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Need professional advice for your consent to let with Pepper Money (PUK)? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Frequently asked questions relating to Pepper Money (UK) consent to lease
- We are a young couple and we have identified a house in Hillingdon that we like and wish to get a mortgage with Pepper Money (UK). Our concern is that I am pregnant and about to give birth any time soon as I am on my 9th month of pregnancy. This means that it would not be possible for us to move straight away so we are thinking to keep living with our parents for about six months. In the meantime, if we secure this property, we can let it out. I was just wondering how will that work out? Are we likely to obtain consent to let by Pepper Money (UK)
- I have a Pepper Money (UK) mortgage and have been renting my apartment omitting to get consent to let, making me in breach of my mortgage conditions. They may have suspicions that I am not residing there. Is my best option is to dispose of the property prior to being repossessed?
- I would like to let my garden flat out from the end of Nov next year as I will be going for a few months. I have a homeowner mortgage with Pepper Money (UK). I will not be letting for more than six months. Most likely it will be four months. It has been suggested that I get consent from my freeholder first? Please can you advise what I should be doing in what order?
- I have been serving in the Royal Navy for three years and planning to buy a house with a Pepper Money (UK) mortgage. I would like to obtain consent to let the house to my parents. In the future I would reside in the property with my family when my military career comes to an end. Will I need to apply to my Commanding Officer to request permission to rent it out?
- I have separated from my ex and we have each moved into our parents house and plan to divorce. What do I have to do to get Pepper Money (UK) to give consent to let our house out to tenants?
- My two year fixed rate with Pepper Money (UK) is due to run out shortly and I will switch on to the standard variable rate. Can you tell me whether consent to let from Pepper Money (UK) is a foregone conclusion, if there are charges, and if there conditions?
- I was just wondering how to obtain consent to let from Pepper Money (UK)...do I phone them or write a letter to them?
- We are interested to find out more about consent to let from Pepper Money (UK). Would an acceptable reason be parking problems and the house is too to small for me?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in supplemental the above Pepper Money (UK) consent to let Questions and Answers
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
Where 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 may 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
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 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.
If you do not keep up the payments on your mortgage with Pepper Money (UK) your property may be repossessed