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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.
Recently asked questions relating to Perenna consent to lease
- I obtained consent to let from Perenna 3 yrs ago but never used it and subsequently refinanced with a new bank. I recently applied for consent to let. I was told it would be authorised since their requirements were met. I have now received a letter informing me that I need to provide a letter from the DWP indicating that that are aware of my current situation before they can provide authorisation. They said this is policy but I have not been able to find these T&Cs on their site. I did complain about the inference that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £35 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to discontinue claiming
- I have a Perenna mortgage on an apartment I own, in Tower Hamlets. Last month, resulting from a change in personal circumstances I decided to rent out this flat, and rent a house in a different area within same loc. The personal situation that altered is that my partner moved in, and the flat is not big enough for our needs. I would rather not sell the flat because the current market value is 15% less than when I purchased the flat seven years ago. I contacted Perenna for a consent to let which was refused as they felt that my intention was to invest in the flat. The whole process was very confusing. There is a sense of urgencybecause there is already a prospective tenant waiting for this consent to let and could withdraw.Many thanks
- In a situation where a property owner chooses to rent out their property in the absence of consent to let by Perenna - what, if any implication could there be for an agent acting on their behalf?
- My husband and I may have to let his studio flat out. I am aware that I must obtain consent to let from Perenna. We plan to join a landlord association should we decide to let the flat, but which one should we join? We've seen the RLA and National Landlords Association.
- I have Perenna mortgage and am thinking of letting the property. I understand I would need a consent to let to do this...is that correct ?
- Prospective tenants are about to move into my property and I have mortgage offer from Perenna on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
- Do you know if I can retain my existing residential mortgage with Perenna if I start renting out? If the consent to let is given will they tie me into an increased rate?
- I was just enquiring how to obtain consent to let from Perenna...do I phone them or apply formally in writing to them?
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Information to consider in supplemental the above Perenna 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
If your property is leasehold, the lease may prohibit you from letting or require that you to have a license to do so from the freeholder. If such conditions are not complied with you may be in breach of 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.
If you do not keep up the payments on your mortgage with Perenna your property may be repossessed