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

Ulster Bank conveyancing instructions are set out in Part 1 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 Ulster Bank as to whether Ulster Bank lend on "buy-to-let" properties and that the mortgage is for that purpose.

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Previously updated on 23/11/2022 Section Two of the UK Finance Lenders’ Handbook for Ulster 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 Ulster Bank lend on buy-to-let

As detailed above in 1.11a, though we only need to be contacted if it appears from the mortgage offer or the instructions that we are not aware that the property is let or to be let.

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

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

As detailed above in 1.11a.

Conveyancing solicitors on the Ulster 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 Ulster Bank after completion

In addressing the question whether the lender requires a certified copy letting contract to be sent Ulster 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 Ulster 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 Ulster Bank panel or a buy to let mortgage broker click here.