Need Help?

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

Top Five Questions relating to Landmark Mortgages consent to lease

  • I will soon be emigrating to Hong Kong. Rather than sell my house, I would like to let it out, just in case things don’t pan out. My present mortgage is with Landmark Mortgages. If I applied for a refinance would a new provider see this as me looking to avoid a Buy To Let mortgage, of which there is very restricted availability for 80% LTV, and hence turn down my request for Consent to Let?
  • I need to see if I can receive consent to let on my existing home. I have a mortgage with Landmark Mortgages but my situation has changed. I'm looking to move in with my partner and daughter who have a house and is larger than my studio home. I don't think I can qualify for a buy to let loan as I don't have money for a deposit nor do I earn in excess of £25000 a year.
  • We currently have a three year fixed rate mortgage with Landmark Mortgages that we're about 18 months into. Our situation has now altered and we would like to rent out our flat for a while and whilst we relocate to Harrow. What can we do to minimise the risk of Landmark Mortgages refusing to grant consent to let.
  • We have an existing mortgage with Landmark Mortgages and wish to clarify if it would be possible to gain consent to let out our one bedroom apartment in Sutton.

    The purpose for wishing to find tenants for the property are as follows: -

    • My wife and I will be relocating to Cape Town in January.
    • In renting out the property this will facilitate savings to help the migration process.
    • It would be pointless from a monetary perspective to pay outright for a property which we are not residing in and by leasing out the place this would be considered as continuing investment.

    If Landmark Mortgages agreed that we are able to proceed with renting we would propose some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment by direct debit.
    • Instruct an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our contact details for when we move.
  • The prevailing mortgage is with Landmark Mortgages, but I am going to move out for approximately 12 months as we need to be nearer to my wife’s mother. Will Landmark Mortgages give consent to let?
  • Please can you tell me the circumstances under which Landmark Mortgages would turn down a request for consent to let?
  • Me and my partner have a mortgage with Landmark Mortgages but am informed they have a stipulation that they refuse to grant consent to let the property to a local authority. Is this correct and if so, can you suggest a method round this?
  • Do you have the address to which a Consent to Let request to be sent for Landmark Mortgages? Sorry about bothering you with this query.