Need Help?

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

Common questions relating to Accord Mortgages consent to lease

  • I need to move my children's school by mid-August and move to a different area. there is insufficient time to sell my house.The short term option is to rent my property out. Currently I have buildings and contents insurance. Am I obliged to take out a different insurance? What should request from Accord Mortgages regards to consent to let?
  • What information do Accord Mortgages require to have to make a decision on consent to let. I am on a two year fix with them. I have always been on time with my monthly payments. I am planning a move to the countryside owing to surprising growth of family. My financial circumstances have not changed and in fact my annual income has increased by 20% since the mortgage commenced.
  • We have just sorted our rates for another fixed five years with Accord Mortgages. Some weeks later, I went to an interview and basically I accepted the job offer in Haringey. I'm going to rent a small flat for me and my family in Haringey as we don't wish to sell the house and moreover we might come back within a couple of years.... We really don't know how things will go. We called Accord Mortgages but we would like also your take on the situation. Is it possible to receive consent to let in that case as we just got a fixed 5 years rate we would not want to change.
  • My fixed deal expires June 2016 and I'm planning on fixing for a further three years with Accord Mortgages, hopefully rates will remain low. In in next couple of years I may want to move temporarily to a different county. How difficult is it to get consent to let by Accord Mortgages under this situation? Assuming that monthly rent payments would be about £300 higher than the Accord Mortgages mortgage payments.
  • My marital situation has changed, and I wish to rent my home out - meaning consent to let- I have about £200K loan with Accord Mortgages and currently 90k equity I need to avoid the redemption penalties.
  • Will Accord Mortgages choose to exercise a right to convert the rates on a standard mortgage where Consent to Let at any time, onto ‘rates equivalent to their B2L range'? Is it possible to refinance on a consent to let with Accord Mortgages?
  • Will I need consent to let from Accord Mortgages if I am intending to live in the house myself for part of the year? Furthermore if I obtain consent to let for a limited time, say up to two years, what happens after that.
  • We are mulling over a remortgage offer with Accord Mortgages and it's likely I will need take advantage of any consent to let option if available during the fixed period. Are there any penalties I should that may be applicable?