Need Help?
Need professional advice for your consent to let with Perenna? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Examples of recent questions relating to Perenna consent to let
- We are a newly married couple and we found a property in Lambeth that we like and wish to get a mortgage with Perenna. My concern is that I am pregnant and might give birth very soon as I am on my 9th month of pregnancy. This wouldn't make it impossible for us to move straight away so we are considering living with our parents for the next few months. Meanwhile, if we get this property, we can let it out. We just wondering how will that work out? Will we be liable to be given consent to let from Perenna
- My partner and I I have a domestic mortgage with Perenna but I would like to occasionally take in lodgers....am I obliged to obtain consent to let from Perenna?
- I am in possession of a mortgage offer from Perenna, but we are running up against a serious block. My husband is the deputy head in a boarding school, whereby we are provided with a residence as part of his employment. We wanted to buy a one bedroom first floor purpose built maisonette to get on the ladder, and let it out while we're living at the school accommodation. I had thought Perenna would grant consent to let from day one of the loan. It is now looking as though we may be refused consent to let. Do you have any ideas what we can do?
- I am in the Royal Navy and planning to buy a property with a Perenna mortgage. I would like to get consent to let the house to my parents. In years to come I plan to live in the property with my wife and kids when I leave the Royal Navy. Is this achievable?
- My family circumstances has changed, and I wish to rent my place out - meaning consent to let- I have approx £200K loan with Perenna and currently 85k equity I need to avoid the early repayment fees.
- Is it the case that a previous extension to a mortgage term with Perenna be held against us when we applied to Perenna for consent to let.
- I am currently in the process of applying for a mortgage through Perenna - There is a likelihood that in the coming months I may decide to let out the property - how would I change the normal mortgage to a buy to let mortgage?
- I am looking at taking a job in France and have been advised that I need to let Perenna know so my mortgage is under consent to let? Please could you clarify the best way deal with this?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supplemental the above Perenna 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
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 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 terms are not adhered to you may be in violation of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to inform your co-owner of your intention to let could result in them commencing legal proceedings 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 Perenna