Buy to Let - Mortgage Agency Services Conveyancing Requirements for Properties Let at Completion

Mortgage Agency Services conveyancing instructions are expressed 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 Mortgage Agency Services as to whether Mortgage Agency Services lend on "buy-to-let" properties and that the mortgage is for that purpose.

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Last updated on 27/03/2023 Section Two of the UK Finance Lenders’ Handbook for Mortgage Agency Services 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 Mortgage Agency Services lend on buy-to-let

Mortgage Agency Services PO Box 138 Plymouth Devon PL1 1XY

Where the property, 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 Mortgage Agency Services mortgage offer or any consent to let Mortgage Agency Services issue. If the letting does not comply, or no such details are mentioned, you are obliged notify the position to Mortgage Agency Services

Part 2 of the UK Finance Lenders’ Handbook for Mortgage Agency Services specifies 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:

Mortgage Agency Services PO Box 138 Plymouth Devon PL1 1XY

Law firms on the Mortgage Agency Services 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 Mortgage Agency Services after completion

In addressing the question whether the lender requires a certified copy tenancy contract to be sent Mortgage Agency Services specifically states:

Yes

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 Mortgage Agency Services 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 Mortgage Agency Services panel or a buy to let mortgage broker click here.