Need Help?
Need professional advice for your consent to let with Skipton Building Society? 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 Skipton Building Society consent to lease
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Skipton Building Society have just granted me consent to let. After some effort, Skipton Building Society have issued me with ‘consent to let’ confirmation . The conditions attached to the consent refer to an assured shorthold tenancy. What is that?
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I am a first time buyer looking to purchase a 2 bedroom house in Skipton Building Society. I have a 40% deposit will be getting a mortgage from Skipton Building Society. My concern is that my partner inherited a flat in London and I anticipate moving in next month, when I would have to let out my property. I have heard of consent to let but it does not sound like there is any certainty. Can you offer any advice?
- My wife and I may be presented with an opportunity to work in a different office in the UK for a couple of months and wish to know if we can rent our current flat. It is a 2 year fixed rate and we are three months into the mortgage with Skipton Building Society. We have lived at the property for nearly five years. Our LTV is 80%. What are the chances of obtaining consent to let from Skipton Building Society? What can we expect in fees etc
- My husband and I are in a tricky mortgage situation currently. We have to rent our flat with consent to let and move to a different location due to schooling. We now rent a home. We are finding it very difficult to find a better mortgage deal for our consent to let home. Is there is a list available as to which lenders grant consent to let and what their conditions are?
- I have a mortgage with Skipton Building Society on a three year fixed rate. I may have an opportunity for a teaching post abroad next summer. Am I eligible for consent to let by Skipton Building Society if I took this opportunity overseas?
- Are you able to help? I am just curious whether Skipton Building Society offer consent to let as an option should I decided to let out my property under a domestic mortgage. Is there a specific rule for right to buy property and consent to let?
- My Skipton Building Society mortgage fixed rate ends in September and have to relocate for work soon after. Will I be able to both remortgage and gain consent to let?
- Is it possible to negotiate a consent to let from Skipton Building Society if I have an existing mortgage which has been in place for twelve years?
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in conjunction with the above Skipton Building Society consent to let information
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 terms are not adhered to 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 Skipton Building Society your property may be repossessed