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
- I have had a current mortgage with Danske Bank coming up to 2 years and the fixed rate is about to be renegotiated. We are considering extracting equity from our existing property to enable us to purchase a bigger home and then let out the current studio flat. We have had initial advice that we ought to get a new residential mortgage allowing for consent to let - what does this mean?
- Two years ago we purchased our council flat, in Camden,recently valued at £175k. It's completely paid for from our own finances, with no mortgage. We are prohibited from selling (without repaying back a significant amount of the discount) before 5 years have expired. Regardless, we would like to keep it as a investment property to lease out. We wish to release some equity via a Danske Bank mortgage. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. is this something you can help me with?
- I have a home loan with Danske Bank on a flat and I am intending to rent it out and rent another property due to changes in personal circumstances - I want to move to a different area, and to live in a bigger house with my partner. I applied for consent to let and just got a response refusing because they determined that I want to invest. I dont know what to do now. I find myself at risk since I already have rented a new property and would have to pay both Danske Bank and rent payments, which could put me in financial risk. The matter needs to be addressed soon because a prospective tenant is waiting
- I moved out of my flat about seven months ago but didn't get around to get a consent to let letter, primarily because the mortgage fix rate period is ending in 2 months and I am considering refinancing in any event. I want to ask for the letter now, is that going to be problematic?
- My fiance and I wish to rent out my house. Do I just send a letter to Danske Bank requesting consent to let out the house?
- I currently have a mortgage with Danske Bank that I would like to transfer to a consent to let as we have identified another property we are looking to purchase. How do I go about applying for consent to let from Danske Bank?
- What information should I include in a letter applying for consent to let my house in Hounslow? I would like to send a request to my mortgage provider Danske Bank.
- A work promotions now necessitates that Ibe in different countries every month and as a result I wish to understand the procedure for getting consent to let with Danske Bank
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supporting 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
One thing to remember when arranging a consent to let mortgage with Danske Bank is to switch your existing residential buildings insurance policy to a landlords buildings insurance policy. The insurance premium is marginally more expensive but if you don’t switch your insurance and you need to make a claim then you won’t be covered on your regular residential buildings insurance. 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
Should the tenure of your property be leasehold, the lease may prohibit you from letting or require that you obtain the consent of the freeholder. If such restrictions are not strictly observed you may be in breach 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