Need Help?
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.
Sample questions relating to Gen H consent to let
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What options are open to me if my application to obtain consent to let is subsequently refused by Gen H?
- I'm purchasing a one bedroom ground floor purpose built maisonette in Harrow. My intention is to live there for nine months, and then move into a larger home. Rather than sell the first flat my preference would be to let it out so that it becomes an investment. Do you know if Gen H would grant consent to let in such circumstances?
- I own a 2 bed leasehold apartment with a Gen H mortgage and have a lodger in the 2nd bedroom. I am about to relocate to Bexley and will rent there. My lodger has asked to remain and has agreed to pay an increased rent. Must I apply for consent to let via Gen H?
- My wife and I are looking to lease out our ground floor flat in Islington in the new year. I would like some suggestions on what I need to do. I've just moved our Gen H mortgage to a fixed term and just need to understand the process and what information I'll need to get consent to let.
- My fiance and I acquired a property in Kenton with Gen H and am moving to rent a property in Oxford due to work. Is consent to let from Gen Havailable? I only want to lease out the flat for six to nine months before selling.
- I am endeavouring to discover which lenders are best for giving consent-to-let without raising rates, and hopefully permitting more than two years if required. Is that something you can help with? We are particularly interested in Gen H
- How do I go about getting a consent to let application form from Gen H and how quickly can I get the consent?
- Do you know if there is usually a maximum LTV before Gen H will give consent to let?
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in further to the above Gen H 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
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 may 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
Should the tenure of your property be leasehold, the lease may prohibit you from letting or require that you obtain the consent of the freeholder. If such terms are not adhered to you may be in breach of your covenants under 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 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 Gen H