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 let: Q and A’s
-
My husband and I may need to lease our Bromley home temporarily due to me taking a sabbatical. This will be short-term but perhaps for five years. Must I notify Danske Bank or do I remain silent?
-
What options are open to me if my application for consent to lease is turned down by Danske Bank?
-
My lender has placed me in an impossible situation with a Consent to Let home loan. Reacting to my requisition for consent to let the lender has asked me to provide them with a signed Assured Shorthold Tenancy as a prerequisite to granting consent. Is is not the case that if I adhered to their request that I would be violating the lender’s terms and conditions?
- My plan is to let my garden flat out from mid June this year as I will be travelling for a few months. I have a domestic mortgage with Danske Bank. I will not be letting for more than four months. Most likely it will be five months. I have been told to get consent from my freeholder first? Please can you advise what I should be doing in what order?
- I am 12 months into a five year residential mortgage with Danske Bank. Just wondering whether it's permitted to rent out the flat on my current home loan. Will Danske Bank give consent to let?
- What is the process for getting a consent to let application form from Danske Bank and how quickly can I get the consent?
- Is it possible to negotiate a consent to let from Danske Bank if I have an existing mortgage which has been in place for eight years?
- I would like advice as to how to go about obtaining consent to let from Danske Bank and what, if any, cost apply.
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in supporting the above Danske Bank 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
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 could trigger your insurance becoming invalid. 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 potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to inform your co-owner of your intention to let could result in them taking legal action against you. Be sure to record their consent in writing.
If you do not keep up the payments on your mortgage with Danske Bank your property may be repossessed