Buy to Let - Barclays plc Conveyancing Requirements for Properties Let at Completion

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

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Previously updated on 22/10/2024 Section Two of the UK Finance Lenders’ Handbook for Barclays plc 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 Barclays plc lend on buy-to-let

Where the loan is explicitly identified in the Mortgage Offer as a Buy to Let purchase or remortgage, you do not need to inform us that the transaction is for Buy to Let purposes.
Where the BTL transaction includes a sale and lease back arrangement you only need you contact us if either of the following criteria are not met:
• Lease term is from 6 to 36 months
• The property must not be used for a sales office (except where the garage alone is to be used for such purpose
• The tenant must not be the previous owner of the property.
• The property cannot be used as the site’s official sales office – other than where the garage alone is to be used for such purpose.
• The developer’s Licence Agreement that the property will be returned to original state must be evidenced.

If the residence, 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 Barclays plc mortgage offer or any consent to let Barclays plc issue. If the letting does not comply, or no such details are mentioned, you must notify the position to Barclays plc

Part 2 of the UK Finance Lenders’ Handbook for Barclays plc 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:

Issuing Office

Conveyancing solicitors on the Barclays plc 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 Barclays plc after completion

In considering whether the mortgage company requires a certified copy tenancy agreement to be sent Barclays plc 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 Barclays plc 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 Barclays plc panel or a buy to let mortgage broker click here.