Need Help?
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.
Frequently asked questions relating to Rooftop Mortgages consent to lease
- How difficult it would be to get consent to let with Rooftop Mortgages. I am considering fixed deals and intend to live at the property but want to understand my options if work has opportunities elsewhere for instance in two to three yrs Please let me know how challenging it is in your experience with Rooftop Mortgages?
- My twin is intent on letting his apartment out on the QT without consent to let from his mortgage provider Rooftop Mortgages. He has been on an interest only mortgage since 2010. Outstanding amount due is £112k, having bought the apartment for about £125k. In the absence of gaining consent to let from Rooftop Mortgages, exactly what sanctions is he likely to face?
- In the coming months I wish to move home and I am curious as to whether I can get consent to let on my house then get a mortgage approval for the new house so I can effectively bid thus being chain free and then lease my property out when I move. Will my lender Rooftop Mortgages grant consent to let for 12 months if they know I am wanting to buy somewhere else or only if I am moving temporarily for career reasons?
- Need some assistance regarding renting a property and consent to let. I plan to move in with my partner. The council would like to rent my flat for 5 year commitment with rent and service charges covered. The mortgage is with Rooftop Mortgages. Please help
- My husband and I have a Rooftop Mortgages mortgage currently and may wish to let it out temporarily with consent from Rooftop Mortgages for (two years). How long does it take to obtain consent to let?
- I am trying to investigate if it is possible to get a consent to let mortgage with Rooftop Mortgages rather than a buy to let mortgage
- I would like to know if I have a domestic mortgage with Rooftop Mortgages and decide to let it out, does the rate get loaded and are there any supplemental fees for applying for consent to let.
- Do I need consent to let if I rent to a family member (in my case my brother now lives there and contributes towards the Rooftop Mortgages mortgage)?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in conjunction with 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
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
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 inform your co-owner of your intention to let could result in them taking legal action 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