Need Help?
Need professional advice for your consent to let with Pepper Homeloans? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Top Five Questions relating to Pepper Homeloans consent to lease
-
Having endured living in a rough area for 3 years now, we are keen to relocate. As selling the flat will trigger a hefty early repayment charges to Pepper Homeloans of £3500, we considered that it would be sensible to let it out. So, we need to obtain a consent to lease from Pepper Homeloans only 12 months. Will Pepper Homeloans grant consent?
-
Pepper Homeloans have just granted me consent to let. After some effort, Pepper Homeloans have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. Can you explain what this is?
- I am looking to get a consent to let from Pepper Homeloans as my personal situation has changed. My stepdaughter started college and I concluded that we would move nearby and decided to buy a house as opposed to rent for 3 years. Since purchasing the house there has been breakdown in my relationship with my my step daughter and she refuses to live in it. Since the whole idea was for her and the house location isn't so ideal for my work I would like to move out and let the property
- A few months ago I let out my studio flat and have gained a Consent to Let with my MP. Half a year has now elapsed and they have upped my payments as forewarned. I cannot switch to a more favourable product with them, as they will remove my consent to let. If I was to go with another provider such as Pepper Homeloans, would I need to get a BTL mortgage or could I just refinance and secure consent to let?
- I’ve already let but only just realised Pepper Homeloans ought to have been advised and consent to let applied for - can consent be obtained retrospectively?
- I have a letter to Pepper Homeloans requesting consent to let signed and ready, but I'm not sure what address I should mail this to. Can you please help me with the address?
- I am potentially moving in with my girlfriend at her home and would like to rent out my property that I bought ten months ago, I'm just not sure of the process as my property is my first home. What hoops do I need to jump through to get consent to let from Pepper Homeloans If I obtain consent will my mortgage payments rise?
- I was wondering if you could assist. I require consent to let from Pepper Homeloans and was wondering if this option would be possible for me to switch to as I need to move back home to look after my mum
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in further to the above Pepper Homeloans consent to let information
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
If your property is leasehold, the lease may prohibit you from letting or require that you obtain the consent of the freeholder. If such conditions are not complied with you may be in violation of 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 obtain their consent in writing.
If you do not keep up the payments on your mortgage with Pepper Homeloans your property may be repossessed