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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.
Recently asked questions relating to Danske Bank consent to lease
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I acquired a house in 2012 for £147,000 with Danske Bank. My husbands career requires that we move to Belgium and now wish to obtain consent to let from Danske Bank. Do you have any experience of consent to let from Danske Bank?
- I have a Danske Bank mortgage and have been letting out my apartment without consent to let, making me in breach of my mortgage Ts and C’s. I think I have come onto their radar that I am not residing there. What are the legal consequences of my actions?
- I am looking to move home and I am curious as to whether I can get consent to let on my house then get a mortgage approval for the new house so I can effectively bid without being part of a chain and then let my property out once I move. Will my lender Danske Bank grant consent to let for 12 months if they know I am looking to purchase somewhere else or only if I am relocating short term with work?
- Me and my OH have a flat in Brent which we purchased off-plan approximately twelve years ago. As childen are growing up we are looking for a larger place. We've found a property in Redbridge that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with Danske Bank and we've found a tenant who will pay rent which more than covers the monthly mortgage amount. The question is, can we hold onto the repayment mortgage with Danske Bank so we effectively paying off our mortgage on the property or must we to switch to a buy-to-let product?
- My husband and I are endeavouring to discover which lenders are best for allowing consent-to-let without raising rates, and hopefully allowing more than 2 years where required. Is that something you can help with? We are particularly interested in Danske Bank
- If I were to apply for consent to let from Danske Bank how long will it take to hear back?
- We took out a mortgage with Danske Bank a few months ago and although it's still early days we may have to relocate around next Spring and would like to be able to let our house out. Is this possible with a non- buy to let mortgage?
- Can you tell me how much the fees are and if Danske Bank ordinarily issue consent to let without switching to a commercial rate?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in conjunction with the above Danske 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
One thing to remember when arranging a consent to let mortgage with Danske Bank is to switch your existing residential buildings insurance policy to a landlords buildings insurance policy. The insurance premium is marginally more expensive but if you don’t switch your insurance and you need to make a claim then you won’t be covered on your regular residential buildings insurance. 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 breach of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting to inform your co-owner of your intention to let could result in them taking legal action against you. Be sure to obtain their consent in writing.
If you do not keep up the payments on your mortgage with Danske Bank your property may be repossessed