Buy to Let - Masthaven Bank Conveyancing Requirements for Properties Let at Completion

Masthaven Bank conveyancing instructions are expressed 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 tenanted or is to be let at completion then you must check with Masthaven Bank as to whether Masthaven Bank lend on "buy-to-let" premises and that the loan is for that purpose.

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Last updated on 30/07/2021 Section Two of the UK Finance Lenders’ Handbook for Masthaven 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 Masthaven Bank lend on buy-to-let

As per 1.11.

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

Part 2 of the UK Finance Lenders’ Handbook for Masthaven Bank outlines 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 1.11.

Conveyancing solicitors on the Masthaven 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 Masthaven Bank after completion

In addressing the question whether the mortgage company requires a counterpart letting contract to be sent Masthaven Bank specifically states:

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 Masthaven 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 Masthaven Bank panel or a buy to let mortgage broker click here.