PROPERTY: MORTGAGE ACC:

Transcription

1 CA/ 16 May 2017 Mortgage Centre PO Box 123 Greenock PA15 1EF DX , Greenock 3 Website: Telephone: Minicom: (Your call may be recorded) Dear PROPERTY: MORTGAGE ACC: We refer to your request to let the Property. Our conditions for granting consent to let the Property are set out in the Schedule below. These conditions apply to all current and future tenancy agreements. Under the terms of your mortgage you must obtain our written consent before entering into any letting arrangement. We will not consent to any letting arrangement unless you confirm that all of our conditions will be met. To be clear, this letter only sets out our letting conditions. If you wish to apply for our consent, please complete and sign the enclosed form before returning it to us. If your mortgage was taken out under the Government s Help to Buy: mortgage guarantee scheme, please note that we are able to consent, in exceptional circumstances, to you letting out your property. On receipt of your application we will be able to consider whether your circumstances constitute circumstances which allow us under the scheme to consent. If there are currently any arrears on your account please contact our colleagues on to discuss your request to let. You may need to clear any outstanding arrears on the mortgage before we will provide our consent to let. You must notify your Buildings Insurance Company that the property is to be let, and must maintain adequate buildings insurance cover at all times, as per the terms of your mortgage. Please note that a one-off Administration fee of is payable as part of any application. The Administration fee can be paid by card (please call the above telephone number to make payment) or by cheque (made payable to National Westminster Bank Plc). National Westminster Bank Plc Registered in England No Registered Office: 135 Bishopsgate, London EC2M 3UR Cont'd National Westminster Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

2 Once we have received the completed form confirming that you will be bound by our letting conditions, we will process your application for consent. Please note, we are unable to accept faxes. All changes of correspondence address must be in writing to us, signed by all parties to the mortgage. It is your responsibility to ensure that we have the correct correspondence address for you to prevent any mail related to your mortgage going to an incorrect address. If you enter into a letting arrangement without our consent or, once our consent has been obtained, you fail to comply with our letting conditions at any time, you will be in breach of the terms of your mortgage and we may take any enforcement action which is provided for under those terms. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Yours sincerely Nigel Davey Head of Mortgage Operations

3 Schedule of Letting Conditions: 1. The Property must be let as a whole and no alterations are to be made to allow it be let as separate selfcontained units. 2. Each and every tenancy agreement relating to the Property must: a) create an Assured Shorthold Tenancy in England and Wales, or if that is not possible because the annual rental income exceeds 100,000.00, you must instruct a Solicitor to review the tenancy agreement to ensure that our interest in the Property is protected, and our other requirements as set out in this consent are complied with; b) create a Short Assured Tenancy, and a Ground 2 Notice must be served on the tenant before the start of the tenancy, in Scotland; c) be (if the Property is in Northern Ireland) for a term certain stated in the tenancy agreement of not less than 6 months or more than 12 months or if the tenancy agreement creates a periodic tenancy the tenancy agreement provides for termination by the landlord on not less than 28 days notice but does not oblige the landlord to give more than 1 month's notice to terminate; not contain a clause extending or conferring an option to extend the term certain referred to above other than on terms which provide for termination of the tenancy agreement by the landlord on not less than 28 days notice but does not oblige the landlord to give more than 1 month's notice to terminate; and not create, extend or continue a tenancy which is:- i. a Restricted Tenancy either protected or statutory within the terms of the Rent (Northern Ireland) Order 1978; or ii. a Regulated Tenancy either protected or statutory within the terms of the Rent (Northern Ireland) Order 1978; or iii. a Protected Shorthold Tenancy within the terms of the Housing (Northern Ireland) Order d) be for between 6 and 12 months without any right to extend or option to renew; e) prohibit any sub-letting 3. If the Property is leasehold, you will obtain the consent of the landlord and any superior landlord, as necessary. 4. You and any agent you appoint will deal with any tenancy deposit in accordance with an authorised scheme, and will comply with all legislation which applies to the letting. Where the Property is in Scotland, this includes (but is not limited to) compliance with the requirements of the Antisocial Behaviour etc. (Scotland) Act Where the Property is in England or Wales, it must not be a requirement for you to obtain a licence from a Local Housing Authority (for instance under a selective licensing scheme). You should take advice from your solicitor if you are unsure whether this applies to the Property. 6. The property must not be let as a House in Multiple Occupation. This means that: a) in England and Wales it must not be let to 3 or more tenants forming 2 or more households who share a kitchen, toilet or bathroom; b) in Scotland, it must not be let to 3 or more tenants who share a kitchen, toilet or bathroom (unless the tenants are members of only one or two families). c) in Northern Ireland, it must not be let to 2 or more tenants who occupy the Property as their only or principal place of residence (unless the tenants are members of only one or two families or there are no more than two tenants occupying the Property in addition to the owner and the owner's family). If you are unsure whether this condition applies to the Property, please contact your solicitor, letting agent or Local Housing Authority.

4 7. You will seek possession of the Property if we reasonably require you to. 8. If your mortgage forms part of the Help to Buy: mortgage guarantee scheme and you have applied for our consent to let by reason of the fact that you are in the armed forces and are undertaking a service posting in that capacity, the property may only be let for the period during which you are undertaking that service posting. 9. The payment of the Administration fee is detailed in the attached letter.

5 ACCEPTANCE OF LETTING CONDITONS If you are unsure of the terms on which we will grant consent you should take independent legal advice. CUSTOMER: PROPERTY: MORTGAGE ACC: With regards to payment of the Administration Fee: The Administration Fee is enclosed. I/We have called to pay the Administration Fee by card payment. Your New Correspondence / Living Address Details (not actual property details please): Amendment to take effect from (insert date) being the date mail will be redirected House or Flat Number Street Name Address Line 2 Address Line 3 Post Code Telephone numbers: Daytime Evening Mobile Daytime Evening Mobile YOU MUST COMPLETE THE FOLLOWING SECTION WHY DO YOU WISH TO LET PROPERTY? Please note we will be unable to progress application if not completed (If you are a member of the armed forces you must ALSO provide proof of current employment by way of either a copy of your most recent payslip OR a certified copy of your armed forces ID OR a letter from the relevant branch of the armed forces confirming that you are a member of the armed forces.) I/we agree to be bound by the terms and conditions regarding the letting of the Property. All parties to the mortgage must sign this document, using full signatures (not initials) held on file. Customer Signature Customer Signature Print Name Print Name