Need Help?
Need professional advice for your consent to let with Danske Bank UK? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Danske Bank Consent to Lease Example Support Desk Enquires
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I have a homeowner mortgage over my home in loc and intend to move to country for three years. During this time it would be ideal if I could let out my house. My bank has declined to grant me consent to let. I wish to avoid taking out a buy to let mortgage as it’s only a short term option that I am abroad for.
- I have to move my children's school by early-September and move to a new area. there is insufficient time to sell my house.The only way I can see of doing it is to let my property out. Currently I have standard occupiers insurance. Am I obliged to take out a different insurance? Am I required to get consent to let by my mortgage lender Danske Bank
- I need to switch my residential mortgage with Danske Bank to a consent to let and looking for some help... I bought my first property in London fiveyears ago. After a career opportunity I moved to Belfast, and 6 months ago got a residential joint-mortgage with my partner. I am inclined to stay with Danske Bank and seek consent to let rather than attempt to apply for a new mortgage elsewhere, but if Danske Bank turn me down what lenders can I approach.
- My mortgage with Danske Bank has been in place for just over 6 months but I recently found out I am about be made redundant. I would like help procuring consent to let by Danske Bank
- My OH and I are nine months into a three year normal mortgage with Danske Bank. Just wondering whether it's permitted to let out the flat on my current home loan. Will Danske Bank issue consent to let?
- I have just recently purchased my property and took out a mortgage with Danske Bank but my boyfriend has asked me to move in with him. Would I be granted consent to let?
- My wife and I spoken to someone at Danske Bank about switching our existing mortgage to consent to let (the existing fixed rate expires in june 2016). Can I just confirm that I need to send a letter setting out our change in circumstance to Danske Bank? Where do I need to send the letter to?
- We are considering a remortgage offer with Danske Bank and it's a strong possibility that I will require consent to let at some point in the fixed period. Are there any charges I should be aware of?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in in addition to the above Danske Bank consent to let information
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
Where 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 may trigger 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 violation of the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting 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 Danske Bank