Need Help?
Need professional advice for your consent to let with DB UK Bank Ltd? 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 DB UK Bank consent to let
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My partner and I may need to rent out our Westminster home for a while due to me taking a sabbatical. This will be temporary but perhaps for 6 years. Do I inform DB UK Bank or should I keep schtum?
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Is it possible to remortgage on a consent to lease with DB UK Bank?
- Waltham Forest property valued at £150k. Outstanding mortgage £18k with 5 years to run. Seek consent to let via DB UK Bank for current flat and use income to pay off what is left of mortgage. Apply for 65 per cent DB UK Bank mortgage on new property that becomes my primary residence? Is this feasible?
- I own a house that's currently under shared ownership (My share is 50per cent) and I bought it in September 2014. I plan to go through the full purchase of the house. Me and my wife have also got a further house that we are looking to buy. Mortgage in principle has been issued by DB UK Bank. I would like 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
- My wife and I have a DB UK Bank home loan currently and potentially want to let it out temporarily with consent from DB UK Bank for (two years). Just wanted to know is it something that is obtainable relatively quickly?
- I am looking for information on the requirements that DB UK Bank set for consent to let? Are you able to help?
- I already have a mortgage with DB UK Bank. I am considering renting and purchasing another property but this is all new to me. How do I go about securing consent to let from DB UK Bank?
- I have a mortgage with DB UK Bank and am debating whether to sell or rent in the short term but don't have the equity for a buy to let mortgage at this time. What are my consent to let options currently?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in in addition to the above DB UK Bank 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 terms are not adhered to you may be in violation of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting to advise 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with DB UK Bank