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
-
I'm about to apply to Harpenden Building Society to obtain consent to let out my home in Harpenden Building Society. However I have put the house on the market but there is no interest and paying a full mortgage, council tax and insurance on unoccupied house is exhausting my finances. How are Harpenden Building Society going to react if I have the house on the market?
- We plan to lease out our flat in Lewisham which is on a homeowner mortgage with Harpenden Building Society . Obviously I will ask for a consent to let. Assuming there is a cost for the consent to let can this amount also be categorised as a deductible expense on my tax return to the tax authority?
- I've been with Harpenden Building Society for about 2 years and have just re-fixed the mortgage rate. The loan to value is around 45%. Unfortunately we must move into my elderly mother-in-law's flat to look after her, it would preferable to rent our house out - do I require consent to let from Harpenden Building Society and is it likely to be granted?
- I recently got married and my wife and I would like to buy a family home in the coming year, whilst keeping our garden flat in Redbridge we currently live in to rent out. Mortgage on the flat is with Harpenden Building Society. I wish to avoid putting myself in a situation with two residential properties only to be refused consent to let.
- Wewant to rent out our home and purchase another. Can Harpenden Building Society refuse to grant me consent to let?
- Please can you provide me with details of how to go about obtaining consent to let from Harpenden Building Society and what, if any, cost I face.
- I have a mortgage with Harpenden Building Society but would like to lease my house out and move in with my girlfriend and baby what would I have to do to get consent to let?
- Just a quick one. Will Harpenden Building Society force me into a consent to let product whilst in a fixed rate product for twenty four months?
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in in addition to the above Harpenden Building Society consent to let Advice
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
Failure 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 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 potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Failure 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with Harpenden Building Society