Need Help?
Need professional advice for your consent to let with Platform Home Loans Ltd? 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 Platform Home Loans consent to let
- If I decided to rent out my maisonette with consent to let via Platform Home Loans, what proof would be required of the letting? If after 1 year I decided to let it on a number of short term rental, am I still required to provide proof to Platform Home Loans, or will they leave me alone provided i keep up with the payments? E.G. if I rent the rooms out separately at a later stage, is there any reason for Platform Home Loans to be informed and would they take issue?
- My granddaughter is going to work overseas for two years and wants to rent her property out. She has a Platform Home Loans fixed rate mortgage on repayment and wants consent to let the property as well as transfer to interest only. What does she need to do?
- We recently sorted our rates for another fixed five years with Platform Home Loans. Some weeks later, I went to an interview and basically I accepted the job offer in Barnet. I'm going to rent a one bed flat for the family in Bexley as we don't want to sell the house and moreover we might come back within a couple of years.... We really have no idea how things will work out. We have contacted Platform Home Loans but we would appreciate your point of view please. How is it to have a consent to let in that case as we just got a fixed 5 years rate we really don't want to lose this rate.
- I found tenants for my property last June and didn't tell Platform Home Loans. I have a three year residential mortgage (large amount of equity in it, no arrears) and want to let Platform Home Loans know and get consent to let for the final 24 months of my mortgage . I am unsure how to go about this.
- I am looking to Platform Home Loans to grant consent to let out my studio flat in Greenwich. I am moving to Norway for Six months on a secondment.
- My husband and I have a letter to Platform Home Loans requesting consent to let signed and ready, but I'm not sure what address I should post this to. Can you please help me with the address?
- Do you have the address to which a Consent to Let request to be sent for Platform Home Loans? Sorry about bothering you with this query.
- I may potentially need consent to let from Platform Home Loans in the future with work. I am just exploring what the options would be if this was the case. Are there any time restrictions on how long one can let out a property with consent?
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in supporting the above Platform Home Loans consent to let Advice
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
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 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
Neglecting to inform your co-owner of your intention to let could result in them commencing legal proceedings 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 Platform Home Loans