Need Help?
Need professional advice for your consent to let with Adam & Company? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Examples of recent questions relating to Adam & Company consent to let
- We are a newly married couple and we found a property in Bexley that we like and wish to take out a mortgage with Adam & Company. My concern is that I am pregnant and about to give birth any time soon as I am on the last few weeks of pregnancy. This means that it would not be possible for us to move right away so we are contemplating living with our parents for about six months. Meanwhile, if we get this property, we can let it out. We just wondering how will that work out? Will we be liable to get consent to let from Adam & Company
- I currently have a mortgage offer with Adam & Company. With any luck I will get keys in the next few weeks, however I may potentially be moved abroad for work. Would it be possible for me to obtain consent to let from Adam & Company shortly after completing. Are there any other options open to me?
- I've been with Adam & Company for nearly 2 years and have just renewed a fixed rate. The loan to value is around 28%. We now need to move into my mum’s flat to look after her, it would make sense to lease our house out - do I require consent to let from Adam & Company and is it likely to be expensive?
- I am seeking some feedback as to whether consent to let from Adam & Company is the correct approach. I purchased my property last July by porting a Adam & Company mortgage product. My fixed rate ran out two months ago I'm currently considering moving in with a new partner. I don't want to sell my house yet as I'm unsure of whether the new move will work out. I just wanted an idea of whether a consent to let from Adam & Company would be possible?
- Prospective tenants are about to rent my property and I have mortgage offer from Adam & Company on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
- Is consent to let a cost efficient way of becoming a landlord? Isn't this a loophole for some people to exploit?
- I am looking to get consent to let with my Adam & Company residential mortgage. It is a mid terraced house. Do Adam & Company grant consent on this basis? Or would it be regarded as an HMO?
- I have only recently completed my homeloan with Adam & Company since when my boyfriend has proposed and we are deciding whether to reside in his house or mine. Would I be issued consent to let if I decided to move into his property
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in supplemental the above Adam & Company consent to let information
Tax and Legal
There are numerous potential tax and legal (from restrictions on title, lease prohibitions to planning issues) implications when letting out your property. You should always seek the advice of a solicitor and accountant before letting out your property.
Insurance
If you hold buildings and contents insurance on your property you should review it to make sure it continues to provide the cover you need. It is also important that you update your insurance provider of your change in circumstance, as failure to notify them could trigger your insurance becoming null and void. As a minimum you should ensure that you are covered for any third party liability in respect of injuries to your tenant whilst at your property
Leasehold properties
Should the tenure of your property be leasehold, the provisions in the lease may prevent you from letting or require that you obtain the consent of the freeholder. If such restrictions are not strictly observed you may be in violation of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Failure to advise your co-owner of your intention to let could result in them taking legal action against you. Be sure to record their consent in writing.
If you do not keep up the payments on your mortgage with Adam & Company your property may be repossessed