Need Help?
Need professional advice for your consent to let with Ecology Building Society? 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 Ecology Building Society consent to let
- My brother and his girlfriend currently lodge with me at my apartment. Next Summer I would like to move out of the property and in with my GF. How likely is it that I will be able to get consent to let from Ecology Building Society after only having the mortgage for less than half a year?
- I took out a normal mortgage with Ecology Building Society last November and then had to relocate due to my job, I am now considering leasing my property out for a few months whilst I am abroad. Am I able to get a consent to let from Ecology Building Society, and what effect would this have?
- We are looking to lease our studio flat out. We have made an offer on a further property for us to purchase and a tenant at the ready to move into ours. I believe I have to ask our mortgage company Ecology Building Society for consent to let. I wonder if there is a template consent to let request letter I can use?
- As a result of a change in family circumstances my wife and I are moving to my mum and dad’s house while they are away and letting our home out. We are going to need for consent to let from Ecology Building Society. Will this be issued? We will need to refinance in the next twelve months will we then have to move to a BTL mortgage. We intend to return to our home at the beginning of 2017?
- I need to send the consent to let form by courier and wanted to know if Ecology Building Society have a regular mailing address I can use as couriers ordinarily don’t accept deliveries to PO Box numbers.
- My brother and I need to lease out my apartment to be nearer to my son’s college and look after of my mother. Do I need consent to let from my lender Ecology Building Society?
- I was wondering if you can assist. I do not have consent to let from Ecology Building Society and would like to know if this option would be possible for me to move to as I need to move back home to take care of my father
- Please can you inform me how much the fees are and if Ecology Building Society ordinarily grant consent to let without transferring to a commercial rate?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in in addition to the above Ecology Building Society 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
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 provisions in the lease may prevent you from letting or require that you obtain the consent of the freeholder. If such terms are not adhered to you may be in breach of the lease. This could potentially result in 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 obtain their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Ecology Building Society