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.
Sample questions relating to Danske Bank consent to let
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Is consent to lease required from Danske Bank or can I let my basement flat without telling Danske Bank and being forced to convert to a buy-to-let loan?
- I rented my house out for three years from 2009-2012 while living abroad. I have a letter dated January 2010 from my building society granting consent to let. In the letter it clearly states that the consent to let is valid for "the remaining term of the mortgage". I have not remortgaged since the letter was issued. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not be sufficient for the new lender Danske Bank for the property I intend to purchase.Your view would be appreciated
- I have found myself in the accidental landlord scenario and without consent to let from Danske Bank. I had to leave my flat for family reasons, so now live in another part of the country. I originally attempted to sell the flat, but prices were low, resulting in negative equity. This was four years ago in 2012, the value has gone up and has given me time to accumulate savings. I am in now in a position where I could convert to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Danske Bank that I have been letting without consent to let? I appreciate that I shouldn’t have done what I did, but circumstances backed me into a corner. Have I committed a criminal offence?
- Need some information concerning renting a property and consent to let. I plan to move in with my partner. The local authority would like to rent my flat for five year commitment with rent being paid and maintenance. Our mortgage was changed to Danske Bank last year. Please advice
- I have a mortgage with Danske Bank and am considering letting it for two months while on holiday. Will Danske Bank consent to this?
- I am trying to find out Danske Bank fees for conversion to consent to let from a fixed rate residential mortgage?
- Me and my partner have had my mortgage with Danske Bank since 2007 and always made payments If I sought consent to let would I get a positive reply?
- Assuming that I was successful in obtaining consent to let from Danske Bank, can I sell during the consent period? Is it possible that I would incur any penalties?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in in addition to 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
Should the tenure of your property be leasehold, the provisions in the lease may prevent 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
Omitting to inform 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.
If you do not keep up the payments on your mortgage with Danske Bank your property may be repossessed