Is It Necessary To Get Occupier’s Consent When Mortgaging Your Property?
Landlords in the UK often are not familiar with various laws pertaining renting out their property to a tenant. When they do come across certain landlord requirements and responsibilities, they are often surprised. One such requirement is getting the consent of the occupier while mortgaging one’s property. As a landlord you are likely to wonder, why this is necessary to get the occupier’s consent before mortgaging one’s property when you have the ownership title. This requirement is to safeguard the interests of your tenant. When you apply for a mortgage loan, you are required to pay your monthly dues regularly....