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

Hodge legal requirements are explicit in Part 1 of the CML Handbook which provides that unless it is clear from the mortgage offer that the property is tenanted or is to be let at completion then you must check with Hodge as to whether Hodge lend on "buy-to-let" properties and that the mortgage is for that purpose.

Need help with "Buy to Let" from Hodge?

Previously updated on 24/01/2024 Section Two of the UK Finance Lenders’ Handbook for Hodge 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 Hodge lend on buy-to-let

As per 1.11a providing full details and await our response prior to proceeding

In situations where the residence, 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 Hodge mortgage offer or any consent to let Hodge issue. If the letting does not comply, or no such details are specified, you must disclose the position to Hodge

Part 2 of the UK Finance Lenders’ Handbook for Hodge 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 per 1.11a

Conveyancing solicitors on the Hodge 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 Hodge after completion

In considering whether the lender requires a counterpart tenancy agreement to be sent Hodge says:

No, but please retain a copy on your file

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 Hodge 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 Hodge panel or a buy to let mortgage broker click here.