Buy to Let - Secure Trust Bank Conveyancing Requirements for Properties Let at Completion

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

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Last updated on 07/11/2018 Section Two of the UK Finance Lenders’ Handbook for Secure Trust Bank 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 Secure Trust Bank lend on buy-to-let

As 1.11

Where the premises, 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 Secure Trust Bank mortgage offer or any consent to let Secure Trust Bank issue. If the letting does not comply, or no such details are specified, you are obliged disclose the position to Secure Trust Bank

Part 2 of the UK Finance Lenders’ Handbook for Secure Trust Bank 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 1.11

Conveyancing solicitors on the Secure Trust Bank 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 Secure Trust Bank after completion

In addressing the question whether the mortgage company requires a certified copy letting agreement to be sent Secure Trust 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 Secure Trust 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 Secure Trust Bank panel or a buy to let mortgage broker click here.