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.
Questions and Answers: Perenna consent to let
-
I am about to join the property ladder interested in a 2 bedroom house in Perenna. I have a healthy deposit will be getting a mortgage from Perenna. My concern is that my fiancee inherited a apartment in Dover and I hope to be moving in next month, when I would have to let out my house. I understand that consent to let is required but it does not sound like a guaranteed option. Is there any advice you can impart?
- I am wanting to write to my lender Perenna justifying the following logic for me asking for consent to let ; "I am struggling with the mortgage and thinking about a to move back with my parents but can't sell. I am worried by failing to make payments and have considered giving over the keys. If I had consent to let that may solve things." What are the chances that this will convince them to grant me consent to let?
- What's the difference btw consent to let and buy to let? What is the consent to let rate offered by Perenna?
- I rented my property last year and didn't tell Perenna. I have a three year residential mortgage (large amount of equity in it, no arrears) and want to let Perenna know and get consent to let for the remaining 24 months of my mortgage . I am unsure how to go about this.
- I am one year into a three year residential mortgage with Perenna. Just wondering if it's permitted to lease out the flat on my current mortgage. Will Perenna grant consent to let?
- I'm thinking about letting my property on a homeowner mortgage with Perenna what is the procedure for getting consent to let?
- My GF is in the process of placing an offer on a new property in Bexley and is on to a good deal as it requires some work done. We want to rent our current property for two years and come back to live. Is there anything in the Terms and Conditions of my Perenna mortgage to say I can lease it out or do I require specific consent to let?
- I am interested in further information concerning consent to let mortgages, potentially moving our existing mortgage with Perenna over to a consent to let one.
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in supporting the above Perenna consent to let Questions and Answers
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
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 to have a license to do so from 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
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.
If you do not keep up the payments on your mortgage with Perenna your property may be repossessed