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

Bank of Ireland buy-to-let obligations are set out 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 let or is to be let at completion then you must check with Bank of Ireland as to whether Bank of Ireland lend on "buy-to-let" premises and that the mortgage is for that purpose.

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Last updated on 16/04/2024 Part 2 of the UK Finance Lenders’ Handbook for Bank of Ireland 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 Ireland lend on buy-to-let

See 1.11.
There is no need to check with us if the existing or proposed letting complies with the terms of the Offer.

In situations where 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 Bank of Ireland mortgage offer or any consent to let Bank of Ireland issue. If the letting does not comply, or no such details are specified, you are obliged disclose the position to Bank of Ireland

Part 2 of the UK Finance Lenders’ Handbook for Bank of Ireland specifies who you must 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:

See 1.11.

Property lawyers on the Bank of Ireland 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 Ireland after completion

In considering whether the mortgage company requires a counterpart tenancy agreement to be sent Bank of Ireland says:

Yes, to be placed with the title deeds after completion.

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 Ireland 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 Ireland panel or a buy to let mortgage broker click here.