Need Help?
Need professional advice for your consent to let with Capital Home Loans? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Capital Home Loans Consent to Lease Example Support Desk Enquires
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I am in a difficult predicament with a Consent to Let home loan. In response to requesting consent to let the bank has asked me to provide them with an executed tenancy agreement prior to issuing permission. If I get a signed tenancy agreement would I not be breaching the lender’s terms and conditions?
- I am looking to emigrate to Germany . As opposed to finding a buyer, I wish to let my existing property out, just in case things turn out badly and I decide to return in one or two years. My current mortgage is with Capital Home Loans. Would I be able to remortgage with another mortgage lender on a much lower interest rate then apply for Consent to Let once the re mortgage is in place?
- I have had consent to let from Capital Home Loans for some time now yet they now want to speak to me and I expect their agenda is to get rid of me. Can you help?
- I have a mortgage with Capital Home Loans however my husband and I will be moving to New Zealand in December. The mortgage is in my name yet it is my husband's job that is taking us abroad how do I answer the question: 'please indicate why you wish to let the property':
- I will have to move to Philadelphia for two years, I have a house with a Capital Home Loans mortgage. Do I need to ask consent to let? Will they be obliging?
- I currently have a mortgage with Capital Home Loans that I would like to transfer to a consent to let as we have found another property we are looking to purchase. How do I apply for consent to let from Capital Home Loans and what happens within the process?
- My Capital Home Loans mortgage fixed rate expires in January and have to relocate for work then. What are the chances that I will be able to both refinance and obtain consent to let?
- I have Capital Home Loans mortgage and am thinking of letting the property. I understand I would need a consent to let to do this...is that true ?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in supporting the above Capital Home Loans 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
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 to have a license to do so from 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
Failure to inform 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 Capital Home Loans