Policy Change for State Bank of India UK Solicitor Panel
Change Date: 01/12/2023
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2023 No.1168
Policy changes relevant to
State Bank of India UK
Solicitor Panel
| Updated |
|
16/10/2023 |
| Lender Name |
|
National Westminster Bank plc |
| 1.7- Contact point to see if the lender will lend when borrower and mortgagor are not one and the same. |
|
No |
| 1.11a- Contact point for standard documents. |
State Bank Email: newlending.originations@bcmglobal.com |
Mortgage Centre - Address, fax, email and phone number
on letter of instruction. Standard Documents to be obtained
from the internet - www.natwest.com/conveyancers If you are acting on our behalf in the purchase of a property which has not yet completed, you should contact us via the LMS portal. For all other queries our preference is for you to contact us by email. Offset Flexible Mortgage - contact the Firm detailed on the letter of instruction. |
| 1.11b- Contact point if standard documents are inappropriate. |
|
As 1.11a |
| 1.14- May your firm act if the person dealing with the transaction or a member of his immediate family is the seller? |
|
No, your firm may not act if the person dealing with the transaction or a member of his immediate family is the seller. However, your firm may act if a separate fee earner or separate partner within the firm acts for us. |
| 1.15- May your firm act if the person dealing with the transaction or a member of his immediate family is the borrower? |
|
No, your firm may not act if the person dealing with the transaction or a member of his immediate family is the borrower. However, your firm may act if a separate fee earner or separate partner within the firm acts for us. |
| 3.1.3- Does the lender require notification of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller? |
|
Please do not advise us of the firm acting for the seller, unless we specifically request. |
| 3.1.4- If different from 1.11, contact details if the lender needs to be notified when the seller does not have legal representation. |
|
You need to notify us (as detailed above in 1.11) giving details so that we can make a decision whether or not to proceed. |
| 3.1.5- What other documents are acceptable for verifying identity? |
|
UK driving licence - old style, Inland Revenue Tax notification and Construction Industry tax exemption certificate issued by the Inland Revenue. |
| 3.2.3- Does the lender require notification of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller? |
|
Please do not advise us of the firm acting for the seller, unless we specifically request. |
| 3.2.4- If different from 1.11, contact details if the lender needs to be notified when the seller does not have legal representation. |
You need to notify us |
You need to notify us (as detailed above in 1.11a) giving details so that we can make a decision whether or not to proceed. |
| 4.1- Is there a valuation report and if so, does the lender provide it? |
If we have carried out a |
If we have carried out a physical inspection of
the interior of the property a copy of the
valuation report will be provided with
the mortgage offer. If we have not carried out a physical inspection we will not share a copy of the valuation report and questions in relation to the property should be addressed to the customer. |
| 4.5a- If different from 1.11, contact point if re-inspection required. |
As |
Mortgage Centre - As detailed above in
1.11. Offset Flexible Mortgage - NatWest Offset Completions Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 366 0498 |
| 4.5b- Where should the certificate of title be sent? |
As |
For cases where you have been instructed through the LMS
portal the certificate of title must be submitted through the
LMS portal. In all other cases Mortgage Centre - As detailed above in 1.11. Offset Flexible Mortgage - NatWest Offset Completions Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 366 0498 |
| 5.1.1- If different from 1.11, the contact point if the seller has owned the property for less than 6 months: |
This type Please refer to us for guidance. |
When reporting back to us, please provide the following
information: The name and address of the person who sold the property to the current owner/registered proprietor. The amount the current owner/registered proprietor bought the property for. Details of any connections between the current owner/registered proprietor and their seller. Details of any connections between the current owner/registered proprietor and the applicant, Details of any work carried out between the date that the current owner/registered proprietor bought the property and the current date. |
| 5.2.1- If different from 1.11, the contact point if the seller is not the owner or registered proprietor and is not listed in the exceptions above: |
As Only report if the Seller is not one of the exceptions listed. Applications which involve assignable contracts or irrevocable powers of attorney in favour of intervening sellers are not acceptable. You should also report any other structure to the transaction which has a similar effect. |
As 1.11a |
| 5.4.4- Does the lender want to receive environmental or contaminated land reports? |
|
