Need Help?
Need professional advice for your consent to let with Habito? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Habito consent to let: Q and A’s
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I am a FTB hoping to complete on a small house in Habito. I have a healthy deposit with a mortgage from Habito. My dilemma is that my partner has a flat in Nuneaton and I anticipate moving in next month, at which point I would have to let out my house. I understand that consent to let is required but it does not sound like there is any certainty. Can you offer any advice?
- Are you able to give me some more detail on what the process is for applying for content to let, what do I need to do. I am considering a Habito mortgage on a £140,000 house in twelve months time. The intention is to hold the house as a second home but I would like to consider what options there are to let the property in the future. If our circumstances were to change the house would either be sold or rented.
- I have a home loan with Habito on a flat and I would like to find a tenant for it out and rent another house due to changes in personal circumstances - I want to move to a new area, and to live in a bigger house with my partner. I sought consent to let and just got reply with a refusal because they considered that I want to invest. I dont know what to do next. I am now at risk since I already have rented a new home and am faced with paying both the Habito mortgage and rent, which could expose me financially. The matter is urgent as a prospective tenant waiting in the wings
- I have been a mortgage borrower with Habito for 1998. My divorce went through three years ago and bought the ex wife out. My circumstances have changed, I would like to keep my house but live with my new partner, renting my house out. I have been told by my broker that I can ask for a consent to let by Habito rather than a buy to let mortgage as I I did not buy the house in the first place in order to let, is this right?
- I would like to let out a room in my apartment in Merton. Do I need consent to let from my mortgage co Habito?
- I'm possibly going to NYC for a year with work. Planning on taking the husband with me and hoping to rent our Bromley property in the meantime on a temp basis to make things more cost effective. I was just enquiring if there any costs for obtaining consent to let
- I am hoping to fix my homeowner mortgage with Habito but as a result of my job I will probably have to live abroad for a couple of years. Will Habito allow and grant consent to let and will any penalties be applied in such a situation
- Do you have the address to which a Consent to Let request to be sent for Habito? Sorry about bothering you with this query.
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in conjunction with the above Habito 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
Omitting to inform your insurance company of your intention to let could invalidate your insurance or leave you under-insured.This means that you could be personally liable for any claim made against you. As a minimum you should ensure that you are covered for any third party liability in respect of injuries to your tenant whilst at your property
Leasehold properties
Should the tenure of your property be leasehold, the provisions in the lease may prevent 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 violation 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 taking legal action against you. Be sure to obtain their consent in writing.
If you do not keep up the payments on your mortgage with Habito your property may be repossessed