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.
Sample questions relating to Darlington Building Society consent to let
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We have a Darlington Building Society home loan and are are up to date with payments, both employed etc. Can you tell me how much the fees are and if Darlington Building Society usually grant consent to let without transferring to a different deal?
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We just obtained consent to let from Darlington Building Society. After some effort, Darlington Building Society have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. Can you explain what this is?
- I need to explore if I can receive consent to let on my existing property. I have a mortgage with Darlington Building Society but my situation has changed. I'm about to move in with my partner and son who have a house and is larger than my 1 bed apartment. I am sure that I will not qualify for a buy to let mortgage as I don't have the funds for a deposit nor do I earn more than £25000 a year.
- I own a property that's currently under shared ownership (My share is 60%) and I bought it in Aug 2013. I plan to go through the full purchase of the house. My partner and I have also got a second house that we are hoping to buy. Mortgage in principle has been approved by Darlington Building Society. I want to know that I will be able to put the existing house through consent to let as soon as the remainder share has been purchased so, that we can start the process of buying the new property
- I am looking for some generic information on consent to let with Darlington Building Society: I am moving abroad. Potentially for a number of years. That being said I will be on a four month trial period .I'm wanting to know how to go about getting consent to let from Darlington Building Society and what fees are involved
- I have a mortgage with Darlington Building Society at the moment and just wondering if there any costs for obtaining consent to let
- We have a mortgage with Darlington Building Society on our garden flat in Haringey. We are hoping to buy a new house to move into. How do I switch my existing mortgage on to consent to let?
- Is there a set or maximum term how long I could let my property out to a family member with consent to let from Darlington Building Society. I no longer want to live in the area and want to buy a new home?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supplemental the above Darlington Building Society 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
You must inform your buildings/contents insurer that you are letting your property and failing to do so can render any insurance you have invalid. Especially having public liability cover is very important as it protects you in the event of a third party being injured on your property, not having this leaves you open to claims made by tenants for personal injury or damage to their possessions arising from incidents connected with your property lack of consent to rent.
Leasehold properties
Should the tenure of your property be leasehold, the provisions in the lease may prevent you from letting or require that you obtain the consent of the freeholder. If such restrictions are not strictly observed 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 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 Darlington Building Society your property may be repossessed