Need Help?
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.
Sample questions relating to Zephyr Mortgages consent to let
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I’d appreciate your advice if you have had experience asking for Consent to Letfora year from Zephyr Mortgages or whether you know how such permission is obtained.
- My query does not relate to consent to let, I was enquiring as to whether you have an address or telephone number for a dedicated Zephyr Mortgages help desk who handle consent to let applications. Zephyr Mortgages has a first charge over my home.
- Earlier this year I let out my garden flat and have gained a Consent to Let with my bank. Six months have now gone by and they have upped my payments as previously advised. I am unwilling to switch to a more favourable product with them, as they will withdraw my consent to let. Were I to go with another mortgage company for example Zephyr Mortgages, would I be required to obtain a BTL mortgage or could I just remortgage and secure consent to let?
- Am with Zephyr Mortgages and wonder if I am required to disclose if we no longer reside in the property. I believe that they could increase the interest rate if we move and find a tenant but it's not very apparent what the change would be. If I decide to let my property out and seek consent to let in what way would the payments change?
- Just wondering if if consent to let would be forthcoming from Zephyr Mortgages enabling me to move back in with my mother and father for a year or two and save the money to extend the lease on my flat?
- I am considering relocating with work and would need to rent my property out. I have a mortgage with Zephyr Mortgages. My property is worth approx £185k and owe £48k on it. How likely is it that Zephyr Mortgages increase my mortgage rate?
- Do Zephyr Mortgages give consent to let? I am just considering this in order to move home in the coming months
- We need to contact Zephyr Mortgages to enquire about renting out our apartment. Do they post a document to me. Can I not get this from the site?
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in in addition to the above Zephyr Mortgages consent to let information
Tax and Legal
There are numerous potential 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 obtain the consent of the freeholder. If such terms are not adhered to you may be in violation of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Failure to advise 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.
If you do not keep up the payments on your mortgage with Zephyr Mortgages your property may be repossessed