Need Help?
Need professional advice for your consent to let with DB UK Bank Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
DB UK Bank Consent to Lease Example Support Desk Enquires
- Me and my partner were looking to buy a studio flat with a £20,000 deposit with the intention of living there. Somewhat fortuitously the in-laws have plans to move to Spain for a couple of years so we would be moving into theirRedbridge bungalow to "housesit". If we were to go ahead with a residential mortgage with DB UK Bank would we likely encounter any difficulties with obtaining consent to let ?
- Am I required to notify DB UK 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 independent advice on the insurance, legal and tax ramifications.
- I have an existing DB UK Bank loan on a property since 2000. Since then I've married and moved into my husband’s home. At the moment the property is empty and have a choice to sell or let it out. Clearly this could be a long term proposition as the probability of moving back is low. What should I tell DB UK Bank in order to get consent to let?
- I am hoping to make use of equity in my present house to acquire another property which I propose to live in whilst I renovate it. I would like to let out my existing property with the DB UK Bank mortgage. I was just seeking a general view on whether DB UK Bank currently allows consent to let? House is valued at £350 k with a £150k mortgage in place.
- I am looking for information on the requirements that DB UK Bank set for consent to let? Can you assist?
- I am looking to DB UK Bank to grant consent to let out my flat in Redbridge. I am moving to Mexico for 6 months for work.
- I was just looking into consent to let as it's something potentially I require from DB UK Bank within the next 12 months. Our family circumstances has changed, and I wish to lease my property out
- I am currently refinancing and investigating the flexibility of certain mortgage providers when it comes to consent to let. DB UK Bank is one of the mortgage companies I am considering. How accommodating are they are far as consent to let is concerned?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supporting the above DB UK Bank consent to let information
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
Failure to inform your insurance company of your intention to let could invalidate your insurance or leave you under-insured.This means that you could be personally liable for any claim made against you. 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
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 terms are not adhered to you may be in breach of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting 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 DB UK Bank your property may be repossessed