If the property is mortgaged you must obtain the consent of the Mortgagee to any letting. If you do not obtain such consent you may be in breach of the mortgage conditions and the Mortgagee will have the right to foreclose and repossess the property. We strongly recommend that you contact the Mortgagee as soon as you decide, in principle, to let your property so that this can be dealt with in good time. Most lenders are quite willing to give consent where a letting is to be arranged via a professional management agent such as ourselves. In instructing us you are confirming that consent to lease has been obtained and it is your responsibility to notify us of any particular requirements your Mortgagee may have.
Leasehold Property
Many head leases require that you obtain consent to sub let before entering into any agreement involving letting residential property. Usually this is a straightforward formality to ensure that rental property is let to bona fide tenants who will abide by the terms of the head lease. It is important that you refer to your managing agent / freeholder before letting the property. Should you wish, we will gladly cooperate with your managing agent / freeholder to supply copies of relevant references, the tenancy agreement and other relevant documentation in order to obtain the necessary consent or licence for residential property letting. Please note that many managing agents charge a "licence fee" for providing consent to sub let over which we have no control.
