Need Help?
Need professional advice for your consent to let with Aviva Equity Release UK Ltd? 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 Aviva Equity Release consent to let
- I have a friend who is thinking about renting their house out and moving in with partner. She has a house in Westminster and has a £95k mortgage with Aviva Equity Release. What would she need to do to get consent to let if she decides to proceed.
- I have a residential Aviva Equity Release mortgage and am keen to gain consent to let as I would like to move to another property that I own. It seems you can assist. How do your fees work for this service?
- The hope is to move house. The query I have is whether consent to let will be given on my property for me to subsequently obtain a mortgage for the new house so I can put in an offer chain free and then rent my property out should I move. Does Aviva Equity Release give consent to let for 12 months? If so, and the letting goes to plan can the consent to let time limit be prolonged further?
- I have been offered a once in a lifetime job opportunity for 9 months in New York. I do have sufficient cash reserves to pay the monthly Aviva Equity Release mortgage however the buildings insurance stipulates continuous residency in order not to be invalidated. Last Christmas the roof had some leaks that were repaired. If there happened to be any problems during the winter months I would find it hard to afford repair costs. How likely is it that I will get consent to let by Aviva Equity Release for a limited period?
- I have a Aviva Equity Release mortgage currently and potentially wish to let it out temporarily with consent from Aviva Equity Release for (1 year). Is this achievable?
- I have a mortgage with Aviva Equity Release at present and just enquiring whether Aviva Equity Release currently allows consent to let
- My daughter has a mortgage with Aviva Equity Release and she wants to lease her apartment out as she moving in with her boyfriend.Will she be given consent to let? What is the process and fees involved?
- Do you have the address to which a Consent to Let request to be sent for Aviva Equity Release? Sorry about bothering you with this query.
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in conjunction with the above Aviva Equity Release consent to let Questions and Answers
Tax and Legal
There may be various 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
Where 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 inform them could result in your insurance becoming invalid. 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 lease may prohibit 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 inform 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 Aviva Equity Release your property may be repossessed