No Nor do we require copies of any ancillary reports that you have requested for the borrower. The reports must be provided to the borrower who must make full disclosure of any risks to the insurer prior to completion. They must obtain insurance under normal terms. HS2: You do not need to make us aware of proposed proximity of the property to HS2 unless this is less than 300 meters. Mining entry: You do not need to make us aware of a mining interpretive report unless you become aware of an entry less than 20 meters from the property. |
| 5.4.5- Does the lender accept personal searches and, if yes, what are the lender's requirements? |
|
Yes, provided that the search agent has adequate professional indemnity insurance and you can still give a clear Certificate of Title. |
| 5.4.6- Does the lender accept search insurance and, if yes, what are the lender's specific requirements? |
- That the solicitor can state - That the solicitor arranges the policy at their own risk - That the search insurance fully protects State Bank of India - The sum insured by the policy is at least equal to the mortgage advance (whichever is higher) - All other conditions set out by the State Bank of India are met - Not acceptable for Houses in Multiple Occupation (HMO), Multiunit freehold block and unencumbered properties. If you have any questions, please refer to the lender as per section 1.11a |
Yes, providing the search insurance adequately protects us and you are able to certify that the title is good and marketable and you can still give a clear Certificate of Title. |
| 5.5.3a- If different from 1.11, contact point for reporting if evidence of breach and all outstanding conditions will not be satisfied by completion: |
|
As 1.11a |
| 5.5.3b- Does the lender require an original/copy of the planning permission? |
|
No. |
| 5.5.3c- Does the lender require an original/copy of the building regulation consents? |
|
No. |
| 5.5.3d- Does the lender require certificates of lawful use or development/established use certificate? |
|
No. |
| 5.5.4- If different from 1.11, contact point if the property is subject to restrictions which may affect its value or marketability. |
As |
As 1.11a |
| 5.7.1a- Does the lender lend on flying freeholds? |
Yes. |
Yes. Where it is possible to enforce positive covenants (e.g. a written agreement is in place to ensure maintenance, repair and insurance of the building and common parts are shared equitably amongst all residents). The maximum Loan to Value is restricted to 90%. |
| 5.7.1b- Does the lender lend on freehold flats? |
|
Yes. Where it is possible to enforce positive covenants (e.g. a written agreement is in place to ensure maintenance, repair and insurance of the building and common parts are shared equitably amongst all residents). The maximum Loan to Value is restricted to 90%. |
| 5.7.1c- If the lender is prepared to accept a title falling within 5.7 and the property is a freehold flat or flying freehold, to which contact point must this be reported? |
|
As 1.11a |
| 5.8.1- Does the lender accept security which comprises a building converted into not more than four flats where the borrower occupies one of those flats and the borrower or another flat owner also owns the freehold of the building and the other flats are subject to long leases? |
If Borrower also owns the freehold we will require a charge over that title also. You should also bring to our attention any interest the borrower has in any of the other flats in the building or adjacent building |
Yes |
| 5.8.5- Does the lender accept security which comprises one of two leasehold flats in a building where the borrower also owns the freehold reversion of the other flat and the other leaseholder owns the freehold reversion in the borrower's flat? If so, are there any specific requirements? |
Under 5.8.5 bullet 2 - Yes. We require a mortgage of the borrower's |
Yes - we would require our security to include the freehold reversion to the other flat as well as the leasehold flat to be occupied by the borrower. |
| 5.13.1- If different from 1.11, contact point if borrower is not providing balance of purchase price from funds/proposing to give second charge. |
We It is expected that |
Deposits and gifts from parents and guardians are
acceptable. We will agree to a
second ranking change in favour of the
parents/guardians. Any monthly cost (including any interest payable in relation to the gift/deposit) relating to the repayment of the gift/deposit will be included in the affordability calculation. This does not apply to foreign nationals who do not have a permanent right to reside in the UK. Their deposit must be from their own resources. Deposits/gifts from other third parties who are not the seller are acceptable but only if there is no repayment required of the deposit/gift. We will not agree to a second ranking legal charge in favour of that third party, even if the deposit/gift is not repayable. Gifts from sellers where no repayment is required will be treated as an incentive and this will affect the purchase price and/or the maximum that we will lend. |
| 5.14.1- What minimum unexpired lease term does the lender accept? |
|
Mortgage term plus 30 years. |
| 5.14.9- If different from 1.11, contact point for matters connected with the lease: |
As |
