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

Virgin 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 Virgin as to whether Virgin lend on "buy-to-let" premises and that the loan is for that purpose.

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Last updated on 18/09/2024 Part 2 of the UK Finance Lenders’ Handbook for Virgin 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 Virgin lend on buy-to-let

Mortgage Processing
Operations
Virgin Money
Gosforth
Newcastle upon Tyne
NE3 4PL
Solicitor Helpline: 0845 604 4858
Solicitor Email: postoffer@virginmoney.com

If the premises, 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 Virgin mortgage offer or any consent to let Virgin issue. If the letting does not comply, or no such details are specified, you must report the position to Virgin

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

Mortgage Processing
Operations
Virgin Money
Gosforth
Newcastle upon Tyne
NE3 4PL
Solicitor Helpline: 0845 604 4858
Solicitor Email: postoffer@virginmoney.com

Conveyancing solicitors on the Virgin 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 Virgin after completion

In considering whether the lender requires a certified copy letting agreement to be sent Virgin 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 Virgin 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 Virgin panel or a buy to let mortgage broker click here.