Need Help?
Need professional advice for your consent to let with Topaz Finance plc? 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 Topaz Finance consent to let
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My fiance and I may need to rent out our Bromley home temporarily due to a new job. This will be for a limited period but possibly for as long as seven years. Should I tell Topaz Finance or should I remain silent?
- My brother is intent on letting his flat out on the QT without consent to let from his mortgage lender Topaz Finance. He has been on an interest only loan since 2009. Outstanding amount is £112k, having paid for the flat for around £125k. If he lets the apartment out privately, exactly what sanctions is he likely to face?
- We currently have a five year fixed term mortgage with Topaz Finance that we're approximately one year into. Our circumstances have now changed and we wish to let out our house for a while and move to another town. How do we mitigate the possibility of Topaz Finance refusing to grant consent to let.
- I was planning to phone Topaz Finance to ask if they have a Consent to Let application they can send me to complete.. However,I thought I would explore online. I was wondering if if you could direct me to a site where I could download this form online?
- My partner and I have a letter to Topaz Finance requesting consent to let signed and ready, but I'm not sure what address I should post this to. Can you please help me with the address?
- I am already leasing out my flat but may have sussed that I am not living there. I have 5 months remaining on my fixed rate. How easy is it to get consent to let from Topaz Finance. Is it just a quick phone call, pay the fee and that's it?
- I am interested in some advice on how best to approach my mortgage lender Topaz Finance regarding a 'Consent-to-Let' application. Is this something you can help with ?
- I am looking to get consent to let with my Topaz Finance residential mortgage. It is a mid terraced house. Will Topaz Finance grant consent on this basis? Or would it be regarded as an HMO?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in in addition to the above Topaz Finance consent to let Info
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
If your property is 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 potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting 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.
If you do not keep up the payments on your mortgage with Topaz Finance your property may be repossessed