Need Help?
Need professional advice for your consent to let with Mansfield Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Mansfield Building Society Consent to Lease Example Support Desk Enquires
- My question does not relate to consent to let, I was hoping that you have an contact details for a dedicated Mansfield Building Society team who deal with consent to let applications. Mansfield Building Society has a first charge over my flat.
- We 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 presently have a Mansfield Building Society mortgage. What are the fees involved and time limits on consent to let agreements?
- My girlfriend and I (co-owners) are considering remortgaging with Mansfield Building Society. I was conducting some research concerning consent to let from Mansfield Building Society to understand the rules around potentially letting our existing flat out (probably in a year or 2) if we moved away. The property in question was a first-time purchase for us about 2 years ago. We are living there at the moment.
- A friend of mine recently asked for CTL from the Woolwich which they declined because the mortgage had not been going for even half a year. I am about to seek consent to let from Mansfield Building Society. Will they take the same approach?
- Iwould like to let the family home and buy other. Can Mansfield Building Society refuse to grant me consent to let?
- My OH and I are deliberating a remortgage and also exploring the possibility of renting the property in the years to come - Is there a charge with Mansfield Building Society to get consent to let and what are the requirements?
- I have a domestic mortgage with Mansfield Building Society, and I would like to let the flat out, until I decide whether to sell or keep it as an investment. As things stand I am on the standard variable rate. Will I need to remortgage? I.E. BTL?
- I have a mortgage with Mansfield Building Society. I am considering moving out and letting out my flat. Am I required to obtain consent to let ?
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in supplemental the above Mansfield Building Society consent to let Info
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 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 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.
If you do not keep up the payments on your mortgage with Mansfield Building Society your property may be repossessed