Need Help?
Need professional advice for your consent to let with Perenna? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Sample questions relating to Perenna consent to let
- I am currently seeking a mortgage as FTB and considering Perenna with my financial adviser. Suppose I choose a 3 year fixed rate I live at the property and after 2 years, an opportunity comes up which involves a relocation requiring moving abroad. If Perenna gives me consent to let,would the rate load the interest rate?
- My brother and I I have a residential mortgage with Perenna but I would like to occasionally let the property out as a holiday let....am I obliged to obtain consent to let from Perenna?
- I accept that I have been most reckless in not informing Perenna that I’m renting my garden flat out. The latest tenants have left the place in a mess and I need to claim on malicious damage. I’m concerned that my insurer will contact Perenna, and secondly if they do inform them, what are they likely to do given the absence of consent to let?
- I acquired my three bed flat in Redbridge last Summer and have a three year fixed rate mortgage with Perenna. Looking to move in with my partner imminently and wish to let out my property. Just want to know the process.
- Were I to let my property with consent to let from Perenna will will theybump up the interest rate? I am presently on a fixed rate for three years.
- I am looking at some alternative lifestyle. I have a Perenna mortgage, if I become a Australian resident but wish to rent my UK house, do I need to get consent to let from Perenna to do this ?
- We would like to obtain consent to let on a house where we have a mortgage with Perenna. If issued, how long would consent be given for? In seeking consent to let from Perenna are we running the risk of them forcing us to change deal to buy to let
- I would like to find out more about how to get consent to let on a property. In particular what is the procedure for consent to let if you have a residential mortgage with Perenna
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in in addition to the above Perenna consent to let information
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
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 obtain the consent of 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 taking legal action against you. Be sure to record their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Perenna