Need Help?

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

Recently asked questions relating to Foundation Home loans consent to lease

  • Last year we purchased our council house, in London,recently valued at £175k. It's completely paid for from our own funds, and we never had a mortgage. We can't sell (without repaying back a significant amount of the discount) before 5 years have gone by. Regardless, we would like to hold onto it as a investment property to let out. We are considering taking out a mortgage with Foundation Home loans. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. is this something you can help me with?
  • Bromley property valued at £125,000. Outstanding home loan of £18k with six years to run. Get consent to let from Foundation Home loans for current flat and utilise income to pay off remaining of mortgage. Apply for 70 per cent Foundation Home loans mortgage on second premises that I will consider to be my primary address? Is this feasible?
  • My brother and I may be presented with an opportunity to work in a different office in the UK for a few months and wish to know if we can let our current house. It is a two year fixed rate and we are three months into the mortgage with Foundation Home loans. We have lived at the property for over four years. Our LTV is 80%. Are we likely to get consent to let from Foundation Home loans? What can we expect in fees etc
  • We acquired a apartment in Newcastle and will be relocating to Kent at the beginning of February. I have a letting agency and tenant ready. I was planning to leave everything as it stands as I'm afraid Foundation Home loans will say I have to change my mortgage rate for buy to let and am unable to afford that. I would like to obtain a consent to let via Foundation Home loans but am afraid if I come clean it would lead to no end of problems
  • I am considering moving overseas for work and would like consent to let from Foundation Home loans whilst I am away. Is the way forward to complete the consent to let form and send it off in the post to Foundation Home loans? Letting the property isn't to make money but to retain the house in case things don't work out
  • Should I decide to apply for consent to let from Foundation Home loans how much time does it take to get consent to let after you apply to Foundation Home loans. ?
  • Do you know whether Foundation Home loans will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would Foundation Home loans let me raise capital based on the rental revenue ?
  • I am currently in the process of applying for a mortgage through Foundation Home loans - It is possible that in the coming months I may decide to let out the property - how would I transfer the homeowner mortgage to a BTL mortgage?