Need Help?
Need professional advice for your consent to let with Landbay Partners Ltd? 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 Landbay Partners consent to let
- I have a homeowner mortgage with Landbay Partners and will be joining the Royal Fleet Auxiliary in January. This is a civilian manned fleet run by the Ministry of Defence. I will be at sea four months on and three months in the UK. During my time away I want to lease out my house in Waltham Forest and live with my father when on shore. If Landbay Partners refuse are there lenders that will allow this?
- I have a Landbay Partners mortgage and have been renting the property minus consent to let, making me in contravention of my mortgage conditions. They may have suspicions that I am not living there. What negotiating options do I have if I fail to sell it before they are on notice that I have breached my terms and condition?
- My property has had a mortgage against it with Landbay Partners for the last eight years. I am now married and moved into my husband’s home. At the moment the property is unoccupied and we either need to sell or have someone rent. Clearly this could be a long term agreement as the probability of moving back is low. What should I tell Landbay Partners in order to get consent to let?
- I am currently looking to buy my first home however, working as a consultant. I I would like to find a lender that will permit short term letting with a residential mortgage so that I could let the property temporarily with long periods of absence without being compelled to a BTL product. Are you able to advise me on how lenders would perceive this and specifically the approach taken by Landbay Partners.
- My wife and I are 12 months into a three year residential mortgage with Landbay Partners. Just wondering whether it's ok to let out the property on my existing mortgage. Will Landbay Partners issue consent to let?
- Just wanted to know what needs to be provided to Landbay Partners in order to get consent to let? I just finished a three year fixed mortgage and potentially moving to another house with my husband.
- Me and my sister and I have a mortgage with Landbay Partners on our studio flat in Bexley. We are hoping to buy a new house and move in there. How do I move our current mortgage on to consent to let?
- I have a mortgage with Landbay Partners. I am considering moving out and renting out my apartment. Do I need a consent to let ?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in conjunction with the above Landbay Partners 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
Failure 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 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 the lease. This could trigger 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 Landbay Partners