Buy to Let - Virgin Conveyancing Requirements for Properties Let at Completion

Virgin buy-to-let obligations are expressed in Part 1 of the 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 Virgin as to whether Virgin lend on "buy-to-let" properties and that the mortgage is for that purpose.

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Last updated on 26/09/2023 Section Two of the UK Finance Lenders’ Handbook for Virgin 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 Virgin lend on buy-to-let

Mortgage Processing
Operations
Virgin Money
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL

or DX 60350 Gosforth

Solicitors Helpline: 0845 604 4858

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

Part 2 of the UK Finance Lenders’ Handbook for Virgin 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:

Mortgage Processing
Operations
Virgin Money
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL

or DX 60350 Gosforth

Solicitors Helpline: 0845 604 4858

Property lawyers on the Virgin 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 Virgin after completion

In addressing the question whether the mortgage company requires a certified copy tenancy contract to be sent Virgin 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 Virgin 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 Virgin panel or a buy to let mortgage broker click here.