Need Help?
Need professional advice for your consent to let with Capital Home Loans? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Common questions relating to Capital Home Loans consent to lease
- I have a 1st time buyer mortgage with Capital Home Loans and will be joining the Royal Fleet Auxiliary in March. This is a civilian manned fleet owned by the MOD. I will be at sea four months on and three months in the UK. During my time away I want to let out my property in Waltham Forest and live with my brother when on shore. I am confident that my rental income would cover my monthly repayments. Can you help?
- I have had a mortgage for eight years with Capital Home Loans. My partner has bought a property in Bromley and I have the chance to move in with him. Is it possible for me to lease out my property with consent to let in case I need to move back? Also what legal paperwork must I provide Capital Home Loans with when filling in the consent to let application?
- I am contacting you on behalf of a colleague who has a mortgage with Capital Home Loans. He wanted to find out if there is a fee for consent to let? He has been offered a job overseas and would like to rent out his home in the meantime.
- I am may soon need to apply for consent to let from my existing mortgage lender Capital Home Loans. A colleague of mine said that she was given ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an AST. Can you explain what this is?
- I was just looking into consent to let as it's something potentially I would need from Capital Home Loans within the next year. Our family circumstances has changed, and I wish to lease my home out
- My work commitments are changing and this could result in mebe in different places every month and as a result I wanted to get to grips with the process for applying for consent to let with Capital Home Loans
- I recently bought a one bed flat in Harrow. I am a FTB. I am moving Glasgow next month, can I get consent to let from my lender Capital Home Loans or do need to wait for at least 6 months?
- I may potentially need consent to let from Capital Home Loans in the future with work. I am just checking what the options would be if this was the case. Are there any time restrictions on how long you can let out your property with consent?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supporting the above Capital Home Loans 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
If your property is 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 your covenants under the lease. This could potentially result in 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with Capital Home Loans