Buy to Let - Royal Bank of Scotland Conveyancing Requirements for Properties Let at Completion

Royal Bank of Scotland buy-to-let obligations 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 Royal Bank of Scotland as to whether Royal Bank of Scotland lend on "buy-to-let" premises and that the mortgage is for that purpose.

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Previously updated on 07/11/2024 Section Two of the UK Finance Lenders’ Handbook for Royal Bank of Scotland 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 Royal Bank of Scotland 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 intructions that we are not aware that the property is let or to be let.

In situations where 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 Royal Bank of Scotland mortgage offer or any consent to let Royal Bank of Scotland issue. If the letting fails to comply, or no such details are specified, you must disclose the position to Royal Bank of Scotland

Part 2 of the UK Finance Lenders’ Handbook for Royal Bank of Scotland 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.

Law firms on the Royal Bank of Scotland 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 Royal Bank of Scotland after completion

In considering whether the bank requires a certified copy tenancy agreement to be sent Royal Bank of Scotland 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 Royal Bank of Scotland 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 Royal Bank of Scotland panel or a buy to let mortgage broker click here.