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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.

Better HomeOwnership consent to let: Q and A’s

  • My wife and I may need to rent out our Hounslow home temporarily due to me taking a sabbatical. This will be short-term but perhaps for 6 years. Do I inform Better HomeOwnership or do I not rock the boat?

  • Better HomeOwnership have just granted me consent to let. After some effort, Better HomeOwnership have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. What is that?

  • I obtained consent to let from Better HomeOwnership three yrs ago but never used it and subsequently refinanced with another lender. I recently asked for consent to let. I was informed that it would be given since their requirements were met. However I got a communication informing me that I need to supply a letter from the DWP confirming that that are aware of my current situation before they can provide authorisation. They said this is policy but I have not been able to find these T&Cs on their site. I did complain about the insinuation that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £40 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • My fiancee and I are FTBs, presently renting. We would ideally like to buy a one bedroom apartment in Merton. We want to move there, but will need to wait for a job - perhaps 2-3 years. Would we need to seek a buy-to-let mortgage? Would it be possible to take a 1st time buyer mortgage with Better HomeOwnership, because we intend to move there soon? Or could we move there for half a year, then start renting it with consent to let from Better HomeOwnership? I'm only evaluating options that are completely legitimate, and wouldn't breach the terms of the Better HomeOwnership mortgage.
  • Iwould like to let the family home and purchase another. What do I need to supply Better HomeOwnership to obtain consent to let?
  • We have a fixed rate mortgage with Better HomeOwnership and are deliberating on obtaining consent to let so that we can apply for another mortgage on another property that I own on a buy to let basis. Ahead of applying I would like to know the connotations of making the change and any facts that we need to consider.
  • I are thinking about applying to Better HomeOwnership to obtain consent to let our house, how long does it take from the point of sending the forms to us finding a letting agent and listing our house for rent? and are there any additional steps we will need to go through?
  • Last month purchased my home and took out a mortgage with Better HomeOwnership but my boyfriend has asked me to move in with him. Would I be allowed consent to let?