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
- I have a DB UK Bank mortgage on a flat I own, in Ealing. Last month, resulting from a change in my circumstances I decided to let out the apartment, and rent a house in a different area within same loc. The state of affairs that altered is that I started living with my partner, and the flat is too small for our needs. I would rather not dispose of the flat because the current market value is 20% less than when I bought the property in 2007. I contacted DB UK Bank for a consent to let which was refused as they felt that my intention was to invest in the flat. The whole process was very confusing. There is a sense of urgencyas there is a prospective tenant waiting for this consent to let and could pull out.Many thanks
- me and my wife have just sorted our rates for another fixed five years with DB UK Bank. Some weeks later, I attended an interview and basically I accepted the job offer in Newham. I'm going to rent a small flat for the family in Wandsworth as we don't wish to sell the house whist there is a chance that we come back within a couple of years.... We really don't know how things will go. We have contacted DB UK Bank but we would like also your point of view please. How is it to receive consent to let in that case as we just got a fixed 5 years rate we would not want to swap this.
- A colleague recently asked for CTL from the Woolwich which they declined citing that 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 adopt the same rule?
- Is it the case that the letting agents we rented through have a duty of care to have ensured that the landlord attained consent to let from DB UK Bank?
- I was just wondering if DB UK Bank would grant consent to let and what kind of charges, penalties and rate increase etc
- It is looking as though I may need to move to Philadelphia for a couple of years, I have a house with a DB UK Bank mortgage. Do I need to obtain consent to let? Will they be forthcoming?
- I am seeking from DB UK Bank consent to let out my house in Barnet. I am putting in hand arrangements to move in with my grandmother as I am off work due to illness.
- We are interested in more information about consent to let from DB UK Bank. Would an acceptable reason be parking problems and the house is too big for me to run at this moment in time?
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 information
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 lease may prohibit you from letting or require that you to have a license to do so from the freeholder. If such conditions are not complied with you may be in breach of your covenants under 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 DB UK Bank your property may be repossessed