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

Landmark legal requirements 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 Landmark as to whether Landmark lend on "buy-to-let" properties and that the mortgage is for that purpose.

Need help with "Buy to Let" from Landmark?

Previously updated on 19/07/2016 Part 2 of the UK Finance Lenders’ Handbook for Landmark 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 Landmark lend on buy-to-let

New Mortgage Completions
Landmark Mortgages
PO Box 656
Durham
DH1 9LY

Tel - 0330 159 7152

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 Landmark mortgage offer or any consent to let Landmark issue. If the letting fails to comply, or no such details are specified, you are obliged disclose the position to Landmark

Part 2 of the UK Finance Lenders’ Handbook for Landmark specifies 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:

New Mortgage Completions
Landmark Mortgages
PO Box 656
Durham
DH1 9LY

Tel - 0330 159 7152

Firms authorised on the Landmark 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 Landmark after completion

In addressing the question whether the mortgage company requires a counterpart letting contract to be sent Landmark says:

Yes, Counterpart after completion with the Title Deeds.

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