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

LiveMore legal requirements are explicit 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 LiveMore as to whether LiveMore lend on "buy-to-let" premises and that the mortgage is for that purpose.

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Last updated on 05/09/2024 Section Two of the UK Finance Lenders’ Handbook for LiveMore 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 LiveMore lend on buy-to-let

We do not allow properties to be let. Please contact us if you are aware that the property is to be let.

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

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

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Property lawyers on the LiveMore 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 LiveMore after completion

In considering whether the lender requires a certified copy letting contract to be sent LiveMore specifically states:

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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 LiveMore 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 LiveMore panel or a buy to let mortgage broker click here.