As 1.11a. N.B. if the ground rent exceeds £250 per annum (£1000 per annum for London properties) you must confirm that the terms of the lease in relation to the ground rent are acceptable. We can then approach the valuer to confirm whether the cost of the ground rent would affect property suitability and marketability. |
| 5.14.11- Does the lender accept indemnity insurance where the terms of the lease are unsatisfactory? |
|
Yes If you are of the view that the terms of the lease are unsatisfactory, we would request that you revert to the Landlord to have the lease terms varied or, alternatively where possible, agree for indemnity insurance to be effected before contacting us. |
| 5.14.12- Does the lender require a clear ground rent/service charge receipt to be sent to you? |
|
No. Offset Flexible Mortgage - Yes, after completion. |
| 5.14.13- Does the lender require a receipted copy of notice or evidence of service to be sent to you? |
|
No. |
| 5.14.15a- If different from 1.11, contact point if there is an absentee/insolvent landlord: |
|
As 1.11a |
| 5.14.15b- Does the lender accept indemnity insurance if the landlord is absent or insolvent? |
If we do agree to lend, indemnity insurance will be required. |
Yes |
| 5.14.17a- Does the lender want any documentation sent to them? |
|
[ New answer is blank ] |
| 5.15.2b- Does the lender need to be sent the management company share certificate? |
|
No. |
| 5.15.2c- Does the lender need to be sent the signed blank stock transfer form? |
|
No. |
| 5.15.2d- Does the lender need to be sent the management company's memorandum and articles of association? |
|
No. |
| 5.17.5a- Does the lender need to be sent the power of attorney? |
|
Yes, a certified copy to be sent after completion as set out in 14.2.2. |
| 5.17.5b- Does the lender need to be sent the statutory declaration of non-revocation of power of attorney? |
|
Yes, a certified copy to be sent after completion as set out in 14.2.2. |
| 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: |
|
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. |
| 5.20.1- Does the lender require me to report to them where the lease does not meet the UK Finance minimum requirements for leases of roof space for solar PV panels? |
|
Yes, you must report this to us as detailed above in 1.11a. We may withdraw our offer if the UK Finance minimum requirements are not met. |
| 5.20.3- Does the lender have additional requirements relating to leases of roof space for solar PV panels, and if so, what are they? |
|
No. |
| 5.20.4- Does the lender require you to disclose the details of any existing Green Deal Plan(s) on a property? |
|
Yes, you must disclose details of any existing Green deal plans to us as detailed above in 1.11a. |
| 6.4.4- Does the lender require me to report incentives? |
Yes. |
Yes. We do not accept any incentives other than some
builder’s incentives for new build properties. You need to notify us of any incentives detailed on the UK Finance Disclosure Form totaling more than 5% of the purchase price. Please do not send the form to us, even if only for information purposes. We do not need to see this form. |
| 6.4.5- If different from 1.11, contact point if we will not have control over the payment of all the purchase money: |
As |
As 1.11a |
| 6.6.1- If different from 1.11, contact point if property is let/to be let and to check you lend on buy-to-let: |
As Please note that Sale and rent back is Any existing |
As detailed above in clause 1.11a, though we only need to be contacted if it appears from the mortgage offer or the instructions that we are not aware that the property is let or to be let. |
| 6.6.4- Does the lender lend where the property comes within the definition of a house in multiple occupation? If yes, what are your requirements? |
A. the solicitor must make enquiries with the local authority and report to us if the property requires a licence and if so the category of such licence, namely: mandatory, additional/discretionary or selective ('the Licence'); B. if the property requires a Licence, the solicitor must supply a copy of it to us prior to the request for funds and confirm (after making enquiries with the Licence holder) that all of the conditions to which the Licence is subject have been satisfied. If any conditions remain to be satisfied, the solicitor must report which conditions remain to be satisfied, the reasons why these remain outstanding and the likely timescale for compliance. C. if you already own the property and it requires a Licence but does not have the benefit of one, the solicitor must report this to us and provide details of the reasons why the property is not licensed. The solicitor must await our further instructions; D. Where a full HMO Licence and/or Additional Licence and/or Selective Licence is required but it cannot be provided prior to completion, then you will provide evidence that an application has been submitted to the relevant local authority and the relevant fee paid and evidence of the acknowledgement of the application from the local authority before completion; and you will ensure that any works required for the relevant licence to be issued are carried out as soon as practicable, at your own cost and expense, by appropriately qualified and experienced firms in accordance with the relevant Licence requirements of the relevant local authority and provide a copy of the relevant licence as soon as it has been issued and in any event within 6 months of the date of completion. E. You will provide us (or our valuer) with evidence and details satisfactory to us and our valuer as we (or our valuer) may request regarding compliance with this condition. F. If the relevant licence is not provided within 6 months of completion then this will constitute a Default and Enforcement event as per Clause 11. |
