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.
Questions and Answers: Keystone Property Finance consent to let
- I have had a current homeloan with Keystone Property Finance coming up to 18 months and the fixed rate is soon to be renegotiated. We are contemplating taking equity from our existing place to enable us to acquire a more substantial house and then let out the existing maisonette. We were originally informed that we will look for a new residential mortgage with a consent to let - can you clarify what is involved?
- I'm one year into a two year fixed mortgage with Keystone Property Finance. The LTV is just 50%. I've got what I think is a really good deal on a studio flat in Haringey which I don't want to miss. It seems the only way to purchase the other property is to take out some good chunk of equity. I'm thinking of letting the current property which would more than cover the mortgage with Keystone Property Finance. Can I get a consent to let from Keystone Property Finance and ask for additional borrowing after it's let out?
- My partner and I have decided to let our maisonette out. We have put an offer on another property for us to purchase and a tenant at the ready to move into ours. I believe I have to ask our mortgage company Keystone Property Finance for consent to let. Is there a standard consent to let request letter I can use?
- I purchased my ground floor flat in Greenwich last Summer and have a two year fixed rate mortgage with Keystone Property Finance. Looking to move in with my other half next month and wish to rent my property. Would like to be better informed as to the process.
- My wife and I acquired a place in London with Keystone Property Finance and am moving to rent a property in Oxford due to work. Is consent to let from Keystone Property Financeavailable? I only want to rent out the flat for half a year before selling.
- I wishing to obtain consent to let for my flat as I am moving out for six months currently fixed Keystone Property Finance mortgage with two years which is up on July next year.
- Just looking for some help. I already have a mortgage in place with Keystone Property Finance. I have had approval to temporarily rent out my GFF from the managing agents and they asked for a copy of the consent to from Keystone Property Finance.
- I am a Keystone Property Finance borrower. I would like to apply for consent to let my property. I have been waiting for a response from Keystone Property Finance. Are you able to please check and help?
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General Advice to read in further to the above Keystone Property Finance 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
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 inform them may result in your insurance becoming null and void. 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
If your property is leasehold, the provisions in the lease may prevent you from letting or require that you to have a license to do so from 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 Keystone Property Finance