Need Help?
Need professional advice for your consent to let with Keystone Property Finance? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Recently asked questions relating to Keystone Property Finance consent to lease
- I have recently sought consent to let from Keystone Property Finance, but wondered if they impose any stipulations on the level of rental yield?
- My property recently got consent to let on a residential homeloan with Keystone Property Finance with aim of changing to a BTL rate when the fixed term ends within the six months, so I'm not sure if this adds to the complexity of the issue! Any advice gratefully appreciated.
- I vacated my flat about six months ago but didn't get around to get a consent to let letter, mainly because the mortgage fix rate period is ending in 2 months and I am thinking about refinancing anyway. I want to ask for consent now, is that going to be forthcoming?
- My husband and I bought a house in MIddlesbrough and will be moving to Bristol at the end of the month. I have a letting agency and tenant lined up. I was proposing to leave everything as it stands as I'm concerned Keystone Property Finance will say I have to change my mortgage rate over to a buy to let which is not economically viable. I would like to secured a consent to let via Keystone Property Finance but am afraid if I come clean it would result in a whole host of problems
- My fiance and Iwant to let the family home and buy other. What do I need to supply Keystone Property Finance to get consent to let?
- I am looking to Keystone Property Finance to issue me with consent to let out my basement flat in Wandsworth. I am moving to look after my elderly father who has liver failure
- Can I remortgage to Keystone Property Finance from my existing provider, with a consent to let or do I need a let to buy homeloan, and if so what are the LTV's?
- Am I required to wait for consent to let to be given on my existing residential mortgage with Keystone Property Finance before applying for a resi mortgage on a new property?
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in further to the above Keystone Property Finance consent to let information
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
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 conditions are not complied with you may be in breach of the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting 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.
If you do not keep up the payments on your mortgage with Keystone Property Finance your property may be repossessed