Need Help?
Need professional advice for your consent to let with Fleet Mortgages? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Fleet Mortgages Consent to Lease Example Support Desk Enquires
- I have just come off the phone to Fleet Mortgages who have advised me that they have found out that I have been renting the maisonette despite having a domestic mortgage. I moved out a couple of years ago for childcare reasons, couldn't sell and so had little choice to rent out my property. Are you able to advise me on the financial repercussions will be for me not obtaining consent to let?
- My brother and his fiance currently lodge with me at my flat. This Spring I would like to move out of the flat and in with my partner. How likely is it that I will be able to get consent to let from Fleet Mortgages after only having the mortgage for less than half a year?
- My mortgage with Fleet Mortgages has been in place for just over eight months but I recently found out I will soon lose my job. I would appreciate some advice on obtaining consent to let from Fleet Mortgages
- I have found myself in the accidental landlord scenario and didnt inform Fleet Mortgages. I had to leave my flat for family reasons, so am now based in another part of the country. I originally tried to sell the flat, but prices were low, which meant I was in negative equity. This was four years ago in 2011, which has since seen the property price increase and has allowed me time to save. I am in now in a position where I can now transfer to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Fleet Mortgages that I have been letting without consent to let? I am aware that I shouldn’t have done this, but circumstances meant it was the only thing I could do to keep my head above water. Any help will be greatly appreciated?
- I am looking to Fleet Mortgages to issue me with consent to let out my basement flat in Greenwich. I am moving to Norway for Eight months for work.
- Is it possible to remortgage with Fleet Mortgages with consent to let if my fixed rate is coming to an end. Circumstances would not have changed.
- I am relocating for work for as long as 12 months... I was wondering if I was able to procure from Fleet Mortgages consent to let the property out while abroad as I do not want to leave it empty for that period
- I am a Fleet Mortgages borrower. I would like to apply for consent to let my property. I have been waiting for a response from Fleet Mortgages. Could you please check and help?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in conjunction with the above Fleet Mortgages consent to let Questions and Answers
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
Omitting 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
Should the tenure of your property be leasehold, the provisions in the lease may prevent 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 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 Fleet Mortgages your property may be repossessed