Need Help?
Need professional advice for your consent to let with Harpenden Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Recently asked questions relating to Harpenden Building Society consent to lease
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Soon to be packing up as my husband and I are moving to Australiain Month, possibly for a little as 9 months but potentially longer term. I have contacted Harpenden Building Society for consent to let out our home in Harpenden Building Society. The mortgage has been in place with Harpenden Building Society for 5 years and there have been no arrears. Harpenden Building Society inform me, that even if they do agree, that this will be a temporary arrangement for one year. After the year is up what happens next?
- I am looking to move and let out my two bedroom ground floor purpose built flat in Barnet. Having bought it in spring 2008 and currently on a high ltv there is little equity in it. My mortgage is with Harpenden Building Society. Do you know where Harpenden Building Society stand on consent to let?
- Do the letting agents we rented through owe us a a legal obligation to have checked that the landlord got consent to let from Harpenden Building Society?
- My mortgage is with Harpenden Building Society and wonder if I am required to notify them if we no longer reside in my house. I believe that they may load the interest rate if we move and let it out but it's not very apparent what the increase would be. If I decide to lease my house out and apply for consent to let in what way would the payments go up?
- Harpenden Building Society. Will they issue consent to let a property for two years? I reoccupy as an owner.
- Can you explain the process for being given consent to let from Harpenden Building Society? Is there certain requirements for example you have to have owned the property for over 6 or 12 months before its given?
- I am a Harpenden Building Society borrower. I would like to apply for consent to let my house. I have been waiting for a response from Harpenden Building Society. Are you able to please check and help?
- I'm considering a remortgage offer with Harpenden Building Society and it's likely I will need take advantage of any consent to let option if available during the fixed period. Are there any charges I should consider?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in in addition to the above Harpenden Building Society consent to let Info
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
If 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 trigger 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
If your property is 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 restrictions are not strictly observed you may be in violation 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.
If you do not keep up the payments on your mortgage with Harpenden Building Society your property may be repossessed