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.

Examples of recent questions relating to Foundation Home loans consent to let

  • Can Foundation Home loans invoke a right to increase interest rates on a standard mortgage that has just been approved for Consent to Let at any time, onto ‘rates in line with their BTL range'?

  • I want a bit of preliminary guidance as to whether consent to let is a sensible option. I bought my flat 7 months ago by porting an existing Foundation Home loans mortgage product. My fixed rate ran out three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Foundation Home loans, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a B2L mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to raise additional capital to meet the 65% LTV ratio required for a buy to let loan. It would be preferable to get a consent to let from Foundation Home loans for 1-2 years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • Where a property owner chooses to rent out their property without consent to let by Foundation Home loans - what, if any implication might there be for an agent acting for the landlord?
  • I have had a Foundation Home loans mortgage for less than a year but I discovered yesterday that I will soon be made redundant. I would appreciate some how to go about getting consent to let by Foundation Home loans
  • I have a mortgage with Foundation Home loans on a three year fixed rate. I could have an opportunity for a teaching post in Belgium in a years time. Would I qualify for consent to let by Foundation Home loans were I to accept this opportunity overseas?
  • I would like to know if I have a residential mortgage with Foundation Home loans and decide to lease it out, does the rate get loaded and are there any associated costs for applying for consent to let.
  • I have a mortgage with Foundation Home loans. I am considering moving out and letting out my property. Am I required to obtain consent to let ?
  • Will Foundation Home loans grant consent to let my property? I currently have a homeowner mortgage, never been in arrears and have been with Foundation Home loans for a little under since 2009. What charges am I likely to incur