Need Help?

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

Frequently asked questions relating to Better HomeOwnership consent to lease

  • I am looking to emigrate to Beijing . Rather than finding a buyer, I would prefer to lease my current property out, just in case things turn sour and I decide to return in a couple of years. I have a current mortgage is with Better HomeOwnership. Would I be able to refinance with another mortgage lender on a much lower interest rate then apply for Consent to Let once the re mortgage has completed?
  • I may have the chance to go and work overseas in a couple of years. I am therefore possibly scaling down to a newbuild apartment in Harrow which I could rent out with less difficulty as and when required. The intention is to retain half the equity in the new apartment which would be my home for a while. My current lender limits consent to let for a year. I suspect renting it out longer term and not informing them could result in a whole host of problems. Buy-to-let seems unnecessarily expensive given that I will be living there, maybe for 2-3 years initially. What product do I ask for, and from whom? Do lenders such as Better HomeOwnership provide consent to let for more than a year?
  • I am may soon need to apply for consent to let from my current mortgage provider Better HomeOwnership. A colleague of mine said that she was granted ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an assured shorthold tenancy. Can you explain what this is?
  • How many months after getting a new mortgage do I have to wait before I can seek consent to let from Better HomeOwnership? To give some history I bought my apartment in Camden nearly two years ago and am currently on a three year fixed rate. Not long after I met a guy and plan to move in to his place. I am planning to get a better fixed term next June. I presume that I would have to hold off for at least half a year before I could apply for consent to let. Is that right?
  • I'm currently have a Better HomeOwnership mortgage and want to apply for it a consent to let, what do I need to do?
  • Do I need to wait for consent to let to be granted on my prevailing domestic mortgage with Better HomeOwnership before applying for a resi mortgage on a second property?
  • Is it possible to negotiate a consent to let from Better HomeOwnership if I have an existing mortgage which has been in place for twelve years?
  • I need to contact Better HomeOwnership to enquire about letting out my home. Do they post a document to me. Can I not get this from the site?