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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.
Examples of recent questions relating to Danske Bank consent to let
- Just looking for some information, I have a mortgage on an apartment with Danske Bank and I am contemplating the idea of renting the property out. Could this be done without changing to a buy to let or receiving consent to let from Danske Bank?
- I am currently in the process of emigrating to California . As opposed to sell up, I would like to let my existing property out, just in case things turn out badly and I decide to return within a couple of years. My current mortgage is with Danske Bank. Would I be able to refinance with another mortgage lender on a much lower interest rate then apply for Consent to Let after the re mortgage has completed?
- I own a studio flat but I am seldom there, looking into the possibility of renting it out. My mortgage is with Danske Bank, would I have to convert my mortgage product or ought I apply for consent to let?
- My flat has a mortgage against it with Danske Bank and I have been letting out the property omitting to get consent to let, which I am now led to believe means I am in breach of my mortgage terms and condition. They may have suspicions that I am not residing there. Is my best option is to dispose of the apartment before repossession?
- How much is it to get a consent to let from Danske Bank on my residential property. Recently I have moved in with my partner and have a colleague wanting to let out the property.
- I have a consent to let letter that I have obtained from my management company. I would think I need to send this with a letter to Danske Bank with a view to obtaining consent to let from them. What address shall I send it to?
- My daughter has a mortgage with Danske Bank and she wants to lease her apartment out as she moving in with her boyfriend.Will she be given consent to let? What is the procedure and cost involved?
- I am hoping to fix my residential mortgage with Danske Bank but due to work related issues I may have to go abroad for few years. Will Danske Bank allow and give consent to let and there be any penalty
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supplemental the above Danske Bank consent to let Info
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
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 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 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 Danske Bank