Need Help?
Need professional advice for your consent to let with Pepper Money (PUK)? 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 Pepper Money (UK) consent to let
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Is it possible to remortgage on a consent to let with Pepper Money (UK)?
- Under what conditions will consent to let for a property be granted via Pepper Money (UK)? How long do you have to have had the mortgage before consent to let can be obtained from Pepper Money (UK)? By way of background:We were living in a very small apartment which is too small for us, my husband is also unwell and we are far away from family who could offer us a bit of relief, in the form of babysitting. I would be interested in procuring consent to let initially to be able to put a tenant in it to offset the expense of the Pepper Money (UK) mortgage.
- Me and my wife purchased a house in 2008 with the help of a housing association, I own half through bank loan and rent the remaining percentage. In January 2013 I purchased a new home. I rented out my first house and moved to the new property. I got consent to let from my mortgage company and I thought I had consent to let from the housing association. Last week I had a phone call from the housing association saying they had nothing on record indicating I had their permission to sublet. What are my options?
- My husband and I have just sorted our rates for another fixed period with Pepper Money (UK). Some weeks later, I went to an interview and basically I accepted the job offer in Enfield. I'm going to rent a two bedroom flat for the family in Brent as we don't want to sell the house and moreover we might come back within a couple of years.... We really don't know whether it will work out. We called Pepper Money (UK) but we would like also your take on the situation. Is it possible to obtain consent to let in that case as we secured a fixed 5 years rate we would not want to lose this rate.
- I have a mortgage with Pepper Money (UK) on a two year fixed term contract. I may have chance of a teaching job overseas in 6 months time. Am I eligible for consent to let by Pepper Money (UK) if I took this job overseas?
- We have a mortgage with Pepper Money (UK) on our garden flat in Waltham Forest. We are hoping to buy a new house and move in there. How do I move my existing mortgage on to consent to let?
- I wish to get consent to let from Pepper Money (UK) for two years at which point I can transfer to a BTL. Is this achievable
- I am looking at taking a job overseas and have been advised that I need to let Pepper Money (UK) know so my mortgage is under consent to let? Please could you clarify the best way deal with this?
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in conjunction with the above Pepper Money (UK) consent to let Advice
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
Should the tenure of your property be leasehold, the lease may prohibit 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 violation of your covenants under 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 obtain their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Pepper Money (UK)