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Need professional advice for your consent to let with Zephyr Mortgages? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Examples of recent questions relating to Zephyr Mortgages consent to let
- I I have a normal mortgage with Zephyr Mortgages but I would like to occasionally rent the property out on AirBnB....do I need consent to let from Zephyr Mortgages?
- My plan is to move house. The query I have is whether consent to let will be granted on my house for me to then obtain a loan offer for the new house so I can put in an offer chain free and then let my property out should I move. Does Zephyr Mortgages grant consent to let for 12 months? Assuming the rental goes well can the consent to let period be prolonged further?
- Your view would be appreciated as to whether consent to let from Zephyr Mortgages is the right strategy for me. I purchased my house nine months ago by porting an existing Zephyr Mortgages mortgage product. My fixed rate came to an end two months ago I'm currently considering moving in with a new partner. I don't want to sell my house yet as I'm unsure of whether the new move will work out. Would it be likely that Zephyr Mortgages would grant a consent to let based on me letting out my property on a short hold tenancy for 1-2 years and then I either commit to a buy to let product or sell it?
- In 2001 I was granted consent by the local council and my mortgage provider Zephyr Mortgages to convert a small barn into a granny annex, conditional on it not being disposed of separately from the main house. My parents passed away some years ago and I would now like to let it out with consent to let from Zephyr Mortgages. Do you think this will be possible?
- My husband and I bought a place in Manchester with Zephyr Mortgages and am moving to rent a property in Cardiff due to work. Is consent to let from Zephyr Mortgagesavailable? I only want to let out the flat for half a year before selling.
- I am thinking about renting out my house obtaining consent to let from Zephyr Mortgages, what charges can I expect to pay?
- Do Zephyr Mortgages respond negatively to requests for consent to let? I am just considering this in order to move home in the coming months
- I am currently remortgaging and looking into the flexibility of certain lenders when it comes to consent to let. Zephyr Mortgages is one of the lenders I am thinking of going with. How accommodating are they are far as consent to let is concerned?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supporting the above Zephyr 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
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 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 the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Failure to advise 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 Zephyr Mortgages