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

Hampden consent to let: Q and A’s

  • Will Hampden choose to operate a right to increase interest rates on a homeowner mortgage where Consent to Let at any time, onto ‘rates akin to their Buy to Let range'?

  • My fixed rate mortgage is approaching refinancing with Hampden. The property has been sub-let for a two years and I now realise that I need to informHampden. I understand that I should seek consent to lease, but bearing in mind that the property has already been rented out could they deny - force me to go onto a BTL rate and even fine me? I have over 25% equity in the house - and the rent will more than cover the mortgage.
  • I bought a garden flat in Wandsworth in 2009 and remortgaged with Hampden on a rate which expires in the later this year. If I go abroad and want to lease out my property what would I need to do to get consent to let and what are the consequences?
  • I took a mortgage out on a studio flat last July however I will be working outside of commuting distance of Bromley in the medium term but hope to find work closer in the long term. Given that I recently acquired the property I will lose money if I sell and do intend to return to Bromley so would like to keep it. How difficult is it to get consent to let from Hampden and what are the financial implications ?
  • My wife and I are having to relocate to the US for eighteen months for my job but I don't want to convert the mortgage to BTL as the intention is to reoccupy it when I return. Do you know if Hampden charges extra on the interest? Is there any work around?
  • I am already renting out my flat but may have sussed what has been going on. I have four months left on my fixed rate. How straightforward is it to get consent to let from Hampden. Is it just a quick phone call, pay the charge and that's it?
  • I may be looking to lease out my property and wondered what I would need to do to obtain consent to let by Hampden. There is a possibility that I might be moving abroad for six months.
  • My wife and I may want to lease our home temporarily due to a new job. This will be for a limited period but no more than twoyears. Should I tell Hampden or do I keep my head down?