Need Help?
Need professional advice for your consent to let with Habito? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Common questions relating to Habito consent to lease
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My partner and I may need to lease our Lewisham home temporarily due to a new job. This will be temporary but perhaps for seven years. Should I tell Habito or do I just keep quiet?
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Doing everything by the book I’ve been leasing out my house with "consent to let" from Habito on a standard mortgage for the past three years. Habito have now advised that they are revoking consent to let if we do not switch to one of their "buy to let" loans.
- My granddaughter is going to work abroad for two years and would like to lease her flat out. She has a Habito fixed rate mortgage on repayment and wants consent to let the property as well as transfer to interest only. What does she need to do?
- My wife and I may need to rent out our home for a while due to a career opportunity. As we will be away for no more than twelve months would we need a consent to let our home. We already have a Habito mortgage. What charges are incurred and is there a time limit on consent to let?
- There is a chance of me going to Aus for twelve months with work. Planning on taking the husband with me and hoping to rent our UK property in the meantime on a short term basis to make matters more cost effective. I was just wondering whether Habito currently allows consent to let
- How do I go about securing consent to let from Habito? Is there certain requirements for instance you must have owned the property for over 9 or 12 months before its issued?
- I am interested in consent to let for my property mortgaged with Habito. How do I move forward? Do I have to write to Habito and get them to agree?
- About to remortgage my property but I will potentially moving out in the next year and would be looking to rent it out. Do Habito give a consent to let letter?
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in supplemental the above Habito consent to let Info
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
Failure 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 lease may prohibit 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 trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Failure 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 Habito