No |
| 6.7.1- What new home warranty schemes are acceptable to the lender? |
ARK ACHI Limited/Advantage HCI Limited AEDIS/Home Proof BLP Build Checkmate UK Global Homes ICW (International Construction Warranties) LABC NHBC Premier Guarantee, the certificate must contain no reservations. Protek Q Policy (new build) Zurich Municipal Please |
The following 10 year Structural Warranties are acceptable for New Builds/Self Builds/Renovations (including properties that were built or renovated within the last 10 years): NHBC, Zurich Municipal, Building Lifeplans Limited (BLP, Allianz Guarantee), Build Zone Ltd, BuildCare Combined Structural Warranty, Ward Cole (12 year structural warranty), LABC(New Home Warranty - not self build) Trenwick International, Castle 10 New Home Warranty, Build Assure (New Homes Structural Defects Insurance), Premier Guarantee for houses, but please refer to us (as detailed above in section 1.11) if offered on a flat. Global Home Warranties, The Q Policy, BOPAS Accreditation (Buildoffsite Property Assurance Scheme), Protek New Home Warranty, Aedis Group Homeproof Structural Warranties, Advantage Warranty, International Construction Warranties, Ark Residential New Build Latent Defects Insurance, ABC+, One Guarantee. |
| 6.7.2- What new home warranty documentation should be sent to the lender? |
|
None. |
| 6.7.3- Should any assignments of building standards indemnity schemes be sent to us? |
|
No. |
| 6.7.4- Will the lender proceed if the property does not have the benefit of a new home warranty scheme? |
|
Yes but the building work must be monitored or (if completed) have been monitored by a professional consultant and the professional consultant has provided the Professional Consultant's Certificate in the UK Finance Handbook form. In addition, you must confirm the Certificate was issued prior to exchange of contracts. |
| 6.7.6- Does the lender need to be sent the professional consultant's certificate? |
|
No. |
| 6.8.1- If different from 1.11, contact point if no agreement and bond for an unadopted road or sewer: |
|
When reporting to us please include the following
details: Whether there are any proposals in place for the roads and/or sewers to be adopted in the future. Whether the seller says that the roads and/or sewers are working properly and if not, what the issues are. Whether the seller has experienced any problems or disputes in relation to the roads and/or sewers. What any maintenance/repair costs are for the roads and/or sewers That you have informed the borrower understands their liabilities in relation to unadopted roads and/or sewers. Whether appropriate rights of way and access exist where there is an unadopted road. If not, whether you are able to put in place suitable indemnity policy to address the issue. |
| 6.9.1- If different from 1.11, contact point if necessary easements are absent: |
|
You should only report issues to us if you are unable to put a suitable indemnity policy in place and/or cannot send us a clear Certificate of Title. |
| 6.10.2- Who will the lender release any retentions (or instalments of the advance) to? |
|
The borrower |
| 6.12.1- If different from 1.11, contact point if pre-emption rights, resale restrictions, options etc will affect the lender's security: |
As |
As detailed above in 1.11. Please note we do not lend on any property subject to an overage agreement. |
| 6.13.1- If different from 1.11, contact point if property is affected by improvement/repair grant which will not be discharged: |
|
When reporting to us please provide the
following information: Whether the grant needs to be repaid (and if so, when); How much the grant is (whether repayable or not); and Whether the grant will be in priority to our mortgage. |
| 7.3- Does the lender require a consent to mortgage from all occupants aged 17 or over? |
|
Consents are required from all occupants of the property
aged 17 years and over, except children of the Borrower under
the age of 26 years. For a Lifetime Mortgage, spouses and
civil partners must be joint owners and joint
mortgagors. If our mortgage instruction letter is dated on or after 02 March 2011 the Deed of Consent and Postponement now forms part of the new Mortgage Deed (which incorporates the Mortgage Terms 2011) and should be completed before the Mortgage Deed is sent to the Land Registry. Offset Flexible Mortgage- consent forms for use have been provided with your instructions and where appropriate should be returned to us after completion. |
| 8.1- Does the lender allow me to advise any of the specified third parties? |
Please note that where the borrower is State Bank of India requires the law firm, representing, the Bank, 1 - All personal information relating 2 - If you have any questions please contact State Bank |
No. You must strongly recommend to anyone intending to guarantee the mortgage that they should obtain independent legal advice and provide them with a copy of the Standard Mortgage Conditions. You must strongly recommend to anyone intending to occupy the property who is to execute a consent to mortgage that they should obtain independent legal advice and provide them with a copy of the Standard Mortgage Conditions. |
