Buy to Let - The Mortgage Business Conveyancing Requirements for Properties Let at Completion

The Mortgage Business legal requirements are expressed in Part 1 of the CML 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 The Mortgage Business as to whether The Mortgage Business lend on "buy-to-let" premises and that the mortgage is for that purpose.

Need help with "Buy to Let" from The Mortgage Business?

Last updated on 21/12/2022 Part 2 of the UK Finance Lenders’ Handbook for The Mortgage Business 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 The Mortgage Business lend on buy-to-let

The Mortgage Business, PO Box 548, Leeds LS1 1WU. Fax no. 0845 6039009
Applications which involve 'distressed sales' are not acceptable, i.e. to avoid repossession proceedings and/or sale & leaseback arrangements, whereby the vendor will not vacate the property but will continue to reside under an AST.

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 The Mortgage Business mortgage offer or any consent to let The Mortgage Business issue. If the letting fails to comply, or no such details are mentioned, you are obliged notify the position to The Mortgage Business

Part 2 of the UK Finance Lenders’ Handbook for The Mortgage Business outlines 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:

The Mortgage Business, PO Box 548, Leeds LS1 1WU. Fax no. 0845 6039009

Firms authorised on the The Mortgage Business 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 The Mortgage Business after completion

In addressing the question whether the lender requires a certified copy letting agreement to be sent The Mortgage Business says:

No, please forward to the borrower

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 The Mortgage Business 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 The Mortgage Business panel or a buy to let mortgage broker click here.