Need Help?
Need professional advice for your consent to let with Keystone Property Finance? 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 Keystone Property Finance consent to lease
-
I’d appreciate your advice if you have had experience requesting Consent to Leasefora year from Keystone Property Finance or whether you know how such consent is gained.
- Me and my partner were planning to purchase a garden flat with a £20,000 deposit with the intention of moving in. However in the next two years the in-laws have plans to move to France for a couple of years so we plan to move into the in-lawsLambeth apartment to "housesit". In the event that we go ahead with a residential mortgage with Keystone Property Finance would we likely encounter any issues with negotiating consent to let ?
- I am a couple of years up in my 5 years fixed term mortgage and have accepted an overseas job so would like to let my property for 2 years. My L2V is in the region of sixty per cent. Can you tell me if Keystone Property Finance will load the interest rate for consent to let for a couple of years?
- My mortgage with Keystone Property Finance has been in place for just under eight months but I discovered this week that I will soon be made redundant. I would appreciate some how to go about securing consent to let from Keystone Property Finance
- I have a homeowner mortgage with Keystone Property Finance and my circumstances have changed due to family, can I apply for consent to let. What changes will affect me?
- I am endeavouring to discover which lenders are best for allowing consent-to-let without hiking up rates, and hopefully allowing more than two years where required. Is that something you can help with? We are particularly interested in Keystone Property Finance
- I have a mortgage with Keystone Property Finance taken three months back where I moved from another lender. Am I now able to rent my property with consent to let from Keystone Property Finance as I am looking to purchase a further property.
- I would like advice as to how to go about obtaining consent to let from Keystone Property Finance and what, if any, fees apply.
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in conjunction with the above Keystone Property Finance consent to let Info
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 notify them could 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 provisions in the lease may prevent you from letting or require that you obtain the consent of the freeholder. If such conditions are not complied with you may be in violation of the lease. This could potentially result in 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 obtain their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Keystone Property Finance