Buy to Let - National Westminster Bank Conveyancing Requirements for Properties Let at Completion

National Westminster Bank legal requirements are explicit in Part 1 of the Council of Mortgage Lenders’ 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 National Westminster Bank as to whether National Westminster Bank lend on "buy-to-let" properties and that the loan is for that purpose.

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Previously updated on 07/11/2024 Part 2 of the UK Finance Lenders’ Handbook for National Westminster 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 National Westminster Bank lend on buy-to-let

As detailed above in clause 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.

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 National Westminster Bank mortgage offer or any consent to let National Westminster Bank issue. If the letting does not comply, or no such details are mentioned, you must disclose the position to National Westminster Bank

Part 2 of the UK Finance Lenders’ Handbook for National Westminster 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 1.11a

Property lawyers on the National Westminster Bank 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 National Westminster Bank after completion

In considering whether the mortgage company requires a counterpart tenancy contract to be sent National Westminster Bank 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 National Westminster 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 National Westminster Bank panel or a buy to let mortgage broker click here.