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Alliance & Leicester PLC: Transfer of Assets to Santander UK PLC

With effect from 28 May 2010 (the "transfer date") the business, trading name and all property and liabilities of the Alliance & Leicester PLC was transferred to Santander UK plc by virtue of the Transfer Scheme between the Alliance & Leicester PLC and Santander UK plc approved by the High Court of Justice on 13 May 2010 in terms of the Financial Services and Markets Act 2000 (the "Transfer Instrument").

LAND REGISTER

Standard securities executed before 28 May 2010

Any standard security granted in favour of the Alliance & Leicester PLC executed before the transfer date, but submitted as part of an application for registration on or after that day, will be accepted for registration, provided that the following requirements are met -

(a) the application form specifies that the applicant is the Santander UK plc

(b) the application form specifies that registration is sought in respect of the deed in favour of the Alliance & Leicester PLC; and

(c) the Transfer Instrument is listed in the Form 4 submitted with the application but there is no need for that document to be enclosed.

Discharges executed before 28 May 2010

Discharges granted by the Alliance & Leicester PLC must bear to have been executed prior to the transfer date. There is no objection to application for registration of such discharges being made after that date.

Standard securities and discharges executed after 28 May 2010

Standard securities executed on or after the transfer date must be in favour of the Santander UK plc.  Likewise discharges executed on or after that date must be granted by Santander UK plc.

If any deed executed on or after the transfer date by or in favour of Alliance & Leicester PLC is submitted the deed will be returned to the agent for amendment and re execution.

Where Santander UK plc grants a discharge of, or a repossession disposition in terms of a standard security registered or recorded prior to the transfer date in which the original grantee was Alliance & Leicester PLC, the Transfer Instrument should be listed in the Form 4. There is no need for the Transfer Instrument to be submitted.

GENERAL REGISTER OF SASINES

Standard securities executed before 28 May 2010
Any standard security granted in favour of the Alliance & Leicester PLC executed before the transfer date, but presented for recording after the transfer date should be either (a) docqueted with reference to a Notice of Title on behalf of Santander UK plc which deduces title through the Transfer Instrument and the two deeds recorded together or (b) re-engrossed and re-executed in favour of Santander UK plc
The deed will be returned to the agent for amendment if these requirements are not met.
Discharges executed before 28 May 2010

Discharges granted by the Alliance & Leicester PLC must bear to have been executed prior to the transfer date. There is no objection to such discharges being presented for recording after that date.

Standard securities and discharges executed after 28 May 2010

All deeds (be they standard securities, dispositions or discharges) executed on or after the transfer date must be granted by or be in favour of the Santander UK plc. The Santander UK plc has confirmed that deeds will be granted to or by " Santander UK plc, incorporated under the Companies Acts and having its registered office at 2 Triton Square, Regent's Place, London NW1 3AN"

Where the Santander UK plc grants a discharge of a standard security recorded prior to the transfer date in which the original grantee was the Alliance & Leicester PLC, the discharge should deduce title from the Alliance & Leicester PLC, referring to the Transfer Instrument in the terms similar to the following:
“which standard security was last vested in the said Alliance & Leicester PLC as aforesaid and from whom we the said Santander UK plc acquired right by virtue of the Transfer Instrument being Transfer Scheme between the Alliance & Leicester PLC and Santander UK plc approved by the High Court of Justice on 13 May 2010 in terms of the Financial Services and Markets Act 2000 ……..  ”
If any deed executed on or after the transfer date by or in favour of Alliance & Leicester PLC is presented the deed will be returned to the agent for amendment and re execution.