Need Help?
Need professional advice for your consent to let with Landbay Partners Ltd? 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 Landbay Partners consent to let
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My husband and I purchased a flat in 2013 for 185,000 with Landbay Partners. I got married to someone in the RAF so moved in to married quarters in Gibraltar and now wish to have to get consent to let from Landbay Partners. Will they grant consent?
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I am a first time buyer hoping to complete on a terraced house in Landbay Partners. I have a 50% deposit and expect a mortgage from Landbay Partners. My concern is that my partner inherited a apartment in Birmingham and I anticipate moving in next month, when I would have to let out my property. I understand that consent to let is required but it does not sound like a guaranteed option. Is there any advice you can impart?
- I purchased a house a couple of years ago in Sunderland when I worked locally. I got a promotion which necessitated working in Watford. I commute down on Sunday evening and live with a family member mid week. I decided on relocating with the family to avoid the commute. I am deliberating the option of renting out my current home. My mortgage is with Landbay Partners, would I have to change my mortgage product or do I apply for consent to let?
- Our fixed rate mortgage with Landbay Partners comes to an end on 31st July. I am about to move to Belfast for my Job in March. I wish to lease out the house initially. Can I get a consent to let the property?
- I was just curious as to whether Landbay Partners would give consent to let and what kind of charges, penalties and new rates etc
- Last month I purchased a house with a Landbay Partners home loan. However I am currently living with parents. I don't want to move in until for six months due to personal issues. In meantime can I lease out the property with consent to let?
- I am currently in the process of applying for a mortgage through Landbay Partners - It is possible that in the within months I may decide to rent the property out - how would I change the normal mortgage to a buy to let mortgage?
- I'm interested to find out more regarding consent to let from Landbay Partners. Would a valid reason be issues with neighbours and the property is too to small for me?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in in addition to the above Landbay Partners 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 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
Omitting 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 Landbay Partners