Need Help?
Need professional advice for your consent to let with Ahli United Bank (UK) plc? 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 Ahli United Bank consent to let
- I am looking to acquire a maisonette in Sutton. My plan is to reside there for a year, and subsequently move into a bigger property. As opposed to selling the first apartment I'd like to rent it out so that it form part of my investment portfolio. Do you know if Ahli United Bank would grant consent to let after half a year?
- Hello, I have consent to let my house with Ahli United Bank and am about to give my tenant two months notice as I intend to find a buyer. I am worried about the property being empty once the tenant leaves and finding a purchaser. Not once have I defaulted on the account, would it be possible to take payment holidays until sold?
- I have a studio flat in Camden which I purchased in 2007 and which I have since remortgaged with Ahli United Bank on a fixed rate which ends next April. If I want to lease out the property whilst I go travelling what do I need to do and is there a time limit? Are there any other financial repercussions when seeking consent to let?
- My partner and I have decided to lease our one bedroom second floor purpose built flat out. We have made an offer on another property for us to purchase and a tenant at the ready to move into ours. I assume I have to ask our lender Ahli United Bank for consent to let. I wonder if there is a standard consent to let request letter I can use?
- As a result of work opportunities I will be relocating to Wales and would like to let out my flat temporarily, are you able to confirm what action I need to take in order to obtain consent to let from Ahli United Bank?
- How likely is it that I can retain my current residential mortgage with Ahli United Bank if I start renting out? If the consent to let is issued will they load the interest rate?
- Just wanted to know what needs to be provided to Ahli United Bank in order to get consent to let? I just finished a three year fixed mortgage and potentially moving to another property with my wife.
- Are you able to shed light what the procedure would be if we move to a new home and need to obtain consent to let for our existing mortgage with Ahli United Bank
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in in addition to the above Ahli United Bank consent to let Questions and Answers
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
If you hold buildings and contents insurance on your property you should review it to make sure it continues to provide the cover you need. It is also important that you update your insurance provider of your change in circumstance, as failure to inform them could trigger your insurance becoming invalid. 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
If your property is leasehold, the provisions in the lease may prevent you from letting or require that you obtain the consent of the freeholder. If such terms are not adhered to you may be in breach of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting 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 Ahli United Bank your property may be repossessed