Need Help?
Need professional advice for your consent to let with Pepper Homeloans? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Pepper Homeloans Consent to Lease Example Support Desk Enquires
- I need to move my children's school by early-August and move to a different area. I don't have time to sell my house.The only way I can see of doing it is to lease my property out. Currently I have standard occupiers insurance. Am I obliged to take out a different insurance? Do I need consent to let by my mortgage provider Pepper Homeloans
- I would like to move and let out my three bed flat in Tower Hamlets. Having bought it in summer 2009 and presently on a 85% ltv there is little equity in it. My mortgage is with Pepper Homeloans. Do you know where Pepper Homeloans stand when it comes to consent to let?
- I'm looking to remortgage our old garden flat, currently let out with consent to let from Pepper Homeloans, onto a BTL rate as we will not be moving back into it now since we have our family home. So, I'm assuming I need a specialist broker for this and I am not really au fait with what is on offer in this area. Are you able to recommend an efficient broker service specialising in BTL?
- I would like to let my maisonette out from mid June this year as I will be going for a few months. I have a domestic mortgage with Pepper Homeloans. I will not be letting for more than six months. Most likely it will be four months. I have been told to get consent from my freeholder first? Please can you suggest what I should be doing in what order?
- I have a question I'd like to ask...if consent to let is granted by Pepper Homeloans would it usually be subject to a time limit, such as one year?
- There is a chance of me going to Hong Kong for a year with work. Planning on taking the husband with me and hoping to rent our UK property in the meantime on a temp basis to make things more cost effective. I was just wondering where I can I get a consent to application form from
- I are thinking about applying to Pepper Homeloans to obtain consent to let our property, how long does it take from the point of sending the forms to us finding a letting agent and listing our house for rent? and are there any other steps we will need to go through?
- I may be looking to lease out my property and wondered what I would need to do to get consent to let from Pepper Homeloans. There is a possibility that I might be moving abroad for six months.
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in supplemental the above Pepper Homeloans consent to let information
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
If your property is 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 violation of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting 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 Pepper Homeloans