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Need professional advice for your consent to let with Aviva Equity Release UK Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Aviva Equity Release Consent to Lease Example Support Desk Enquires
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I plan to ask Aviva Equity Release to obtain consent to let out my home in Aviva Equity Release. However the property has been on with agents for 5 weeks but there without a sniff of interest and paying a full mortgage, council tax and insurance on unoccupied house is exhausting my finances. How are Aviva Equity Release going to react if I have the house on the market?
- Is it possible to switch a residential mortgage with Aviva Equity Release to a consent to let. It will be less than 65% ltv and it would change from repayment to interest only?
- I am currently looking to purchase my first property however, I am self employed. I want to chose a mortgage company that will permit short term letting with a domestic mortgage so that I could let the property for no more than six months with long periods of absence without being compelled to a BTL product. Can you let me know how lenders would perceive this and in particular the approach taken by Aviva Equity Release.
- I am in the armed forces and planning to buy a home with a Aviva Equity Release mortgage. I would like to obtain consent to let the property to my mother and father in law. In years to come I plan to live in the property with my wife and kids when my military career comes to an end. Is this achievable?
- I have a normal mortgage with Aviva Equity Release which is only eight weeks long but I have been relocated with work. How easy is it to obtain consent to let from Aviva Equity Release for a mortgage that has only recently commenced and I have just purchased the property?
- Do Aviva Equity Release give consent to let? I am just considering this in order to move home in the the near future
- I am looking to get consent to let with my Aviva Equity Release residential mortgage. It is a 3 bedroom house. Will Aviva Equity Release grant consent on this basis? Or would it be regarded as an HMO?
- Seven weeks ago I completed my mortgage with Aviva Equity Release since when my boyfriend has proposed and we are deciding whether to live in his house or mine. Would I be allowed consent to let if I were to move in with him
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in in addition to the above Aviva Equity Release 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
Where 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 notify them may trigger your insurance becoming null and void. 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 lease may prohibit 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
Neglecting to inform your co-owner of your intention to let could result in them taking legal action against you. Be sure to record their consent in writing.
If you do not keep up the payments on your mortgage with Aviva Equity Release your property may be repossessed