Need Help?
Need professional advice for your consent to let with Pepper Homeloans? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Frequently asked questions relating to Pepper Homeloans consent to lease
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I am about to join the property ladder interested in a 2 bedroom house in Pepper Homeloans. I have a significant deposit will be getting a mortgage from Pepper Homeloans. My dilemma is that my fiancee has a flat in Birmingham and I anticipate moving in next month, when I would want to let out my house. I have heard of consent to let but it does not sound like a guaranteed option. Can you offer any advice?
- What is the difference between consent to let and changing to a buy to let mortgage? What is the consent to let rate offered by Pepper Homeloans?
- I am interested in understanding the conditions customers have to satisfy before consent to let from Pepper Homeloans is given. Are there any restrictions on who can be issued with consent?
- I have a Pepper Homeloans mortgage with my twin and want to leave and get a new mortgage with my partner. How do I go about taking in a lodger? Would I need consent to let by Pepper Homeloans? My twin will remain in the flat
- So this is the scenario: I am moving abroad. Potentially for many years. That being said I will be on a four month trial period .I'm wanting to know the criteria for consent to let from Pepper Homeloans and any costs to be incurred
- We are looking to place our matrimonial home on rent due to work commitments and was curious if this is possible to get consent to let. It is on a fixed rate mortgage with Pepper Homeloans until 2018 October
- Just wanted to know what needs to be provided to Pepper Homeloans in order to get consent to let? I just finished a three year fixed mortgage and possibly moving to another apartment with my boyfriend.
- We need to rent out my house to be closer to my daughter's college and look after of my father. What do I need for the application of consent to let from Pepper Homeloans?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in further to the above Pepper Homeloans consent to let Questions and Answers
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
Omitting 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 lease may prohibit you from letting or require that you obtain the consent of the freeholder. If such restrictions are not strictly observed you may be in violation of your covenants under 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with Pepper Homeloans