailed above in 1.11a.You need to notify us (as detailed in 1.11a)giving details of the proposal.
Vida Homeloans Vida Homeloans does not lend in these circumstances.
Virgin Money We lend on shared ownership properties in limited circumstances.

Where we know the property is shared ownership and are happy with that arrangement, we'll include a shared ownership special condition in the "Special conditions" section of our offer.

If there is no shared ownership special condition, then you need to let us know if the property is shared ownership by contacting us on:
Mortgage Processing
Operations
Virgin Money plc
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL

or DX 60350 Gosforth

Solicitors Helpline: 0845 604 4858
Whistletree (a trading name of TSB Bank plc) This is outside of our general lending policy but if you consider that the transaction does fall into this category you should contact Customer Services, other details as 1.11a
Yorkshire Bank Home Loans Ltd Mortgage Services
PO BOX 3105
Clydebank
Glasgow
G60 9AU
Tel - 0800 121 4203
Yorkshire Building Society We do not lend where the transaction involves either a shared equity scheme or shared ownership of the property.
Zephyr Mortgages For clarity, Zephyr does not lend on such properties.