| 9.1- Does the lender need to be sent the indemnity insurance policy? |
|
No.- However you must provide full details of indemnity insurance in the Certificate of Title. Where more than one policy is in existence you must also provide us with full details of the additional policies. |
| 9.2- What limit of indemnity insurance does the lender require? |
|
An amount equal to the value of the property. |
| 10.2a- Will the mortgage advance be paid electronically or by cheque? |
|
Electronically - Mortgage Centre - In the event of the borrower making a request to the Lender to add their conveyancers fees to the loan amount, the Lender will transfer these funds, by way of a separate transaction, on the day of completion. |
| 10.2b- What is the minimum number of days notice lenders require? |
|
7 working days. |
| 10.3- What are the standard deductions made from the mortgage advance? |
|
CHAPS Fee. |
| 10.7- On a delayed completion, when and how is advance to be returned? |
Please |
Mortgage Centre, By CHAPS within one working
day of receipt to sort code 60 06 57 account No 98090135
to arrive no later than the working day following the
scheduled completion date. You must ensure all
funds released to you, including the funds in
respect of payment of your conveyancers fees are
returned with the mortgage advance if completion is
delayed. Offset Flexible Mortgage - NatWest Offset Completions Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 366 0498 |
| 10.10- How long can you hold the mortgage advance before returning it? |
An administration fee will be payable when the funds are re-released for the new completion date. |
See 10.7 above. |
| 10.11- What, if any interest does the lender charge if return of the advance is delayed? |
Interest at the |
Interest is calculated on the daily balance outstanding and will be charged at the interest rate applicable to the mortgage advance from the day the funds are released to the conveyancer until the day the funds are recredited to the Bank's account. |
| 14.1.4- Does the lender require me to make a form CH2 application? |
|
A CH2 application is required where the Offer of Loan refers to the availability of a Reserve Facility, either as a special condition or as a flexible feature. |
| 14.1.5- Does the lender need to be sent the original mortgage deed and/or any other original title documents? |
|
No. You should either send the original mortgage
deed to HM Land Registry or, in circumstances where you
choose to send a certified copy to HM Land
Registry or where the application for registration of
the mortgage is made by way of the e-Document
Registration Service, please retain the original on your
file. The application for registration of our first ranking legal charge must be received by the Land Registry during the priority period. Where you have been unable to register the charge within thirty days of completion you are required to update the LMS system with a reason for the delay at least every thirty days until registration is complete and the required documents have been uploaded. For cases where you have not been instructed through the LMS system please update our Mortgage Centre using the contact details at 1.11. We do not need you to confirm to us that completion has occurred. |
| 14.2.1- Where should the title deeds and documents be sent? |
|
Where you have been instructed through the LMS system
charge registration documents and delay reasons should be
provided to LMS as set out in 14.2.2. Where you have not been instructed through the LMS system we do not require charge registration documents. You should seek the Borrowers instructions in relation to all other title deeds and documents which we do not require (as detailed in our instruction letter and Deeds Schedule). Offset Flexible Mortgage - As detailed above in 1.11a. |
| 14.2.2- Which documents must I send after completion? |
|
In cases where you have been instructed through
the LMS system you are required to upload the
following documents to LMS via their system: Priority Notice (OS1 / OS2 / K17) Confirmation of Application to Register (AP1 or electronic receipt) Official Copy of Register Where applicable you must also upload to LMS the following documents: Power of Attorney & Statutory Declaration of non-revocation of Power of Attorney Personal Guarantee Occupiers Consent and Postponement Deed Where you have been unable to register the charge within thirty days of completion you are required to update the LMS system with a reason for the delay at least every thirty days until registration is complete and the required documents have been uploaded. In cases where you have not been instructed through the LMS system Only documents required are where applicable: Deed of Consent and Postponement Certified copy of Power of Attorney Certified copy of the Statutory Declaration of non-revocation of General Power of Attorney Any additional documentation received will be returned. – Please use the contact details in 1.11a |
| 16.1.1- If different from 1.11, contact point for title documents: |
|
For cases where security was registered after 22/6/2009
