Tattersalls

Estate Agents and Property Management

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Mortgages

Should the property be subject to mortgage or have a loan secured against it, permission is normally required from the Building Society, Bank etc., before the property is let.  The Landlord is therefore obliged to inform their mortgage lender as soon as possible of their intention to let, so that unnecessary delay is not incurred once a suitable Tenant has been found. Your lender may require special notices to be served on the tenant prior to the agreements being signed and in these circumstances Tattersalls must be advised at least three days before the agreements are signed. It remains the Landlord’s responsibility to arrange any mortgage payments.  Certain lenders can charge up to £100.00 as an administration fee as well as up to 1% additional interest.

If your property is leasehold you must obtain permission to let in writing from the Freeholder.