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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.
Recently asked questions relating to Danske Bank consent to lease
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Me and my husband have a Danske Bank mortgage and are never missed a loan payment, both employed etc. Can you tell me how much it will cost and if Danske Bank are likely to give us consent to let without changing to a different deal?
- Contracts were exchanged last month with a developer for a property in which I was going to move into, but my employer has offered me a posting abroad for three years, can I let the new property with consent to let from Danske Bank.
- I remortgaged with Danske Bank recently, borrowing extra with the intention of doing a loft conversion. That plan has proved not to be possible and I now intend to purchase a further property for residential purposes and let the old property out with consent to let. Is that likely to land me in hot water?
- I have an offer accepted to purchase a property, we have a deposit of between 20-25% for a domestic mortgage with Danske Bank. The one concern is we may leave the country in three months for work. We are going through our mortgage broker. She says if you tell this to the lender up front you will need to get a buy to let. Do go ahead with residential mortgage with Danske Bank, shortly thereafter ask them if I can have consent to let? Alternatively, do we try and contact Danske Bank now and say there is a chance we will move abroad in the future (nothing is definite regarding the move abroad) and see if they confirm in advance that it should not be a problem
- It would be helpful to know if on the balance of probabilities Danske Bank will grant consent to let out our home in Merton
- I have a house in Wandsworth. I would like remortgage with Danske Bank and seek consent to let. I'm still within the redemption penalty period so not sure if there such a thing as porting to some property?
- Is there flexibility in the accepted equity amount before switching from a current Danske Bank mortgage to a consent to let?
- I am interested in consent to let for my house mortgaged with Danske Bank. How do I proceed? Do I have to write to Danske Bank and get them to agree?
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 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
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 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 breach of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting to inform your co-owner of your intention to let could result in them commencing legal proceedings against you. Be sure to record their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Danske Bank