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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.

Better HomeOwnership consent to let: Q and A’s

  • If I was to rent out my garden flat with consent to let with Better HomeOwnership, what evidence would be required of the letting? If after 1 year I decided to let it on a series of short term lets, am I still required to provide evidence to Better HomeOwnership, or will they be happy as long as i keep up with the payments? For instance if I let the rooms separately at a later stage, is there any reason for Better HomeOwnership to be informed and would they take issue?
  • I have a house in Southwark but I am moving with my girlfriend to a different city for career reasons and moreover close to her university. I would prefer to keep my house but it is unlikely that I can afford a BTL rate. It will only be temporary -three years until my girlfriend completes her degree and I can sell, or move elsewhere. My mortgage is with Better HomeOwnership. Is there a chance I won't be approved for consent to let?
  • We plan to lease out our flat in Barnet which is on a owner-occupier mortgage with Better HomeOwnership . Obviously I will seek a consent to let. If there is a cost for the consent to let can this amount also be claimed as an allowable cost on my self assessment form to the tax authority?
  • My fixed deal runs out June 2017 and I'm planning on fixing for another three years with Better HomeOwnership, with any luck rates will remain low. In in next couple of years I might want to move temporarily to a different city. How simple is it to get consent to let from Better HomeOwnership in these circumstances? Assuming that monthly rent payments would be about £250 more than the Better HomeOwnership mortgage payments.
  • My wife and I are applying to switch mortgage provider to Better HomeOwnership for a fixed rate but the likelihood is that I will need to rent the apartment out for about 12 months. Do Better HomeOwnership consent to let on fixed rate mortgages and if so, what are the procedures.
  • A work promotions now necessitates that Ibe in different places every month and in the circumstances I wish to understand the procedure for getting consent to let with Better HomeOwnership
  • I have a house in Waltham Forest. I would like remortgage with Better HomeOwnership and either change to buy to let or consent to let. I'm still within the redemption penalty period so not sure if it would trigger the penalty payment?
  • I am interested in some guidance on how best to approach my mortgage provider Better HomeOwnership regarding a 'Consent-to-Let' application. Is this something you can offer guidance on ?