Buy To Let Conveyancing

Fast conveyancing for Buy to Let purchases

Buy-to-let conveyancing is the legal process of transferring the ownership of a property from one entity to another, either an individual or a limited company. Fundamentally the property is intended to be rented out rather than lived in by the owner. The investor’s solicitor will manage the legal process involving property searches, contract review, raising enquiries with the seller’s solicitor and ensuring compliance with tenancy regulations. Also, specifically as a buy to let, the solicitor will have to ensure the property can be legally rented and check for any restrictions in leasehold agreements. 

If purchasing with buy to let with a mortgage, it will need to be a specific buy to let mortgage rather than a residential one. The buyer’s solicitor will verify the mortgage conditions to ensure the purchase meets the requirements of the buy to let mortgage lender. If a House in Multiple Occupation (HMO) it will require extra regulatory compliance (landlord licensing).

With this more complex conveyancing process, it is advisable that when buying or selling a rental property, both solicitors have experience of working with investment properties and working with buy to let mortgages. They understand the buy to let process, lending criteria and the common paperwork. Critically that they can work to the quick conveyancing schedule required by both the client and the lender.