Need Help?

Need professional advice for your consent to let with Landbay Partners Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Landbay Partners consent to let: Q and A’s

  • Under what scenarios will consent to let for a property be issued by Landbay Partners? How long do you have to have had the mortgage before consent to let can be granted by Landbay Partners? By way of background:Our home is a very small mid terrace house which is too small for our family, my husband is also unwell and we are far away from family who could provide a bit of relief, in the form of babysitting. I would be interested in gaining consent to let initially to be able to put a tenant in it to offset the costs of the Landbay Partners mortgage.
  • I have a current mortgage contract with Landbay Partners and wish to clarify if it would be possible to receive consent to let out our one bed flat in Hackney.

    The rationale for needing to find tenants for the property are are due to: -

    • Me and my wife will be moving to Cape Town next spring.
    • In letting out the property this will enable us to make some savings to help the migration process.
    • There is little merit from a financial point of view to pay outright for a property which we are no longer residing in and by renting out the property this would be considered as an ongoing investment.

    If Landbay Partners agreed that we are able to proceed with renting we would suggest some financial assurances to include: -

    • Continue to pay the monthly mortgage payment directly from my current account.
    • Instruct an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our contact details for when we emigrate.
  • My lawyers have served eviction orders on a tenant who had not paid his rent in 3 months. A Section 21 and section 8 have been issued. The tenant's defense for refusal to pay is built on the claim that I lack consent to let my one bedroom first floor purpose built maisonette from my lender Landbay Partners
  • Last month I got married and my wife and I would like to buy a family home in the coming year, whilst keeping our studio flat in Lambeth we currently live in to rent out. Mortgage on the flat is with Landbay Partners. I don't want to put myself in a situation with two residential properties only to be refused consent to let.
  • Do you know if I can keep my existing homeowner mortgage with Landbay Partners if I start renting out? If the consent to let is granted will they tie me into an increased rate?
  • I am considering moving in with my girlfriend at her home and would like to rent out my property that I acquired last summer, I'm just not sure of the process as my property is my first home. What do I need to do to gain consent to let from Landbay Partners If I obtain consent will my mortgage payments rise?
  • Me and my partner and I would like to obtain consent to let on a house where we have a mortgage with Landbay Partners. If granted, how long would consent be given for? In asking for consent to let from Landbay Partners are we running the risk of them forcing us to change deal to buy to let
  • I am planning on moving within the next eight months and wish to let my house out. My mortgage rate is fixed with Landbay Partners. I am concerned that a rate hike would be too much if that was a condition of receiving consent to let