you should contact the borrower as no title documents are
held by us For cases prior to this date: Mortgage Centre - Deeds Operations, PO Box 123, Greenock, PA15 1EF DX 599600, Greenock 3 Telephone:0345 302 0190 Offset Flexible Mortgage - NatWest Offset Deeds Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 878 9338 |
| 16.3.1- Does the lender have a standard form of transfer/deed of covenant? | No. | No. We require a reconstitution of the security in Transfer of Equity cases. |
| 16.3.2- If different from 1.11, contact point for finding out the debt amount: |
|
Mortgage Centre - PO Box 123, Greenock, PA15 1EF. Offset Flexible Mortgage - NatWest Offset Redemptions Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0870 400 9625 |
| 16.3.4- Does the lender need to be sent the transfer of equity? |
Yes, |
No. Offset Flexible Mortgage - Yes, after completion. |
| 16.3.7a- If different from 1.11, contact point for obtaining execution of transfer equity: |
|
Not Applicable. See Section 16.3.1 above. Offset Flexible Mortgage - NatWest Offset Securities Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 878 9338 |
| 16.3.7b- What form of attestation clause does the lender use? |
WITNESS Signature: ???????????.. Name: ?????????????????. Address: ????????????????. Occupation: ??????????????. |
Signed and delivered as a Deed for and on behalf of the Lender by a duly authorised signatory. |
| 16.4.1- If different from 1.11, contact point for application for consent to letting: |
|
Mortgage Centre - PO Box 123, Greenock, PA15 1EF. Offset Flexible Mortgage - NatWest Offset Account Administration Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 366 0494 |
| 16.4.2- Does the lender need to be sent a copy of the proposed tenancy? |
|
Yes, unless the tenancy is an Assured Shorthold Tenancy. |
| 16.5.2- If different from 1.11, contact point for confirming proposed deed or agreement will not adversely affect the lender: |
|
Mortgage Centre - PO Box 123, Greenock, PA15 1EF. Offset Flexible Mortgage - NatWest Offset Securities Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 878 9338 |
| 16.5.3a- Where should the deed of variation be sent? |
|
Mortgage Centre - PO Box 123, Greenock, PA15 1EF. Offset Flexible Mortgage - NatWest Offset Securities Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 878 9338 |
| 16.5.3b- Where should the deed of rectification be sent? |
|
Mortgage Centre - PO Box 123, Greenock, PA15 1EF. Offset Flexible Mortgage - NatWest Offset Securities Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 878 9338 |
| 16.5.3c- Where should the deed of easement be sent? |
|
Mortgage Centre - PO Box 123, Greenock, PA15 1EF. Offset Flexible Mortgage - NatWest Offset Securities Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 878 9338 |
| 16.5.3d- Where should the option agreements be sent? |
|
Mortgage Centre - PO Box 123, Greenock, PA15 1EF. Offset Flexible Mortgage - NatWest Offset Securities Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 878 9338 |
| 17.1.1- If different from 1.11, contact point for redemption statements: |
|
For NatWest Personal Mortgages all requests for a
Redemption Statement must be submitted online via LMS Secure
Link Secure Link (lms.com), starting a new query and
selecting ‘Redemption Statement’ from the drop down list. We
no longer accept requests by any other method i.e. fax,
telephone or post. Further guidance can be found on the
conveyancers website www.natwest.com/conveyancers. If you do
not have LMS membership please telephone our Mortgage Centre
on 0345 302 0190. Please note this does not include Offset Mortgages. For Offset cases please submit a written request confirming the mortgage account number and sort code, along with confirmation you are acting for the borrower or with the borrower’s authority, the expected date of redemption and a fax number we can use to send the statement write or call us at the contact point below:- Redemptions Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG or fax on 0870 4009625 or email CMSRedemptionsTeam@natwest.com |
| 17.2.1a- Where do you send the discharge and repayment remittance? |
|
Mortgage Centre - PO Box 123, Greenock, PA15 1EF. Offset Flexible Mortgage - NatWest Offset Securities Team, Ground Floor, Lakeside 300 Old Chapel Way Broadland Business Park NORWICH NR7 0WG Telephone: 0345 300 4012 Fax: 0845 878 9338 You do not have to provide or request a discharge for registered land. We will arrange for the mortgage to be discharged following receipt of redemption funds. We will not provide written confirmation that a charge has been released. Please obtain this information directly from Land Registry using the property title number. |
| 17.2.1b- Does the lender send the discharge via a DS 1 form or direct with the Land Registry? |
|
Yes. With effect from January 2010 wherever possible we
will endeavour to submit an Electronic DS1 to HM Land
Registry within a reasonable timescale. We will not provide written confirmation that a charge has been released. Please obtain this information directly from Land Registry using the property title number. |
You provide the coffee
and we’ll slice the PI
We have never met a lawyer who thinks PI insurance is cheap. But Lexsure can help you slice a big chunk off your premiums with our simple and industry-approved approach to managing risk.
Easy as PI.