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.
Habito Consent to Lease Example Support Desk Enquires
- My husband and I are interested in finding out more about the conditions borrowers have to satisfy before consent to let from Habito is issued. Do you know if there are any restrictions on who can be given consent?
- My partner and I may have to rent his property out. I am aware that I must obtain consent to let by Habito. We plan to join a landlord association should we decide to let the property, but which one should we register with? We've seen the RLA and National Landlords Association.
- My fiance had a conversation with someone at Habito on Tuesday concerning consent to let. We are awaiting a returned call. We have placed an offer in on a one bed flat that has been provisionally accepted so we need to know how likely it is that we will receive consent to let by Habito?
- In 1999 I was granted permission by the local council and my mortgage provider Habito to convert a small barn into a granny annex, conditional on it not being disposed of separately from my property. My parents died some years ago and I would now like to rent it out with consent to let from Habito. Do you think this can be obtained?
- I would like to send the consent to let form by courier and need to know if Habito have a regular mailing address I can use as couriers usually don’t accept deliveries to PO Box numbers.
- Will Habito want to know why I am seeking consent to let? Should I disclose my potential relocation abroad?
- I recently bought a property with 10% deposit for personal uses. A mortgage was taken with Habito. But my circumstances have now changed. I am being transferred abroad. Am I able to obtain consent to let from Habito and put the property up to let?
- I would like details of how to go about gaining consent to let from Habito and what, if any, cost I face.
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in conjunction with the above Habito consent to let Questions and Answers
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
One thing to remember when arranging a consent to let mortgage with Habito is to switch your existing residential buildings insurance policy to a landlords buildings insurance policy. The insurance premium is marginally more expensive but if you don’t switch your insurance and you need to make a claim then you won’t be covered on your regular residential buildings insurance. 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 your covenants under 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 record their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Habito