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 Lease Example Support Desk Enquires
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Can a new mortgage be taken on a consent to let with Habito?
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If push comes to shove what action Habito can take if I have Sublet my flat if consent to let is not first obtained?
- My fixed rate expires mid 2017 and I'm planning on fixing for a further three years with Habito, hopefully rates will remain low. In two years time I might wish to move for a couple of years to a different county. How difficult is it to get consent to let from Habito under this situation? I would be coming back after two years to live in my property.
- Good morning, I have consent to let my house with Habito and am now looking to give my tenant 2 months notice as I want to sell the property. I am concerned about the property being vacant once the tenant goes and finding a buyer. I have never missed a payment on the account, would it be possible to take payment holidays until sold?
- I don't currently have consent to let by Habito but I would like to apply, I am looking at working away for a couple of years. But want to keep my home for my return - can you assist?
- My Habito mortgage fixed rate ends in June and have to move with work then. Will I be able to both refinance and obtain consent to let?
- Do I need to wait for consent to let to be given on my existing residential mortgage with Habito before applying for a resi mortgage on a new property?
- Is there a fixed or maximum term how long I could rent my property out to a family member with consent to let from Habito. I no longer want to live in the area and want to buy a new home?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in conjunction with the above Habito consent to let Info
Tax and Legal
There are numerous potential 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 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 breach of 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 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