Buy to Let - Coutts Finance Conveyancing Requirements for Properties Let at Completion

Coutts Finance legal requirements 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 Coutts Finance as to whether Coutts Finance lend on "buy-to-let" properties and that the mortgage is for that purpose.

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Last updated on 26/02/2024 Section Two of the UK Finance Lenders’ Handbook for Coutts Finance 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 Coutts Finance lend on buy-to-let

See 1.11. See also our 'Separate Instructions'.

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 Coutts Finance mortgage offer or any consent to let Coutts Finance issue. If the letting does not comply, or no such details are specified, you are obliged disclose the position to Coutts Finance

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

See 1.11

Property lawyers on the Coutts Finance 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 Coutts Finance after completion

In considering whether the lender requires a certified copy tenancy contract to be sent Coutts Finance says:

Yes, a certified copy of the counterpart 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 Coutts Finance 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 Coutts Finance panel or a buy to let mortgage broker click here.