Buy to Let - Better HomeOwnership Conveyancing Requirements for Properties Let at Completion

Better HomeOwnership conveyancing instructions are set out 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 Better HomeOwnership as to whether Better HomeOwnership lend on "buy-to-let" premises and that the loan is for that purpose.

Need help with "Buy to Let" from Better HomeOwnership?

Last updated on 13/09/2024 Section Two of the UK Finance Lenders’ Handbook for Better HomeOwnership 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 Better HomeOwnership lend on buy-to-let

See 1.11

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 Better HomeOwnership mortgage offer or any consent to let Better HomeOwnership issue. If the letting fails to comply, or no such details are mentioned, you are obliged notify the position to Better HomeOwnership

Part 2 of the UK Finance Lenders’ Handbook for Better HomeOwnership 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:

See 1.11

Property lawyers on the Better HomeOwnership 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 Better HomeOwnership after completion

In considering whether the lender requires a counterpart letting agreement to be sent Better HomeOwnership 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 Better HomeOwnership 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 Better HomeOwnership panel or a buy to let mortgage broker click here.