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.
Frequently asked questions relating to Perenna consent to lease
- I have had consent to let via Perenna for a while now yet they now want to speak with me and I suspect their motive may be to get rid of me. Can you help?
- A friend of mine has rented her house off the same landlady for nearly 18 months. During the past year my friend has received letters from Perenna (it is apparent from the envelope). Inititially she reposted them to her landlady's address. I was a bit suspicious as none of her landlady's mail was meant to be going there. I decided to go to my friends house and called Perenna on her behalf. The lady I spoke to at Perenna had a long list of queries, the landlord’s name her current address, information on the tenant and then said they would look into whether she had the right mortgage and if she didn't it was an offence with no consent to let. What does this mean for my friend?
- I have had a home loan with Perenna for since 2009. My divorce went through months ago and bought the ex wife out. My circumstances have changed, I want to keep my house but live with my new partner, leasing my house out. It has been suggested by my financial advisor that I can ask for a consent to let from Perenna instead of a buy to let mortgage as I haven't purchased the house with the intention of letting it out, is this right?
- We have a self certified mortgage with Perenna that we are having problems negotiating consent to let due to being in Dubai and renting out the apartment from 2010 without their consent which was a mistake on our part. We have a 50% LVR and made overpayments of £500pm for five years so we are not in arrears. We are willing to switch onto a BTL rate with them at a higher rate however that has not been offered to us.
- Me and my partner took a mortgage with Perenna but am informed they have a policy that they do not give consent to let the property to a housing association. Is this correct and if so, can you suggest a method round this?
- Please can you provide me with details of how to go about gaining consent to let from Perenna and what, if any, fees I face.
- I have fixed rate mortgage with Perenna. I am going have to rent out my house due to necessity. If I apply for consent to let, will I have to pay significantly more interest?
- I would like to get consent to let from Perenna for a few years until I hope to switch to a BTL. Is this feasible
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in conjunction with the above Perenna 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
Failure 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 restrictions are not strictly observed you may be in breach of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with Perenna