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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.
Questions and Answers: April Mortgages consent to let
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Due to problems with the area we live in (it's rough!), we are keen to relocate. As disposing of the property will result in early repayment charges to April Mortgages of £2500, we considered that it would be sensible to let it out. So, we need to obtain a consent to lease from April Mortgages only a year. What can I do to get consent?
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We just obtained consent to let from April Mortgages. After some effort, April Mortgages have issued me with ‘consent to let’ confirmation . The conditions attached to the consent refer to an assured shorthold tenancy. What is that?
- Last week provided with a work opportunity 250 miles from home and considering whether it's worth letting my house out. Will April Mortgages permit me to switch mortgage or issue me with consent to let? Should it not be available I will have to consider if I should accept the job. I have no objection to paying an increased amount as it is likely that I will come back and move into my home after twenty four months. My agenda here is not to profit. Just love my property and wish to return to it at some point in the future.
- My fixed rate runs out early 2016 and I wish to fix for another 4 years with April Mortgages, hopefully rates will still be low. In in next couple of years I might wish to move for a couple of years to a different county. How difficult is it to get consent to let by April Mortgages under these circumstances? I would be returning after two years to live in my property.
- How do I go about getting a consent to let application form from April Mortgages and how quickly can I get the consent?
- I am going away for work for as long as twelve months... I was wondering if I was able to obtain from April Mortgages consent to let the property out while I was away as I do not want to leave it empty for that long
- Six weeks ago I bought my flat and took out a mortgage with April Mortgages but my boyfriend has asked me to move in with him. Would I be allowed consent to let?
- I got a homeowner mortgage with April Mortgages. I acquired the property in September last year. How difficult will it be to get consent to let.
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in further to the above April Mortgages consent to let information
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
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
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 conditions are not complied with you may be in violation of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Failure to inform your co-owner of your intention to let could result in them taking legal action 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