Need Help?
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.
Pepper Money (UK) Consent to Lease Example Support Desk Enquires
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I plan to get in touch with Pepper Money (UK) to obtain consent to let out my property in Pepper Money (UK). However I have put the house on the market but there are no takers and forking out for a full mortgage, council tax and insurance on vacant house is hurting financially. How are Pepper Money (UK) going to react if I market the property?
- I need to switch my homeowner mortgage with Pepper Money (UK) to a consent to let and looking for some help... I purchased my first home in Edgware fiveyears ago. After a new job opportunity I moved to Belfast, and a few months ago got a residential joint-mortgage with my partner. I am inclined to keep with Pepper Money (UK) and seek consent to let rather than attempt to apply for a new mortgage elsewhere, but if Pepper Money (UK) refuse what lenders can I approach.
- I purchased a maisonette in Enfield last Summer and have a two year fixed rate mortgage with Pepper Money (UK). Looking to move in with my partner within the next six months and wish to lease out my property. Would like to be better informed as to the process.
- Is it possible that lenders (my home loan is with Pepper Money (UK)) have changed tune and are now taking a more relaxed approach towards consent to let? A broker recently mentioned to me that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. So if I switch from a residential to a BTL I am moving to a regulated product. He said that under the current regulation banks are reluctant to allow customers do this, which may explain why some banks will allow borrowers apply for consent to let but not swap to a BTL product. Is he correct?
- Pepper Money (UK) homeowner mortgage. Will they grant consent to let a property for two years? I will move back in again as an owner.
- I have a residential home. I would like remortgage with Pepper Money (UK) and either change to buy to let or consent to let. I'm still inside the Early Redemption Charge period so not sure if there such a thing as porting to some property?
- I would like to let my property for 3 years max. I would like to know if I could have a consent to let from my current mortgage lender Pepper Money (UK)?
- My OH and I would like to obtain consent to let on a house where we have a mortgage with Pepper Money (UK). If granted, how long would consent be given for? In asking for consent to let from Pepper Money (UK) are we running the risk of them forcing us to change deal to B2L
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in supplemental the above Pepper Money (UK) 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
You must inform your buildings/contents insurer that you are letting your property and failing to do so can render any insurance you have invalid. Especially having public liability cover is very important as it protects you in the event of a third party being injured on your property, not having this leaves you open to claims made by tenants for personal injury or damage to their possessions arising from incidents connected with your property lack of consent to rent.
Leasehold properties
Should the tenure of your property be 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 the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to advise 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.
If you do not keep up the payments on your mortgage with Pepper Money (UK) your property may be repossessed