Buy to Let - Godiva Mortgages Conveyancing Requirements for Properties Let at Completion

Godiva Mortgages legal requirements are expressed in Part 1 of the December 1st 2014 version of the CML Handbook which provides that unless it is clear from the mortgage offer that the property is tenanted or is to be let at completion then you must check with Godiva Mortgages as to whether Godiva Mortgages lend on "buy-to-let" properties and that the mortgage is for that purpose.

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Last updated on 31/03/2025 Section Two of the UK Finance Lenders’ Handbook for Godiva Mortgages deals with who you need to contact If different from paragraph 1.11, i.e the contact point if property is let or to be let. It also deals with whether Godiva Mortgages lend on buy-to-let

New Lending Department,
Oakfield House,
PO Box 600, Binley,
Coventry,
CV3 9YR

Funds may not be used to purchase a property from a company in which the borrower has an interest.

Funds may not be used to replace existing development finance.

Funds may not be used to purchase a Buy to Let Property that is to be let to the current owner (i.e. who will remain in occupation of the property as a tenant).

Where the property is already let or will be let at completion, the legal representative is to ensure that any existing or proposed tenancy agreement is in a form normally used for residential agreements and it does not confer security of tenure on the tenant(s) beyond the initial fixed contractual term, which must not exceed 36 months.

The legal representative is to ensure that where the property is located within a designated additional licensing area (under Part 2 of the Housing Act 2004) or a designated selective licensing area (under Part 3 of the Housing Act 2004), a licence has been granted by the local authority in respect of the property. Alternatively, where the property is being purchased by the borrower, or the deadline for applying for a licence has not yet expired, the legal representative is to ensure that the borrower is aware of their obligation to apply for a licence following completion. The legal representative must ensure that the property is not subject to mandatory licensing requirements.

If the premises, 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 Godiva Mortgages mortgage offer or any consent to let Godiva Mortgages issue. If the letting fails to comply, or no such details are mentioned, you are obliged report the position to Godiva Mortgages

Part 2 of the UK Finance Lenders’ Handbook for Godiva Mortgages outlines 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:

New Lending Department,
Oakfield House,
PO Box 600, Binley,
Coventry,
CV3 9YR

Property lawyers on the Godiva Mortgages conveyancing 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 Godiva Mortgages after completion

In considering whether the bank requires a certified copy letting agreement to be sent Godiva Mortgages says:

No

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 Godiva Mortgages 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 Godiva Mortgages panel or a buy to let mortgage broker click here.