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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.
Questions and Answers: Perenna consent to let
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Soon to be packing up as my husband and I are moving to Dubaiin Month, possibly temporarily but it could be longer term. I have contacted Perenna for consent to let out my home in Perenna. I have had a mortgage with Perenna for three years and I have never had any arrears. Perenna tell me, that even if they grant consent to let, that this will be limited for one year. And then what?
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I am a FTB interested in a detached house in Perenna. I have a good size deposit and expect a mortgage from Perenna. My concern is that my girlfriend has a flat in Maida Vale and I can foresee myself moving in next year, at which point I would want to let out my house. I have heard of consent to let but it does not sound like a guaranteed option. Is there any advice you can impart?
- I am a letting agent. Where a landlord opts to lease out their house without consent to let from Perenna - have I failed in my duty of care? Technically the landlord isn't breaking the law, however, they would be breaching their agreement with the Perenna, as Perenna most probably require to be notified of any change in circumstances. If I look the other way could I be accruing trouble?
- I bought my maisonette in Barnet one year ago and have a 2 year fixed rate mortgage with Perenna. Looking to move in with my girlfriend next month and would like to rent my property. Would like to be better informed as to the process.
- I am looking to Perenna to grant consent to let out my studio flat in Barnet. I am about to commence a PhD opportunity in Maastricht University, Netherlands
- I am looking to place my house on rent due to job commitments and was curious if this is possible to get consent to let. It is on a fixed rate mortgage with Perenna until 2017 December
- I am going away for work for up to twelve months... I was wondering if I was able to get from Perenna consent to let the house out while abroad as I am reluctant to leave it empty for that period
- I am a Perenna borrower. I would like to apply for consent to let my house. I have been waiting for a response from Perenna. Are you able to please check and help?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in supplemental the above Perenna consent to let Questions and Answers
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 to have a license to do so from the freeholder. If such terms are not adhered to you may be in breach of your covenants under the lease. This could potentially result in 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 record their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Perenna