Buy to Let - Bank of Scotland Conveyancing Requirements for Properties Let at Completion

Bank of Scotland conveyancing instructions are expressed in Part 1 of the CML Handbook which provides that unless it is clear from the mortgage offer that the property is let or is to be let at completion then you must check with Bank of Scotland as to whether Bank of Scotland lend on "buy-to-let" properties and that the mortgage is for that purpose.

Need help with "Buy to Let" from Bank of Scotland?

Last updated on 13/01/2023 Section Two of the UK Finance Lenders’ Handbook for Bank of Scotland deals with who you need to contact If different from section 1.11, i.e the contact point if property is let or to be let. It also deals with whether Bank of Scotland lend on buy-to-let

Bank of Scotland Plc, Mortgage Operations, Pentland House, 8 Lochside Avenue, Edinburgh, EH12 9DJ. Tel: 0345 603 1136 Fax: 0131 339 2366
Applications which involve 'distressed sales' are not acceptable, i.e. to avoid repossession proceedings and/or sale & leaseback arrangements, whereby the vendor will not vacate the property but will continue to reside under an AST.

In situations where the residence, or part of it, is currently let, or is to be let at completion, then the letting must comply with the details set out in the Bank of Scotland mortgage offer or any consent to let Bank of Scotland issue. If the letting does not comply, or no such details are specified, you must report the position to Bank of Scotland

Part 2 of the UK Finance Lenders’ Handbook for Bank of Scotland deals with who you need to contact If different from 1.11, i.e the contact point when you do not have details of current letting or letting to take place at completion:

Bank of Scotland Plc, Mortgage Operations, Pentland House, 8 Lochside Avenue, Edinburgh, EH12 9DJ. Tel: 0345 603 1136 Fax: 0131 339 2366

Firms authorised on the Bank of Scotland solicitor panel,when it comes to buy to let properties need to check Part 2 of the UK Finance Lenders’ Handbook as to whether counterparts or certified copies of all tenancy agreements and leases in respect of existing tenancies must be sent to Bank of Scotland after completion

In addressing the question whether the mortgage company requires a counterpart letting agreement to be sent Bank of Scotland specifically states:

No, please forward to the borrower.

The information contained within this webpage is for general information purposes only for lawyers in England and Wales, it does not constitute advice and you should always check the UK Finance Lenders’ Handbook for Bank of Scotland Buy to Let requirements as well as the mortgage offer. Whilst we endeavour to keep the information up to date and correct but does not make any representation or warranties of any kind about its completeness, accuracy, reliability or suitability. Any reliance you place on the information is strictly at your own risk. Lexsure will not be liable for any direct or indirect loss or damage arising out of or in connection with the use of this information. The same caveat applies to members of the public looking at this page. If you wish to find a buy to let conveyancing specialist on the Bank of Scotland panel or a buy to let mortgage broker click here.