Need Help?
Need professional advice for your consent to let with Darlington Building Society? 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 Darlington Building Society consent to let
- I am currently in the process of emigrating to Germany . As opposed to finding a buyer, I would prefer to lease my existing property out, just in case things don’t work out and I decide to return in one or two years. The current mortgage is with Darlington Building Society. Would I be able to refinance with another mortgage lender on a much lower interest rate then apply for Consent to Let once the re mortgage has completed?
- I am interested in finding out more about the conditions customers have to satisfy before consent to let from Darlington Building Society is issued. Do you know if there are any restrictions on who can be issued with consent?
- I have a Darlington Building Society mortgage and 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. I fear that they have sussed that I am not residing there. What negotiating options do I have if I fail to sell it in time before they become aware I have breached my terms and condition?
- I would appreciate some feedback as to whether consent to let from Darlington Building Society is the right approach. I acquired my property last July by porting a Darlington Building Society mortgage product. My fixed term expired five months ago I'm weighing up moving in with a new partner. I don't want to sell my house yet because I'm unsure of whether the new move will prove successful. Would it be likely that Darlington Building Society would grant a consent to let based on me letting out my property on a short hold tenancy for 1-2 years and then I either commit to a buy to let product or sell it?
- I am looking to get consent to let on my Barnet maisonette from Darlington Building Society. I will be going abroad for a year and so want to know if I can let my flat
- I am interested in more information regarding consent to let mortgages, potentially transferring our existing mortgage with Darlington Building Society across to a consent to let one.
- Last month I bought a property with 10% deposit for personal reasons. A homeloan was taken with Darlington Building Society. However my circumstances have now changed. I am being transferred abroad. Am I able to obtain consent to let from Darlington Building Society and put the house up to let?
- Do you know whether there a time limit on a consent to let from Darlington Building Society? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supporting the above Darlington Building Society consent to let information
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
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 inform them could result in your insurance becoming null and void. 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 to have a license to do so from the freeholder. If such restrictions are not strictly observed you may be in breach of the lease. This could trigger 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 obtain their consent in writing.
If you do not keep up the payments on your mortgage with Darlington Building Society your property may be repossessed