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.
Examples of recent questions relating to DB UK Bank consent to let
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Can one refinance on a consent to let with DB UK Bank?
- I own a maisonette but I am hardly there, looking into the possibility of renting it out. The mortgage is with DB UK Bank, would I have to change my mortgage product or should I apply for consent to let?
- My OH and I are looking to apply to DB UK Bank for consent to let on our current residential property in Hackney. I am looking to draw down equity from my existing house before doing so, and making use of that money to purchase a new residential property. I will move into that house whilst renovating it for nine months after which I plan to sell it then move back to my current house. Is this something DB UK Bank will consider consent to let for or does this fall outside the standard criteria?
- I work for a letting agency in Redbridge. Where a landlord chooses to rent out their property without consent to let from DB UK Bank - what liability do I have, if any? My guess is that the landlord isn't committing a crime, however, they would be breaching their agreement with the DB UK Bank, as DB UK Bank most probably require to be notified of any change in circumstances. If I pay no attention to the issue could I be accruing trouble?
- My OH and I are looking to ask DB UK Bank for consent to let out our home in Bexley. We are relocating overseas for three years and would like to to let it out. I omitted to check this out when we got the DB UK Bank mortgage, and that was purely because we never thought an opportunity would arise such as this so was planning on occupying the property.
- My wife and I are nine months into a five year residential mortgage with DB UK Bank. Just wondering if it's permitted to let out the flat on my current home loan. Will DB UK Bank issue consent to let?
- I am considering relocating with work and would need to rent my property out. I have a mortgage with DB UK Bank. My property is worth approx £250k and owe £85k on it. Do you think DB UK Bank increase my interest rate?
- I was wondering if you can help. I do not have consent to let from DB UK Bank and would like to know if this option is available to me to switch to as I need to move back home to take care of my father
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in further 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 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 breach of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to inform your co-owner of your intention to let could result in them commencing legal proceedings against you. Be sure to record their consent in writing.
If you do not keep up the payments on your mortgage with DB UK Bank your property may be repossessed