Buy to Let - Allied Irish Bank Conveyancing Requirements for Properties Let at Completion

Allied Irish Bank legal requirements are explicit 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 Allied Irish Bank as to whether Allied Irish Bank lend on "buy-to-let" premises and that the loan is for that purpose.

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Previously updated on 22/06/2021 Section Two of the UK Finance Lenders’ Handbook for Allied Irish Bank 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 Allied Irish Bank lend on buy-to-let

Refer to AIB Group (UK) plc, Central Securities (GB), 92 Anne Street, Belfast, BT1 3H

Where the property, 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 Allied Irish Bank mortgage offer or any consent to let Allied Irish Bank issue. If the letting fails to comply, or no such details are mentioned, you must notify the position to Allied Irish Bank

Part 2 of the UK Finance Lenders’ Handbook for Allied Irish Bank 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:

Refer to AIB Group (UK) plc, Central Securities (GB), 92 Anne Street, Belfast, BT1 3H

Conveyancing solicitors on the Allied Irish Bank 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 Allied Irish Bank after completion

In considering whether the bank requires a counterpart tenancy agreement to be sent Allied Irish Bank says:

No, may be provided 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 Allied Irish Bank 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 Allied Irish Bank panel or a buy to let mortgage broker click here.