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Need professional advice for your consent to let with Rooftop Mortgages Ltd? 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 Rooftop Mortgages consent to lease
- Me and my partner were planning to purchase a garden flat with 10% deposit with the intention of living there. Somewhat fortuitously the in-laws have plans to move to Spain for a year or two so we would be moving into the in-lawsBromley apartment to "housesit". Should we go ahead with a residential mortgage with Rooftop Mortgages would there be any difficulties with gaining consent to let ?
- I will shortly be emigrating to Denmark. Rather than sell my house, I would like to rent it out, just in case things don’t pan out. My existing mortgage is with Rooftop Mortgages. If I applied for a refinance would a new lender view this as me attempting to dodge a Buy To Let mortgage, of which there is very little availability for 80% LTV, and hence reject my application for Consent to Let?
- I plan to lease our current flat out early next year when we move. I will apply for consent to let from Rooftop Mortgages. The property is currently in my name but I am a higher rate tax payer. Is it best to do a equity transfer to her or can I enter into a Declaration of Trust?
- Me and my fiance are soon to buy a place together. Idea is for me to get consent to let my property from Rooftop Mortgages. Thinking about the future - when my two year fixed comes to an end - how would it work if I wanted to refinance then?
- I need to send the consent to let form by courier and wanted to know if Rooftop Mortgages have a regular mailing address I can use as couriers usually don’t accept deliveries to PO Box addresses.
- I was just looking into consent to let as it's something potentially I require from Rooftop Mortgages within the next 12 months. Our marital situation has changed, and I wish to let my home out
- I plan to buy a new house but can't afford to sell the existing property with a Rooftop Mortgages mortgage. Do you know acceptable terms for Rooftop Mortgages to grant consent to let? Is getting married and having children an acceptable reason to seek consent?
- Can you tell me how much the fees are and if Rooftop Mortgages usually give consent to let without changing to a commercial rate?
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Caveats to be read in in addition to the above Rooftop Mortgages 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
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
If your property is leasehold, the provisions in the lease may prevent you from letting or require that you obtain the consent of the freeholder. If such conditions are not complied with you may be in breach 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 Rooftop Mortgages