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Need professional advice for your consent to let with Aviva Equity Release UK Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Aviva Equity Release Consent to Lease Example Support Desk Enquires
- I want to acquire a second property having recently purchased a studio flat on domestic mortgage. Intend to purchase next year. I am told that I may have to get a consent to let from Aviva Equity Release, my current mortgage provider? What is the best way to manage this and get the permission required.
- After having retired in June I acquired a “retirement home” for my wife and myself to move to. We would like to let our current property to our son and I have therefore asked Aviva Equity Release for consent to let. I was just seeking a general view on whether Aviva Equity Release currently allows it?
- I remortgaged with Aviva Equity Release recently, borrowing extra with the intention to extend the property. That plan has proved not to be possible and I now intend to purchase a second property for residential purposes and let the existing property out with consent to let. Is that likely to be forthcoming?
- I have been leasing my flat to a tenant for three years but not on a buy to let mortgage as I naively considered that you only needed a buy to let if you had more than one property. In trying to buy a second property, I found that I should have had consent to let all along from my lender Aviva Equity Release. I'm curious as to whether I can now seek consent to let from Aviva Equity Release?
- My wife and I are planning to ask Aviva Equity Release for consent to let out our home in Newham. We are relocating overseas for 2 years and would like to to rent out the property. I omitted to look into this when we got the Aviva Equity Release mortgage, and that was purely because we never thought an opportunity would arise such as this so was planning on occupying the house.
- What is the longest period that Aviva Equity Release is willing to grant me the Consent To Let for?
- It is looking as though I may need to move to Philadelphia for a couple of years, I have a property with a Aviva Equity Release mortgage. Do I need to ask consent to let? Will they willing to grant this?
- There is a chance of me going to Aus for twelve months with work. Planning on taking the husband with me and hoping to rent our UK property in the meantime on a short term basis to make things more cost effective. I was just enquiring where I can I get a consent to application form from
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in conjunction with the above Aviva Equity Release 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
If you hold buildings and contents insurance on your property you should review it to make sure it continues to provide the cover you need. It is also important that you update your insurance provider of your change in circumstance, as failure to notify them could result in your insurance becoming null and void. 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 breach of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting to advise 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 Aviva Equity Release