Consent to let

theartfullodger

MissMoneypenny wrote: »

..........

I'm sure Hamish is not trying to compensate for anything small ....

Yorkie1

HAMISH_MCTAVISH wrote: »

It's an immensely grey area.

What they're doing makes sense, from their perspective, as they can allow you to let the flat, make more money anyway, and potentially avoid having to deal with the hassles of keeping a tenant in-situ if you default, as they can can try to claim consent was not granted.

However, I would suggest that if you have notified the mortgage provider, and they elected not to take any further action other than to charge you a fee, then you may well have a case that they have effectively given implied consent, no matter how they phrase the contents of the letter or what they call the charges.

If that is the case, then insurance should also pay out for a claim, provided you also notified them of the specifics at the time of policy purchase.

But if I were you, I'd spend £100 and speak to a solicitor.

I was thinking along the same lines. The only difficulty with this approach is that you won't find out for sure unless / until the situation arises, causing everyone grief while the toss is argued.

Thrugelmir

Mortgagedude wrote: »

What they have said is that they won't be cancelling my agreement or expecting me to pay off the mortgage. Instead they will charge me an ongoing unauthorised letting fee of 2%.

Was this in writing?

I would say that you've probably been added to the NationalHunters database. Which may affect future financial transactions you undertake.

franklee

Thrugelmir wrote: »

the NationalHunters database.

:cool: what's that?

Thrugelmir

franklee wrote: »

:cool: what's that?

Info below.

The NationalHUNTER system is an anti-fraud data sharing system for use by members of the Financial Services Industry.It was founded in 1993, with the assistance of the Council of Mortgage Lenders (CML). From the initial six member organisations, the system has grown to include approximately 90 sites, all sharing application information for the purposes of fraud prevention.