Buy-to-let conveyancing
Conveyancing on a property bought to be let rather than occupied. Lender requirements differ from residential lending, and Part 2 of the Handbook sets out what each lender expects on tenancies, licensing and permitted occupiers.
- Jurisdiction
- England & Wales
- Lenders covered
- 36
- Handbook
- UK Finance · Part 1 & 2
Part 2 of the UK Finance Mortgage Lenders' Handbook is amended by lenders without notice. Check the current version before relying on any requirement described here.
What has to be in place
Tenancies
The lender will have requirements about the form of tenancy, its length, and who may occupy. Existing tenancies on a purchase have to be reported and checked against those requirements.
Licensing
Selective and additional licensing schemes are set by individual local authorities. Whether one applies is a local question and needs checking for the specific property.
Leasehold restrictions
A lease may prohibit or restrict letting. That restriction binds regardless of the mortgage product.
Occupation by the borrower
Buy-to-let terms generally exclude occupation by the borrower or their family. Where that is contemplated, it needs to be raised before completion, not after.
Buy-to-let conveyancing for 36 lenders
Each page below covers the same subject for one lender, and says which Part 2 question holds that lender’s own answer.
Acting on lender instructions
LenderPanel maintains the directory borrowers search when choosing a conveyancer. Panel membership decides whether a firm can act at all.
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