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

Questions and Answers: Hodge Equity Release consent to let

  • I am wanting to write to my lender Hodge Equity Release justifying the following logic for my request for consent to let ; "I am struggling paying the monthly mortgage amount and thinking about a to move to a smaller place but can't sell. I am very concerned by defaulting on the mortgage and have considered handing back the keys. If you issued consent to let that may solve matters." What are the chances that this will convince them to grant me consent to let?
  • Under what scenarios will consent to let for a property be issued via Hodge Equity Release? For what period of time do you have to have had the mortgage before consent to let can be obtained from Hodge Equity Release? By way of background we are moving abroad for a year and a half with my wife’s work and will need to rent our house. I am looking at applying for consent to let initially to be able to renting the property out to cover the expense of the Hodge Equity Release mortgage.
  • Due to my career, I am confident that Hodge Equity Release will grant me with Consent to Let from day one of buying a property. My intention is to buy a property in Merton and let it out, I will remain in the house that is provided (rent payable) by my employer. As I will be letting out the property I will obviously have to complete a Self Assessment Tax Return, but I just want to check that although it is the only house I own (and it is not on a buy to let mortgage), will I still be able to claim Tax relief on the interest on my mortgage and the expenses of leasing out the property. I have only been able to track down advice for those with a buy-to-let mortgage, but mine will technically not be B2L.
  • I am on a two year fixed rate mortgage with Hodge Equity Release which began in December. I will be moving out in August and have students ready to let my property. I need to get a letter from Hodge Equity Release granting consent to let until my term is up to allow me to start a new mortgage. What is the process for going about this?
  • I previously took a mortgage with Hodge Equity Release, but I have to get consent to let for around 12 months as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to just chill out a little for twelve months (by living near her mother and stepfather and getting their help) in a greener more relaxed area of Bristol.
  • How do I go about getting a consent to let application form from Hodge Equity Release and how quickly can I get the consent?
  • I have Hodge Equity Release mortgage and am thinking of leasing out the property. I am lead to believe that I would require consent to let to do this...is that correct ?
  • Can you help with a question...if consent to let is granted by Hodge Equity Release would it usually be subject to a time limit, such as one year?