Need Help?
Need professional advice for your consent to let with Danske Bank UK? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Top Five Questions relating to Danske Bank consent to lease
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Will Danske Bank choose to operate a right to increase interest rates on a residential mortgage where Consent to Let at any time, onto ‘rates equivalent to their Buy to Let loans'?
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Danske Bank have just granted me consent to let. After some effort, Danske Bank have issued me with ‘consent to let’ confirmation . Mention is made of an assured shorthold tenancy. Can you explain what this is?
- What are the chances of Danske Bank in granting Consent To Let on a maisonette? It is currently on the market and it has been for three months. I need to sell but I'm worried that if there is no interest I will need to rent out the property in order to cover the monthly payments to Danske Bank (I no longer live at the address). I would prefer to be up front with Danske Bank than do it on the sly but I'm not sure how accomodating they would be.
- Am I required to inform Danske Bank of my plan to take in a lodger. I have two spare rooms that could be used by lodgers and I was thinking that as the occupancy remains in keeping with that of the 'family' use of the property it might not require consent to let. Can you help clarify? I am taking separate advice on the insurance, legal and tax implications.
- I am looking to get consent to let on my Greenwich apartment from Danske Bank. I will be leaving the UK for a year so wish to know if I am able to rent out my apartment
- If I am tied into a fixed rate with Danske Bank but am considering letting out my property, is there a fee for consent to let from Danske Bank and does the interest rate increase?
- Can I get an interest only mortgage with consent to let when my current Danske Bank deal runs out December 17?
- We are looking to place my house on rent due to job commitments and was wondering if this is possible to negotiate consent to let. It is on a fixed rate mortgage with Danske Bank until 2017 November
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in supplemental the above Danske Bank 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
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
If your property is leasehold, the lease may prohibit you from letting or require that you to have a license to do so from the freeholder. If such restrictions are not strictly observed you may be in violation of your covenants under the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to advise your co-owner of your intention to let could result in them commencing legal proceedings against you. Be sure to record their consent in writing.
If you do not keep up the payments on your mortgage with Danske Bank your property may be repossessed