Need Help?
Need professional advice for your consent to let with Danske Bank UK? 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 Danske Bank consent to lease
-
I have been asked by my proposed tenants for evidence of my ‘consent to let’ from Danske Bank, my bank. Is this a standard request?
-
I am in an impossible situation with a Consent to Let mortgage. Having sought consent to let the bank has requested that I produce an executed AST as a prerequisite to granting consent. Is is not the case that if I adhered to their request that I would be violating the lender’s terms and conditions?
- I would like to explore if I can obtain consent to let on my existing home. I have a mortgage with Danske Bank but my circumstances have changed. I'm looking to move in with my partner and daughter who have a house and is larger than my 1 bed apartment. I don't think I can qualify for a buy to let mortgage as I don't have the funds for a deposit nor do I earn more than £25000 per annum.
- We may need to rent out our home for a while due to a career opportunity. As we will be away for no more than twelve months would we need a consent to let our house. We already have a Danske Bank mortgage. What charges are levied and is there a time limit on consent to let?
- We are looking for some preliminary advice re consent to let? We have a Danske Bank mortgage and are thinking of leasing the place out for a couple of years, but cannot really afford to change to a buy to let rate. The estate agent mentioned something about a content to let
- My OH and I are planning to ask Danske Bank for consent to let out our property in Islington. We are moving overseas for 2 years and wish to rent out the property. I omitted to check this out when we got the Danske Bank mortgage, and that was due to the fact that we never foresaw an opportunity would arise such as this so was planning on living in the house.
- I previously took a mortgage with Danske Bank, but I am going to need to get consent to let for approximately a year as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to take a break for twelve months (by living near her mum and dad and having support) in a greener less hectic suburb of London.
- Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some borrowers to exploit?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in conjunction with the above Danske Bank consent to let information
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
Omitting to inform your insurance company of your intention to let could invalidate your insurance or leave you under-insured.This means that you could be personally liable for any claim made against you. 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 restrictions are not strictly observed 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 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 Danske Bank