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

Reliance Bank buy-to-let obligations are set out in Part 1 of the Council of Mortgage Lenders’ 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 Reliance Bank as to whether Reliance Bank lend on "buy-to-let" premises and that the mortgage is for that purpose.

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Previously updated on 19/10/2022 Part 2 of the UK Finance Lenders’ Handbook for Reliance 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 Reliance Bank lend on buy-to-let

mortgages@reliancebankltd.com or
0207 398 5422 - Option 1 Discuss New Lending/Option 2 Discuss existing Reliance Bank Mortgage

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

Part 2 of the UK Finance Lenders’ Handbook for Reliance Bank 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:

mortgages@reliancebankltd.com or
0207 398 5422 - Option 1 Discuss New Lending/Option 2 Discuss existing Reliance Bank Mortgage

Law firms on the Reliance 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 Reliance Bank after completion

In addressing the question whether the mortgage company requires a certified copy tenancy contract to be sent Reliance Bank says:

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