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.
Examples of recent questions relating to Harpenden Building Society consent to let
- Please explain "consent to let" to me? I live in a 1 bed apartment and its in good condition. It is on the market and I have had very few viewings. This is probably due to an ongoing feud with the guy next door. I have had to put it on the disclosure sheet. Mortgage is with Harpenden Building Society on a standard variable rate. It has been suggested to me that I should get consent to let via Harpenden Building Society and lease the property for a couple of years.
- I have a Harpenden Building Society mortgage with my twin and am looking to move on and get a new mortgage with my partner. How do I go about taking in a lodger? Is consent to let required from Harpenden Building Society? My twin will remain in the property
- Where is the Harpenden Building Society consent to let application on this site I am unable to find it on the web.
- Our current house in Croydon has nearly £120K equity with a mortgage with Harpenden Building Society. It's a decent family house in a popular location and I think it would rent well. We are probably moving for my husband's work and were considering holding onto the house on as a rental property - should we be swapping the mortgage to a buy to let product or should we request consent to let from Harpenden Building Society?
- I am thinking of renting my house will Harpenden Building Society charge me for a consent to let letter?
- Seven weeks ago I completed my mortgage with Harpenden Building Society since when my boyfriend has proposed and we are deciding whether to reside in his house or mine. Would I be granted consent to let if I decided to move in with him
- Will I need consent to let from Harpenden Building Society if I am intending to reside in the flat myself for half of the year? In addition if I obtain consent to let for a limited time, say up to twelve months, what happens thereafter.
- I took a standard mortgage with Harpenden Building Society. I acquired the property in November last year. What are the options and criteria for consent to let.
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in supporting the above Harpenden Building Society consent to let Questions and Answers
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
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 conditions are not complied with you may be in breach of the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to advise your co-owner of your intention to let could result in them taking legal action 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