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

Yorkshire Building Society legal requirements are expressed in Part 1 of the December 1st 2014 version 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 Yorkshire Building Society as to whether Yorkshire Building Society lend on "buy-to-let" properties and that the loan is for that purpose.

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Previously updated on 03/08/2023 Part 2 of the UK Finance Lenders’ Handbook for Yorkshire 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 Yorkshire Building Society lend on buy-to-let

As 1.11a.

If the property, 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 Yorkshire Building Society mortgage offer or any consent to let Yorkshire Building Society issue. If the letting fails to comply, or no such details are specified, you are obliged notify the position to Yorkshire Building Society

Part 2 of the UK Finance Lenders’ Handbook for Yorkshire Building Society specifies 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 1.11a.

Firms authorised on the Yorkshire 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 Yorkshire Building Society after completion

In addressing the question whether the lender requires a counterpart tenancy contract to be sent Yorkshire Building Society 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 Yorkshire 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 Yorkshire Building Society panel or a buy to let mortgage broker click here.