From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to www.ukfinance.org.uk for wider content and updates from UK Finance.

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Question: 10.10. How long can you hold the mortgage advance before returning it?

Lender Answer
Accord Buy to Let See 10.7.
Accord Mortgages Ltd See 10.7
Adam & Company 1 working day. Money to be returned by CHAPs.

Adam & Company International 1 working day. Money to be returned by CHAPs
Ahli United Bank (UK) plc Two days
Aldermore Bank PLC 3 working days.
Allied Irish Bank (GB), a trading name of AIB Group (UK) Within 48 hours. Refer to AIB Group (UK) plc, Central Securities (GB)
Atom Bank plc One day, unless the new completion date is within 3 working days of the original, you have advised us of this and supplied a revised CoT.

You should also make the borrower aware that interest may be incurred on the advance.
Aviva Equity Release UK Ltd 2 days.
Bank of Ireland (UK) plc 1 working day unless we agree otherwise.
Bank of Ireland as Bank of Ireland Mortgages 1 working day unless we agree otherwise.
Bank of Scotland Beginning A 5 working days. However, if completion is delayed and we do not receive the retunred funds by close of business on the fourth working day after the date of completion stated in the Certificate of Title, we will charge you interest on the advance amount (see 10.7)
Bank of Scotland Beginning O 3 working days
Barclays Bank UK PLC 48 hours
Barnsley Building Soc, a trading name Yorkshire Building Soc See 10.7.
Birmingham Midshires One working day.
Bluestone Mortgages See 10.7.
Bradford & Bingley Plc The advance is to be returned if completion is delayed for more than 5 working days
Britannia, a trading name of The Co-operative Bank plc Please refer to the covering letter sent with the mortgage offer for specific details
Buckinghamshire Building Society Please return at the earliest possible opportunity.
Capital Home Loans 7 days, but interest is charged to the mortgage account from the day funds are released.
Chelsea Building Society (a trading name of Yorkshire BS) See 10.7.
Clydesdale Bank plc Please see section 10.7
Co-operative Bank plc 24 hours.
Coutts 1 working day. Money to be returned by CHAPs.
Coutts Finance Co 1 working day. Money to be returned by CHAPs.
Coventry Building Society Funds must be returned as soon as the delay becomes apparent, in order to avoid any interest charges.
Please see section 'DELAYED COMPLETION AND RETURN OF FUNDS' in the instruction letter.
Cynergy Bank Three working day.

Bank’s account for return of funds:
Acc no: 92010021
Sort code: 40-63-77
Darlington Building Society 7 days.
DB UK Bank Ltd 5 working days
Dudley Building Society The advance must be returned within 5 working days of issue. If completion is delayed but will occur within 5 working days of issue we expect you to hold the monies in an interest bearing account and pass on the accrued interest to the borrower.
Earl Shilton Building Society 7 calendar days after the scheduled date of operation
Ecology Building Society 3 days
Family Building Soc (a trading name of National Counties BS) 2 working days Advance monies to be returned to us on the 3rd working day at the latest.
Fleet Mortgages See 10.7 above. The advance must be used on the completion date you have given to us.
Foundation Home Loans For the day of completion only.
Furness Building Society One working day.
GE Money Home Lending Ltd GE Money Home Lending has withdrawn from the UK mortgage market.
Godiva Mortgages Ltd Funds must be returned as soon as the delay becomes apparent, in order to avoid any interest charges.
Please see section 'DELAYED COMPLETION AND RETURN OF FUNDS' in the instruction letter.
Habito 48 hours
Halifax One working day.



Halifax Loans Ltd 5 Working days
Hampden & Co. plc 1 working day. Money to be returned by CHAPs.
Handelsbanken Refer to Branch office instructing you. Each case will be treated individually depending on circumstances.
Harpenden Building Society 3 working days
Hinckley and Rugby Building Society 3 days after the date scheduled for completion.
Hodge Equity Release See the answer at 10.7
Hodge Life See the answer at 10.7
Holmesdale Building Society 24 hours unless otherwise agreed.
HSBC UK Bank plc Three working days
Intelligent Finance 7 days
Investec Bank plc You must advise the Bank if there is any delay in completion (and the anticipated time until actual completion) and ensure that there are suitable arrangements in place to ensure that the Bank is able to immediately reclaim the funds in the event that the transaction does not complete or there are delays unacceptable to the Bank.
ITL Mortgages Funds must be returned as soon as the delay becomes apparent, in order to avoid any interest charges.Please see section 'DELAYED COMPLETION AND RETURN OF FUNDS' in the instruction letter.
JPMorgan Chase Bank, N.A. 24 hours.
Kensington Mortgage Company Ltd You can hold the funds for a maximum 5 working days.
Kent Reliance (a trading name of OneSavings Bank plc) 5 working days unless authorised otherwise
Keystone Property Finance For the day of completion only
Landbay For the day of completion only (without further specific permission) - contact Legals@landbay.co.uk
Landmark Mortgages Limited Please contact us. If completion has not taken place within 24 hours of the completion date specified in the certificate of title funds must be returned to us.
Leeds Building Society See 10.7.
Legal & General Home Finance Ltd You must notify us immediately if completion does not take place on the date notified to us. The full advance must be returned to us by CHAPs without deduction within one (1) day of completion, quoting the borrower name and account.
LendInvest See 10.7 above
Lloyds Bank plc pre fixed 20/40 1 working day.
Lloyds Bank plc pre fixed 50/30/77 1 working day.
Lloyds TSB Scotland plc 1 working day
M&S Bank Three working days
Magellan Homeloans Please refer to 10.7
Manchester Building Society 48 hours.
Market Harborough Building Society 3 working days
Masthaven Bank See 10.7.
Metro Bank plc One working day. You must advise us first as per 1.11
Molo Finance Buy to Let Mortgages Within one working day of completion date on the Certificate of Title.
Monmouthshire Building Society 3 working days
Mortgage Agency Services 5 days
Mortgage Express The advance is to be returned if completion is delayed for more than 5 working days
Mortgage Express No 2  
National Counties Building Society 2 working days, Advance monies to be returned to us on the 3rd working day at the latest.
National Westminster Bank plc See 10.7 above.
Nationwide Building Society The advance must be returned within 3 working days of issue (unless we agree to longer). If funds are not returned within the timescales above it can result in the customer incurring charges and interest on their mortgage account.

