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Need professional advice for your consent to let with Chesham Building Society? 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 Chesham Building Society consent to lease
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My wife and I have a Chesham Building Society home loan and are have made overpayments to bring the loan amount down, both employed etc. Can you tell me how much it will cost and if Chesham Building Society usually grant consent to let without changing to a different deal?
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My husband and I purchased a mews house in 2010 for just under 200,000 with Chesham Building Society. My husband’s job requires him to relocate to Gibraltar and realise that I need to obtain consent to let from Chesham Building Society. Will they give consent?
- At the moment have a three year fixed term home loan with Chesham Building Society that we're approximately one year into. Our situation has now changed and we wish to let out our house for a year and whilst we relocate to Hackney. What can we do to mitigate the possibility of Chesham Building Society rejecting consent to let.
- I was planning to call Chesham Building Society to ask if they have a Consent to Let application they can send me to complete.. However,I thought I would check online. I was wondering if if you could direct me to a site where I could download this form online?
- I have a Chesham Building Society mortgage currently and may want to let it out temporarily with consent from Chesham Building Society for (eighteen months). Just wanted to know is it something that is obtainable relatively quickly?
- How much is it to get a consent to let from Chesham Building Society on my residential property. Recently I have moved in with my partner and have a family member wanting to let out the property.
- Me and my partner are thinking about applying to Chesham Building Society to obtain consent to let our home, how long does it take from the point of submitting the application to us finding a letting agent and listing our house for rent? and are there any further steps we will need to go through?
- My OH and I would like to obtain consent to let on a house where we have a mortgage with Chesham Building Society. If issued, how long would consent be given for? In asking for consent to let from Chesham Building Society are we running the risk of them forcing us to change deal to B2L
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in supporting the above Chesham Building Society consent to let Advice
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 to have a license to do so from the freeholder. If such terms are not adhered to you may be in violation of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting 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 Chesham Building Society