Need Help?
Need professional advice for your consent to let with Harpenden Building Society? 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 Harpenden Building Society consent to let
-
What do I do if my request for consent to lease is turned down by Harpenden Building Society?
- My flat has a mortgage against it with Harpenden Building Society and I have been letting out my apartment omitting to get consent to let, making me in breach of my mortgage terms and condition. I think I have come onto their radar that I am not residing there. What negotiating options do I have if I don't sell it before they are on notice that I have breached my Ts and C’s?
- I have just received a mortgage offer with Harpenden Building Society. With any luck I will complete in the next few weeks, however I may potentially be moved overseas for work. How likely is it for me to receive consent to let from Harpenden Building Society within a few months of drawing down on the mortgage. Do I have any other options?
- Last month I received consent to let on a owner-occupier homeloan with Harpenden Building Society with a view to changing to a buy-to-let rate when the fixed rate expires within the four months, so I'm not sure if this adds to the complexity of the issue! Any recommendations gratefully appreciated.
- It is looking as though I may need to move to NYC for two years, I have a house with a Harpenden Building Society mortgage. Do I need to ask consent to let? Will they willing to grant this?
- How easy is it to obtain a consent to let from Harpenden Building Society and what are the fees? If I want to let out my property for a couple of months how easy is it to fluctuate between a residential mortgage and consent to let?
- My marital situation has changed, and I wish to rent my place out - meaning consent to let- I have approx £175K loan with Harpenden Building Society and currently 100k equity I need to side-step the redemption penalties.
- Due to work opportunities I will be moving to Belfast and would like to rent the flat temporarily, please let me know what steps I need to take in order to obtain consent to let from Harpenden Building Society?
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in further to the above Harpenden Building Society 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
Omitting 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
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 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
Failure 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.
If you do not keep up the payments on your mortgage with Harpenden Building Society your property may be repossessed