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.
Keystone Property Finance Consent to Lease Example Support Desk Enquires
- I am thinking of applying for consent to let from Keystone Property Finance as my personal situation has changed. My stepdaughter was starting university and I concluded that we would move nearby and opted to purchase a house rather than rent for 3 years. Since buying the house I have fallen out with my step daughter and she refuses to live in it. Since the whole idea was for her and the house location isn't so convenient for my work I would like to leave and rent out the property
- How challenging it would be to obtain consent to let from Keystone Property Finance. I am considering fixed deals and hope to live there but would like to know my options for example - if a job elsewhere was attractive or for a year abroad Could you let me know generally how receptive Keystone Property Finance are regarding consent to let?
- My twin is intent on letting his flat out in the absence of consent to let from his mortgage lender Keystone Property Finance. He has been on an interest only mortgage since 2010. Currently owes £110k, having purchased the apartment for about £118k. In the absence of gaining consent to let from Keystone Property Finance, exactly what sanctions does he risk?
- I am expecting any day now a mortgage offer from Keystone Property Finance for a two bedroom flat. I have applied via a broker. It is a capital and interest mortgage. I am curious as to what is the main criteria Keystone Property Finance adopt in order to grant borrowers consent to let? Is consent to let based on the rental amount for a property?
- Can I remortgage with Keystone Property Finance with consent to let if my fixed rate is reaching it’s end. Circumstances would not have changed.
- Me and my husband want to let our house out and use the rental income to cover the rent on a house in Newham. What are the chances of being given consent to let by Keystone Property Finance without being forced onto a BTL product.
- Three months ago I bought a property using a Keystone Property Finance mortgage. However I am currently living with mother and father. I don't want to move in until for six months due to personal issues. In meantime can I lease out the property with consent to let?
- We have a mortgage with Keystone Property Finance and would be thinking about buying another main residence and then subsequently letting our current home out. Would I require consent to let from Keystone Property Finance?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in further to the above Keystone Property Finance 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
If your property is leasehold, the lease may prohibit 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 the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to inform 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with Keystone Property Finance