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Need professional advice for your consent to let with Gen H? 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 Gen H consent to lease
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Just wondered if any of your clients had recent experience asking for Consent to Letforfor less than a year from Gen H or whether you know how such consent is gained.
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Is it possible to remortgage on a consent to lease with Gen H?
- Last month I was offered a job abroad and considering whether it's a good idea letting my house out. Will Gen H allow me to switch mortgage or give me consent to let? Should it not be available I will have to consider if I should accept the promotion. I have no objection to paying an increased amount as I intend to return and move into my home after 1 to 3 years. I'm not doing it to profit. Just really like my house and want to return to it at some point in the future.
- I found tenants for my house last year and didn't tell Gen H. I have a three year domestic mortgage (significant equity in it, never defaulted) and want to let Gen H know and get consent to let for the remaining 24 months of my mortgage . I am unsure what to do.
- I am require from Gen H consent to let out my house in Havering. I am putting in hand arrangements to move in with my mother as I am off work due to illness.
- Me and my husband and I have a mortgage with Gen H on our 2 bed flat in Lambeth. We are hoping to buy a new house to move into. How do I move our existing mortgage on to consent to let?
- I have a standard mortgage with Gen H which is only 6 weeks long but I have been moved abroad with my job. Is it possible to get consent to let from Gen H for a mortgage that has only recently commenced and I have just bought the property?
- Last month bought my home and took out a mortgage with Gen H but my boyfriend has asked me to move in with him. Would I be granted consent to let?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supplemental the above Gen H consent to let Questions and Answers
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
If 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 trigger your insurance becoming invalid. 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 obtain the consent of the freeholder. If such restrictions are not strictly observed you may be in violation of 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 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 Gen H