Need Help?
Need professional advice for your consent to let with Harpenden Building Society? 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 Harpenden Building Society consent to let
-
My better half and I plan to return to Floridain Month, possibly short-term but potentially longer term. I'm in the process of writing to Harpenden Building Society to obtain consent to let out the property (we have already found tenants). I have had a mortgage with Harpenden Building Society for Six years and I have never had any arrears. Harpenden Building Society tell me, that even if they consent to the letting, that this will be a temporary arrangement for a period of twelve months. What happens after one year?
- I have been granted consent to let from Harpenden Building Society for some time now but they now wish to speak with me and I suspect their agenda will be to rid themselves of me. Are you able to assist?
-
We have an existing mortgage with Harpenden Building Society and wish to clarify if it would be possible to seek consent to let out our ground floor flat in Greenwich.
The reasons(s) for wanting to find tenants for the property are are due to: -
- Me and my wife will be moving to Cape Town in January.
- By renting out the property this will enable us to make some savings to help the migration process.
- It would be pointless from a monetary perspective to pay outright for a property which we are no longer living and by renting out the home this would be deemed as continuing investment.
If Harpenden Building Society agreed that we are able to proceed with renting we would propose some financial commitments to include: -
- Maintain paying the monthly mortgage payment by standing order.
- Instruct an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
- Provide our forwarding address for when we emigrate.
- Due to redundancy we are looking to move away from Wandsworth and our flat, potentially to a job in Copenhagen but that means we will want to let the property but don't want the penalty charge of existing Harpenden Building Society mortgage which will be high.What are acceptable reasons for obtaining consent to let on our property?
- I'd like to know if Harpenden Building Society are likely to grant consent to let out our home in Enfield
- I have to send the consent to let application by courier and wanted to know if Harpenden Building Society have a regular mailing address I can use as couriers usually don’t accept deliveries to PO Box numbers.
- We are contemplating a remortgage and also thinking of renting the property in the years to come - Is there a cost with Harpenden Building Society to procure consent to let and what are the requirements?
- I was wondering if you are able to help. I require consent to let from Harpenden Building Society and was wondering if this option would be possible for me to switch to as I have to move back home to look after my mum
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in supplemental the above Harpenden Building Society 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
If you hold buildings and contents insurance on your property you should review it to make sure it continues to provide the cover you need. It is also important that you update your insurance provider of your change in circumstance, as failure to notify them could result in your insurance becoming invalid. 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 to have a license to do so from the freeholder. If such restrictions are not strictly observed you may be in violation of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Failure to advise 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with Harpenden Building Society