Need Help?
Need professional advice for your consent to let with ASTRA mortgages? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Sample questions relating to ASTRA mortgages consent to let
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My husband and I acquired a flat in 2012 for 155,000 with ASTRA mortgages. My husbands career requires that we move to Gibraltar and realise that I need to request consent to let from ASTRA mortgages. Do you have any experience of consent to let from ASTRA mortgages?
- I have a home loan with ASTRA mortgages on a flat and I would like to find a tenant for it out and rent an alternative house as a result of changes in personal circumstances - I want to move to a different location, and to live in a bigger house with my fiance. I sought consent to let and yesterday got reply with a refusal because they determined that I want to invest. I as at a loss as to what my options are. The process has put me at risk since I am already committed to the new property and would have to pay both the ASTRA mortgages mortgage and rent payments, which could expose me financially. The matter needs to be resolved soon because a potential tenant waiting on the sidelines
- My partner and I purchased a apartment in Newcastle and will be moving to Cornwall at the beginning of January. I have a letting agency and tenant now. I was planning to leave everything as it stands as I'm concerned ASTRA mortgages will insist that I change my mortgage rate over to a buy to let and am unable to afford that. I would like to secured a consent to let via ASTRA mortgages but am afraid if I open Pandora's box it would result in no end of problems
- Twenty years ago I was granted permission by the local authority and my mortgage provider ASTRA mortgages to convert a small barn into a granny annex, conditional on it not being disposed of separately from the main house. My parents died some years ago and I would now like to let it out with consent to let from ASTRA mortgages. Do you think this will be possible?
- When it comes to consent to let from ASTRA mortgages am I supposed to inform them every time we get a new tenant and post them a copy of the tenancy?
- I am seeking consent to let for my property as I am moving out for nine months currently fixed ASTRA mortgages mortgage with two years which is up in June next year.
- I would like to let my home for 3 years at most. I would like to know if I could have a consent to let from my current mortgage lender ASTRA mortgages?
- I am a ASTRA mortgages borrower. I would like to apply for consent to let my property. I have been waiting for a response from ASTRA mortgages. Could you please check and help?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in further to the above ASTRA mortgages consent to let Advice
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
You must inform your buildings/contents insurer that you are letting your property and failing to do so can render any insurance you have invalid. Especially having public liability cover is very important as it protects you in the event of a third party being injured on your property, not having this leaves you open to claims made by tenants for personal injury or damage to their possessions arising from incidents connected with your property lack of consent to rent.
Leasehold properties
Should the tenure of your property be leasehold, the lease may prohibit you from letting or require that you obtain the consent of the freeholder. If such conditions are not complied with you may be in violation of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting to advise your co-owner of your intention to let could result in them taking legal action against you. Be sure to obtain their consent in writing.
If you do not keep up the payments on your mortgage with ASTRA mortgages your property may be repossessed