Need Help?
Need professional advice for your consent to let with Pepper Money (PUK)? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Sample questions relating to Pepper Money (UK) consent to let
- I own a three bed flat but I am hardly there, looking into the option of renting it out. The mortgage is with Pepper Money (UK), would I have to convert my mortgage product or ought I apply for consent to let?
- A colleague recently sought CTL from the Woolwich which they turned down as the mortgage had not been in place for six months. I am about to request consent to let from Pepper Money (UK). Do they take the same approach?
- I have a prevailing Pepper Money (UK) loan on a property for the last eight years. I am now married and live in my husband’s home. As things stand the property is vacant and we either need to sell or let it out. Obviously this will not be a short term proposition as the prospect of me reoccupying is unlikely. What should I advise Pepper Money (UK) in order to get consent to let?
- Our fixed rate mortgage with Pepper Money (UK) ends 1st August. I am about to move to Paris for my Job in next month. I wish to let out the house temporarily. Can I get a consent to let the property?
- How do I go about getting a consent to let application form from Pepper Money (UK) and how quickly can I get the consent?
- I currently have a mortgage with Pepper Money (UK). I am thinking about renting and purchasing another property but this is all alien to me. How do I apply for consent to let from Pepper Money (UK) and what happens within the process?
- We took out a mortgage with Pepper Money (UK) a few months ago and although it's still early days we may have to relocate around next September or October and would like to be able to lease our flat out. Is this possible with a non-commercial mortgage?
- I might be looking to let out my property and wondered what I would need to do to get consent to let from Pepper Money (UK). I may be emigrating permanently.
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in supplemental the above Pepper Money (UK) consent to let Info
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
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 violation of your covenants under the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting to advise 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 Pepper Money (UK) your property may be repossessed