Buy to Let - Furness Building Society Conveyancing Requirements for Properties Let at Completion

Furness Building Society conveyancing instructions are explicit 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 Furness Building Society as to whether Furness Building Society lend on "buy-to-let" properties and that the loan is for that purpose.

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Previously updated on 30/04/2019 Part 2 of the UK Finance Lenders’ Handbook for Furness Building Society 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 Furness Building Society lend on buy-to-let

As 1.11a

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 Furness Building Society mortgage offer or any consent to let Furness Building Society issue. If the letting fails to comply, or no such details are mentioned, you are obliged report the position to Furness Building Society

Part 2 of the UK Finance Lenders’ Handbook for Furness Building Society 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:

As 1.11a

Law firms on the Furness Building Society 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 Furness Building Society after completion

In considering whether the mortgage company requires a certified copy letting agreement to be sent Furness Building Society says:

Yes, with the title deeds, unless the offer of mortgage makes no reference to tenancies or leases, in which case copies are required prior to 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 Furness Building Society 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 Furness Building Society panel or a buy to let mortgage broker click here.