Island Life Magazine Ltd February/March 2015 | Page 113

TERENCE WILLEY

Terence
Willey & Co
Terence Willey: 01983 875859
Mark Willey: 01983 611888
www.terencewilley.co.uk

Mortgages should not
be overlooked!
I

have lost count of the amount of
times clients have advised me they
have let their property and then wish
to formalise the same by the preparation
and completion of a Tenancy Agreement.
Complications can arise both from the
point of view of not completing a Tenancy
Agreement prior to physical occupation,
but moreover not seeking the consent of
a Mortgagee where applicable.
If your property is in mortgage and you
intend to consider letting it, you should
first place your proposals before your
Mortgagee to give consent to such letting.
These days Mortgagees are agreeing to
‘buy to let’ mortgages and the conditions
of such acceptable letting are set out as
an express condition of the mortgage.
This is not to say that if you do not have
a des