Buy to Let - Fleet Mortgages Conveyancing Requirements for Properties Let at Completion

Fleet Mortgages legal requirements are set out 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 Fleet Mortgages as to whether Fleet Mortgages lend on "buy-to-let" properties and that the mortgage is for that purpose.

Need help with "Buy to Let" from Fleet Mortgages?

Last updated on 22/01/2024 Section Two of the UK Finance Lenders’ Handbook for Fleet Mortgages 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 Fleet Mortgages lend on buy-to-let

See 1.11a. Your attention is drawn, however, to the terms of the mortgage offer. We do not require a report if consent to the property being let is granted under the terms of the offer.

If 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 Fleet Mortgages mortgage offer or any consent to let Fleet Mortgages issue. If the letting does not comply, or no such details are specified, you must report the position to Fleet Mortgages

Part 2 of the UK Finance Lenders’ Handbook for Fleet Mortgages outlines 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

Firms authorised on the Fleet Mortgages 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 Fleet Mortgages after completion

In addressing the question whether the bank requires a certified copy tenancy agreement to be sent Fleet Mortgages says:

No. We may, however, ask you for copies of the documents if we require them.

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 Fleet Mortgages 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 Fleet Mortgages panel or a buy to let mortgage broker click here.