Need Help?
Need professional advice for your consent to let with Clydesdale Bank 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 Clydesdale Bank consent to let
- I have been granted consent to let via Clydesdale Bank for a while now and they now wish to speak with me and I suspect their plan is to get rid of me. Can you help?
- I am thinking of applying for consent to let from Clydesdale Bank as my personal situation has altered. My stepdaughter was starting university and I concluded that we would move to the area and opted to buy a property as opposed to spend the money on renting. Since purchasing the house I have fallen out with my step daughter and she won't live there. Since the whole point was for her and the house location isn't so ideal for my work I would like to leave and let the house
- I am a letting agent. Where a landlord opts to rent out their property without consent to let from Clydesdale Bank - have I failed in my duty of care? Technically the landlord isn't committing a crime, however, they would be breaching their contract with the Clydesdale Bank, as Clydesdale Bank most probably require to be informed of any change in circumstances. If I turn a blind eye could I be accruing trouble?
- I am in the armed forces and am looking to buy a property with a Clydesdale Bank mortgage. I would like to be given consent to let the house to my parents. In years to come I plan to live in the property with my family when I leave the armed forces. Is this feasible?
- My wife and I have a Clydesdale Bank mortgage currently and may wish to let it out temporarily with consent from Clydesdale Bank for (two years). Is this possible?
- I want to take in in a lodger for my ground floor flat in Hounslow which I live in. My mortgage is with Clydesdale Bank. How do I go about getting a consent to let?
- My daughter has a mortgage with Clydesdale Bank and she wants to lease her apartment out as she moving in with her boyfriend.Will she be issued with consent to let? What is the procedure and what needs to be done next?
- Do I need consent to let if I rent to a family member (in my case my father now lives there and contributes towards the Clydesdale Bank mortgage)?
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in supplemental the above Clydesdale Bank consent to let Info
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 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
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 conditions are not complied with you may be in violation of your covenants under the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Failure to inform your co-owner of your intention to let could result in them commencing legal proceedings 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 Clydesdale Bank