Need Help?
Need professional advice for your consent to let with April Mortgages? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Frequently asked questions relating to April Mortgages consent to lease
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We bought a house in 209 for 230,00 with April Mortgages. My husbands career requires that we move to Cyprus and appreciate that I have to apply for consent to let from April Mortgages. Will they give permission?
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I intend to let out my flat to some tenants who have asked me for a duplicate of my ‘consent to let’ from April Mortgages, my mortgage lender. Is this normal?
- I've owned a one bedroom apartment in Wandsworth for a year with a April Mortgages mortgage and I'm enquiring if I would be eligible for a consent to let.
- I am expecting to apply for consent to let from my existing mortgage provider April Mortgages. A colleague of mine said that he was granted ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an assured shorthold tenancy. Can you explain what this is?
- I have a house in Greenwich. I would like remortgage with April Mortgages and seek consent to let. I'm still within the Early Redemption Charge period so not sure if there such a thing as porting to some property?
- I recently bought a one bedroom apartment in Bromley. I am first time buyer. I am moving Glasgow next month, can I get consent to let from my lender April Mortgages or do need to wait for at least 6 months?
- I have a domestic mortgage with April Mortgages which is only 7 weeks in but I have been moved abroad with work. Is it possible to obtain consent to let from April Mortgages for a mortgage that has only just commenced and I have just purchased the property?
- I am enquiring as to whether there are any charges in obtaining consent to let on a leasehold property when I have a mortgage with April Mortgages
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supplemental the above April Mortgages consent to let Info
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
One thing to remember when arranging a consent to let mortgage with April Mortgages is to switch your existing residential buildings insurance policy to a landlords buildings insurance policy. The insurance premium is marginally more expensive but if you don’t switch your insurance and you need to make a claim then you won’t be covered on your regular residential buildings insurance. 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 breach of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Failure 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 April Mortgages