Buy to Let - Co operative Bank Conveyancing Requirements for Properties Let at Completion

Co operative 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 let or is to be let at completion then you must check with Co operative Bank as to whether Co operative Bank lend on "buy-to-let" premises and that the loan is for that purpose.

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Previously updated on 17/10/2023 Section Two of the UK Finance Lenders’ Handbook for Co operative 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 Co operative Bank lend on buy-to-let

See 1.11a earlier.

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

Part 2 of the UK Finance Lenders’ Handbook for Co operative Bank 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:

See 1.11a earlier.

Firms authorised on the Co operative Bank 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 Co operative Bank after completion

In addressing the question whether the bank requires a counterpart tenancy agreement to be sent Co operative Bank 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 Co operative 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 Co operative Bank panel or a buy to let mortgage broker click here.