Buy to Let - Swansea Building Society Conveyancing Requirements for Properties Let at Completion

Swansea Building Society conveyancing instructions are explicit in Part 1 of the 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 Swansea Building Society as to whether Swansea Building Society lend on "buy-to-let" premises and that the loan is for that purpose.

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Last updated on 08/02/2024 Section Two of the UK Finance Lenders’ Handbook for Swansea Building Society 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 Swansea Building Society lend on buy-to-let

11/12 Cradock Street
Swansea
SA1 3EW
01792 739100

In situations 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 Swansea Building Society mortgage offer or any consent to let Swansea Building Society issue. If the letting does not comply, or no such details are specified, you are obliged disclose the position to Swansea Building Society

Part 2 of the UK Finance Lenders’ Handbook for Swansea Building Society deals with 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:

11/12 Cradock Street
Swansea
SA1 3EW
01792 739100

Law firms on the Swansea Building Society 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 Swansea Building Society after completion

In considering whether the mortgage company requires a certified copy letting contract to be sent Swansea Building Society says:

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 Swansea Building Society 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 Swansea Building Society panel or a buy to let mortgage broker click here.