Need Help?
Need professional advice for your consent to let with Darlington Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Frequently asked questions relating to Darlington Building Society consent to lease
- I have a residential mortgage with Darlington Building Society and will be joining the Royal Fleet Auxiliary in September. This is a civilian manned fleet owned by the MOD. I will be at sea four months on and three months in the UK. Whilst on assignment I want to let out my house in Bromley and move in with my sister when on shore. I am confident that my rental income would cover my monthly repayments. Can you help?
- My lawyers have served eviction orders on a tenant who is in arear of rent. The relevant claims have been issued. The tenant's defense for non payment is built on the claim that I lack consent to let my studio flat from my provider Darlington Building Society
- We acquired a property in Manchester and will be relocating to Bristol at the beginning of February. I have a letting agency and tenant lined up. I was proposing to keep quiet as I'm worried Darlington Building Society will say I have to change my mortgage rate over to a buy to let which is not financially viable. I appreciate that it would be preferable to get a consent to let via Darlington Building Society but am afraid if I open Pandora's box it would lead to no end of problems
- I am in the Royal Navy and am looking to acquire a house with a Darlington Building Society mortgage. I would like to get consent to let the house to my sister. In the future I plan to reside in the property with my wife and kids when I leave the Royal Navy. Is this feasible?
- I was just curious as to whether Darlington Building Society would issue me with consent to let and what kind of fees, penalties and new rates etc
- My fixed rate loan with Darlington Building Society ends in January and have to relocate for work then. Will I be able to both remortgage and gain consent to let?
- I hope to purchase a new house but can't afford to sell my existing flat with a Darlington Building Society mortgage. Do you know the criteria for Darlington Building Society to issue consent to let? Is getting married and having kids an acceptable reason to make the request?
- My husband and I are thinking about applying to Darlington Building Society to obtain consent to let our house, how long does it take from the point of submitting the application to us finding a letting agent and listing our house for rent? and are there any additional steps in the process?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in in addition to the above Darlington Building Society consent to let Questions and Answers
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
Omitting 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.
If you do not keep up the payments on your mortgage with Darlington Building Society your property may be repossessed