Buy to Let - Britannia Conveyancing Requirements for Properties Let at Completion

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

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Last updated on 27/03/2023 Part 2 of the UK Finance Lenders’ Handbook for Britannia 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 Britannia lend on buy-to-let

Britannia New Lending Britannia House Leek Staffordshire Moorlands ST13 5RG or Britannia New Lending DX 16351 Leek. Telephone and Fax numbers as shown on the letter enclosing the Offer of Advance

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 Britannia mortgage offer or any consent to let Britannia issue. If the letting fails to comply, or no such details are specified, you are obliged report the position to Britannia

Part 2 of the UK Finance Lenders’ Handbook for Britannia deals with 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:

Britannia New Lending Britannia House Leek Staffordshire Moorlands ST13 5RG or Britannia New Lending DX 16351 Leek. Telephone and Fax numbers as shown on the letter enclosing the Offer of Advance

Law firms on the Britannia 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 Britannia after completion

In addressing the question whether the bank requires a counterpart tenancy contract to be sent Britannia specifically states:

We do not lend on a property that is let or will be let on 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 Britannia 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 Britannia panel or a buy to let mortgage broker click here.