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

Molo Finance Buy to Let buy-to-let obligations 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 let or is to be let at completion then you must check with Molo Finance Buy to Let as to whether Molo Finance Buy to Let lend on "buy-to-let" properties and that the mortgage is for that purpose.

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Last updated on 19/03/2024 Section Two of the UK Finance Lenders’ Handbook for Molo Finance Buy to Let 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 Molo Finance Buy to Let lend on buy-to-let

As 1.11a.

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 Molo Finance Buy to Let mortgage offer or any consent to let Molo Finance Buy to Let issue. If the letting fails to comply, or no such details are specified, you must disclose the position to Molo Finance Buy to Let

Part 2 of the UK Finance Lenders’ Handbook for Molo Finance Buy to Let 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.

Property lawyers on the Molo Finance Buy to Let 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 Molo Finance Buy to Let after completion

In considering whether the bank requires a counterpart letting agreement to be sent Molo Finance Buy to Let specifically states:

No, 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 Molo Finance Buy to Let 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 Molo Finance Buy to Let panel or a buy to let mortgage broker click here.