Need Help?

Need professional advice for your consent to let with Better HomeOwnership ? 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 Better HomeOwnership consent to lease

  • I am currently in the process of emigrating to Beijing . As opposed to finding a buyer, I would like to lease my existing property out, just in case things fail to work out and I decide to return within one or two years. I have a current mortgage is with Better HomeOwnership. Would I be able to remortgage with another mortgage lender on a much lower interest rate then apply for Consent to Let after the refinancing is in place?
  • For a variety of reasons I intend moving in with my girlfriend next summer and I have let my property out to 2 tenants on a twelve month tenancy. I am now applying for consent to let from Better HomeOwnership but what if they refuse. I can’t rescind on my contract in terms of not renting the students as the paperwork is finalised. On the flip-side Better HomeOwnership could take action for contravention of contract i.e. letting it out in the absence of consent to let.
  • Earlier this week I got a decision in principle from Better HomeOwnership for a three bedroom house. I have applied via a broker. It is a capital and interest mortgage. I am curious as to what is the main criteria Better HomeOwnership adopt in order to allow borrowers consent to let? Is consent to let based on the rental multiple on a property?
  • Last month I got married and my wife and I would like to purchase a family home in the coming year, whilst keeping our garden flat in Merton we currently live in to rent out. Mortgage on the flat is with Better HomeOwnership. I wish to avoid putting myself in a situation with two residential properties only to be refused consent to let.
  • My wife and I are having to move to the US for eighteen months for my job but I don't want to change my mortgage to BTL as I want to reoccupy it when I return. Do you know if Better HomeOwnership charges additional interest? Is there any work around?
  • My mortgage company refuse to issue consent to let until I have a move in date confirmed with a tenant. How can I confirm this without consent to let? I am not certain but I vaguely recall my friend had a similar issue with Better HomeOwnership.
  • If I have an existing normal mortgage with Better HomeOwnership and am planning to rent it out in the future will I be given consent to let? What is the process and what needs to be done next?
  • I am looking at taking a job in France and have been advised that I need to let Better HomeOwnership know so my mortgage is under consent to let? Please could you clarify the best way to go about this?