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.
DB UK Bank Consent to Lease Example Support Desk Enquires
- A colleague recently sought CTL from the Woolwich which they refused because the mortgage had not been going for even half a year. I am about to request consent to let from DB UK Bank. Do they take the same stance?
- My husband is in the army and he has been posted overseas and as we want to move as a family we need 'Consent to let' from our lender DB UK Bank. Can you assist us?
- I bought my maisonette in Brent eight months ago and have a 2 year fixed rate mortgage with DB UK Bank. Looking to move in with my boyfriend next month and wish to let out my property. Just want to know the process.
- I have an annex that my mum is planning to move out from. As my property is large I was considering moving into the annex and lease the remainder out. This is also due to change of circumstances. Would I require consent to let from DB UK Bank?
- I'm gathering some information on whether consent to let is something available to me? We have a DB UK Bank mortgage and are considering renting the property out for two years, but cannot really afford to convert to a buy to let mortgage. The estate agent mentioned something about a content to let
- What is the longest period that DB UK Bank is willing to issue Consent To Let for?
- DB UK Bank. Will they grant consent to let a property for 18 months? I reoccupy as an owner.
- Last month I completed my homeloan with DB UK Bank since when my boyfriend has proposed and we are deciding whether to reside in his house or my property. Would I be granted consent to let if I decided to move in with him
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in supporting 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
If your property is leasehold, the lease may prohibit 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
Neglecting to advise 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 DB UK Bank