Need Help?
Need professional advice for your consent to let with Rooftop Mortgages Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Rooftop Mortgages Consent to Lease Example Support Desk Enquires
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I have a regular mortgage over my home in loc with the intention of moving abroad to country for three years. During this time frame it makes financial sense to let out my house. My lender says I cannot have consent to let. I wish to avoid taking out a buy to let mortgage as it’s only for a short period that I am going away for.
- We are hoping to make use of equity in my present house to acquire an additional property which I intend to live in whilst I renovate it. I would like to rent my existing property with the Rooftop Mortgages loan. I was just seeking a general view on whether Rooftop Mortgages currently allows consent to let? House is valued at £450 k with a £150k home loan in place.
- My husband is in the army and he has been posted overseas and as we want to move as a family we need 'Consent to let' from our lender Rooftop Mortgages. Can you help me?
- We are looking to rent our one bedroom apartment out. We have put an offer on a further property for us to purchase and have a tenant to move into ours. I assume I have to ask our lender Rooftop Mortgages for consent to let. Is there a template consent to let request letter I can copy?
- It would be helpful to know if on the balance of probabilities Rooftop Mortgages will grant consent to let out our residential property in Bexley
- Rooftop Mortgages. Will they issue consent to let a property for 18 months? I will move back in again as an owner.
- I have a question I'd like to ask...if consent to let is given by Rooftop Mortgages would it usually be subject to a time limit, such as 6 or 12 months?
- I am hoping to fix my residential mortgage with Rooftop Mortgages but as a result of my job I will probably have to live abroad for a couple of years. Will Rooftop Mortgages allow and give consent to let and there be any penalty
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in supplemental the above Rooftop Mortgages consent to let Advice
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 inform them could result in 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 provisions in the lease may prevent 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 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 record their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Rooftop Mortgages