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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.
Harpenden Building Society consent to let: Q and A’s
- My question does not specifically concern consent to let, I was hoping that you have an address or telephone number for a dedicated Harpenden Building Society team who deal with consent to let applications. Harpenden Building Society has a mortgage over my home.
- I rented my house out for three years from 2009-2012 while working in New York. I have a letter dated May 2010 from the mortgage company granting consent to let. In the letter it clearly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not remortgaged since the letter was issued. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not be sufficient for the new lender Harpenden Building Society for the house I intend to buy.Your view would be appreciated
- I sought consent but was turned down as I did a remortgage in July but Woolwich does not give consent if mortgage is less than 6 months old. Now I am worried when 6 months is gone are they going to find some other criteria that will not be ok. On the other hand I can remortgage with Harpenden Building Society but will they give me consent straight away?
- I have a prevailing Harpenden Building Society loan on a house for the last eight years. Since then I've married and live in my husband’s home. My property is currently unoccupied and we either need to sell or let it out. Clearly this could be a long term agreement as the probability of moving back is low. What should I advise Harpenden Building Society with a view to obtaining consent to let?
- So this is the scenario: I am moving to become a non-UK resident. Potentially for a number of years. However I will be on a four month probation period .I'm wanting to know how to go about getting consent to let from Harpenden Building Society and any costs involved
- I have a mortgage with Harpenden Building Society on a 2 year fixed term contract. I may have an opportunity for a teaching job in Belgium next year. Would I qualify for consent to let via Harpenden Building Society if I took this opportunity abroad?
- Is it possible that Harpenden Building Society would have an internal record as to whether consent to let was granted for a specific property?
- My brother and I would like to obtain consent to let on a house where we have a mortgage with Harpenden Building Society. If granted, how long would consent be given for? In asking for consent to let from Harpenden Building Society are we running the risk of them forcing us to change deal to B2L
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings 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
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
Should the tenure of your property be leasehold, the lease may prohibit 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 trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Failure to inform 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 Harpenden Building Society your property may be repossessed