Please refer to 10.7 for more information on how to return funds.
Nedbank Private Wealth Ltd See 10.7 above
New Street Mortgages 3 working days
NRAM Ltd Please contact us. If completion has not taken place within 24 hours of the completion date specified in the certificate of title funds must be returned to us.
Paragon Buy to Let Mortgages Mortgage advance must be used on completion date notified to us.
Paragon Residential Owner-Occupied Mortgages Mortgage advance must be used on completion date notified to us.
Paratus AMC Ltd For the day of completion only.
Parity Trust 3 days
Pepper Money 48 Hours
Pepper Money (PUK) 48 Hours
Platform (a trading name of The Co-operative Bank p.l.c.) Three working days.
Precise Mortgages (Charter Court Financial Services Ltd) If completion of the Mortgage is delayed beyond the completion date stated in the certificate of title, you must take the following action. If you reasonably expect completion of the mortgage to occur within 5 working days of the date on which we issued the advance to you (such period being the Advance Period), you may retain the Advance and hold it to our order until the earlier of (a) completion of the mortgage and (b) the expiry of the Advance Period. If the mortgage has not completed within the Advance Period or if at any time during the Advance Period you do not reasonably expect completion to occur within the Advance Period, you must return the Advance to us immediately.
Principality Building Society 2 days
Rooftop Mortgages Ltd 2 working days.
Saffron Building Society Please contact 1.11 if completion delayed and return within 3 working days
Sainsbury's Bank If completion is delayed, or going to be delayed, by more than 5 working days from the completion date given in your certificate of Title, the advance should be returned by same day CHAPS transfer (without deduction) to the following account: sort code 40-02-50 account number 11371266. Please also quote the customer’s mortgage account number with the transfer and the Sainsbury’s Bank Reference as notified in the remittance advice.
Santander UK plc Refer to our Certificate of Title for all administrative arrangements.
Scottish Building Society 2 working days
Scottish Widows Bank Two business days after proposed completion date.
Secure Trust Bank PLC 3 working days.
Skipton Building Society The mortgage advance must be returned within 1 working day. Please advise the Completions Team when returning funds in case an imminent Direct Debit collection was triggered by the release of funds to you.
St James Place Bank 7 days.
State Bank of India UK 2 working days.
An administration fee will be payable when the funds are re-released for the new completion date.
Swansea Building Society 7 days
Tesco Bank (a trading name of Tesco Personal Finance plc) The advance should be returned to us as soon as you become aware that completion is going to be delayed by more than 5 working days.
The Mortgage Business 5 working days. However, if completion is delayed and we do not receive the returned funds by close of business on the fourth working day after the date of completion stated in the Certificate of Title, we will charge you interest on the advance amount (see 10.7).
The Mortgage Lender Limited See 10.7 above. The advance must be used on the completion date you have given to us or returned within 24hrs.
The Mortgage Works 3 working days. An administration fee will be payable when the funds are re-released for the new completion date
The Royal Bank of Scotland plc See 10.7 above.
The Royal Bank of Scotland plc Direct Line Mortgages See 10.7 above.
The Royal Bank of Scotland plc Direct Line One See 10.7 above.
The Royal Bank of Scotland plc First Active See 10.7 above.
The Royal Bank of Scotland plc Natwest one Account See 10.7 above.
The Royal Bank of Scotland plc One Account See 10.7 above.
The Royal Bank of Scotland plc Virgin One See 10.7 above.
The Tipton & Coseley Building Society Refer individual case to Administration Department.
Together Personal Finance Limited Three working days.
Topaz Finance Ltd See 10.7 above.
TSB Bank plc 1 working day
Ulster Bank Ltd See 10.7 above.
Vida Homeloans 3 working days.
Virgin Money Please contact us. If completion has not taken place within 24 hours of the completion date specified in the certificate of title funds must be returned to us.
Whistletree (a trading name of TSB Bank plc) Please contact us using details as 1.11a.
If completion has not taken place within 24 hours of the completion date specified in the certificate of title funds must be returned to us.
Yorkshire Bank Home Loans Ltd Please see Section 10.7
Yorkshire Building Society See 10.7.
Zephyr Mortgages One working day.