Buy to Let - Atom Bank Conveyancing Requirements for Properties Let at Completion

Atom Bank buy-to-let obligations are explicit in Part 1 of the Lenders 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 Atom Bank as to whether Atom Bank lend on "buy-to-let" properties and that the loan is for that purpose.

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Last updated on 06/12/2023 Section Two of the UK Finance Lenders’ Handbook for Atom Bank 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 Atom Bank lend on buy-to-let

As detailed above in 1.11, though we only need to be contacted if it appears from the mortgage or instructions that we are not aware that the property is let or to be let.

If the property, or part of it, is already let, or is to be let at completion, then the letting must comply with the details set out in the Atom Bank mortgage offer or any consent to let Atom Bank issue. If the letting fails to comply, or no such details are specified, you must report the position to Atom Bank

Part 2 of the UK Finance Lenders’ Handbook for Atom 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:

As per 1.11

Law firms on the Atom 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 Atom Bank after completion

In addressing the question whether the mortgage company requires a counterpart letting agreement to be sent Atom Bank says:

No - to be held on file with the title deeds and documents after completion unless otherwise stated in the offer.

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 Atom 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 Atom Bank panel or a buy to let mortgage broker click here.