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.
Questions and Answers: Danske Bank consent to let
-
What is the most extreme action Danske Bank can take if I have Sublet my flat without consent to let?
- I have to move my son’s school by mid-January and move to a new area. I don't have time to find a buyer for my house.The only way I can see of doing it is to lease my property out. Currently I have buildings and contents insurance. Am I obliged to take out a different insurance? What should request from Danske Bank regards to consent to let?
- How likely are Danske Bank in giving Consent To Let on a 2 bed flat? Agents have had it on the market for six weeks. I need to sell but I'm worried that if there are no takers I will have to get a tenant in to cover the mortgage to Danske Bank (I no longer reside at the address). I would prefer to be honest with Danske Bank than not tell them but I'm not sure how understanding they would be.
- How much does it cost to obtain consent to let via Danske Bank and is there a minimum period of time I should have had the mortgage for?
- I want to rent a room in my apartment in Haringey. Do I require consent to let from my lender Danske Bank?
- What are the circumstances under which Danske Bank would turn down a consent to let application?
- I have had my mortgage with Danske Bank for eight years and always made payments If I sought consent to let would I receive a positive response?
- We need to contact Danske Bank to enquire about renting out my flat. Will they post a form to me. Is there a form I can download?
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in further to the above Danske Bank consent to let Questions and Answers
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
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 inform them could 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 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 potentially result in 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 Danske Bank