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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.
Harpenden Building Society consent to let: Q and A’s
- If I decided to rent out my garden flat with consent to let with Harpenden Building Society, what evidence would be required of the letting? If after 1 year I decided to let it on a series of short term lets, do I still need to provide evidence to Harpenden Building Society, or will they leave me alone as long as they receive payment each month? For instance if I let the rooms individually at some point in the future, is there any reason for Harpenden Building Society to be informed and would they take issue?
- Me and my sister and I may need to lease our home out for a while due to a career opportunity. This will be for a limited period we would possibly like a consent to let our property. We already have a Harpenden Building Society mortgage. What are the fees involved and time limits on consent to let agreements?
- I have an existing Harpenden Building Society loan on a property from 2005. Fast forward and I have got married and moved into my husband’s home. My property is currently unoccupied and we either need to sell or let it out. Clearly this will not be a short term proposition as the prospect of me reoccupying is unlikely. What should I advise Harpenden Building Society in order to get consent to let?
- My fiance and I took a mortgage out on a studio flat in November however I will be working outside of commuting distance of Hackney in the medium term but hope to find work closer in the long term. Given I have not had property long I will lose money if I sell and do plan to return to Hackney so would like to keep it. How difficult is it to get consent to let from Harpenden Building Society and how do I go about it ?
- I have separated from my wife and we have each moved into our parents house and plan to divorce. What do I have to do to get Harpenden Building Society to give consent to let our house out to students?
- Harpenden Building Society domestic mortgage. Will they grant consent to let a property for a couple of years? I reoccupy as a resident.
- My OH and I are 12 months into a three year standard mortgage with Harpenden Building Society. Just wondering if it's permitted to let out the property on my existing mortgage. Will Harpenden Building Society issue consent to let?
- I have had my mortgage with Harpenden Building Society since 2005 and always made payments If I asked for consent to let would it be granted?
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Information to consider in further to the above Harpenden Building Society 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
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 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 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 obtain their consent in writing.
If you do not keep up the payments on your mortgage with Harpenden Building Society your property may be repossessed