Need Help?
Need professional advice for your consent to let with DB UK Bank Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
DB UK Bank Consent to Lease Example Support Desk Enquires
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My husband and I plan to return to Floridain Month, perhaps temporarily but potentially longer term. We have just applied to DB UK Bank for consent to let out our property (we have already found tenants). The mortgage has been in place with DB UK Bank for 9 years and the account is up to date with no current arrears. DB UK Bank advise, that even if they do agree, that this is a short term consent for a period of twelve months. After the year is up what happens next?
- I acknowledge that I have been extremely reckless in not informing DB UK Bank that I’m renting my house out. Ideally I would like to do the right thing with as little consequence as possible. If DB UK Bank says yes, is there any way of them discovering that I’ve already been renting it without consent?
- As a result of a change in personal circumstances my wife and I are housesitting my parents house while they are away and letting our home out. What is best way to approach my mortgage lender for a 'Consent-to-Let' ? We will need to remortgage in the next year will we then transfer to a BTL mortgage. We intend to return to our flat at within the next twelve months?
- Enquiring if DB UK Bank conduct any checks when applying for a resi mortgage, I'm preferably looking to lease the property out and am unsure as to whether I should apply for consent to let. How would they find out if I rent the place out?
- My wife and I are 12 months into a three year domestic mortgage with DB UK Bank. Just enquiring if it's ok to lease out the flat on my current mortgage. Will DB UK Bank grant consent to let?
- Can you help with a question...if consent to let is granted by DB UK Bank would it usually be subject to a time limit, such as 6 or 12 months?
- I would like some advice on how best to approach my mortgage provider DB UK Bank regarding a 'Consent-to-Let' application. Is this a task you can assist me with ?
- Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some people to exploit?
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in supporting the above DB UK Bank consent to let Advice
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 notify them could trigger 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 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 violation of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to advise your co-owner of your intention to let could result in them taking legal action 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 DB UK Bank