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Need professional advice for your consent to let with Molo Finance Buy to Let Mortgages? 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 Molo Finance Buy to Let consent to lease

  • I am employed by a letting agency in loc and a potential tenant for the house has demanded sight of the ‘consent to let’ from the owners lender Molo Finance Buy to Let. Is there a new law that has triggered this question?I have not come accross this before, is this a new legal requirement?

  • I have just come off the phone to Molo Finance Buy to Let who have advised me that it has been brought to their attention that I have been renting the one bedroom first floor purpose built flat despite having a domestic mortgage. I moved out two years ago for career reasons, couldn't sell and was left with little option but to rent out my property. Do you know what the financial repercussions may be for me not procuring consent to let?
  • A few months ago I let out my three bed flat and have gained a Consent to Let with my mortgage company. Half a year has now elapsed and they have loaded my interest rate as previously advised. I am unable to port to a preferable product with them, as they will revoke my consent to let. Were I to go with an alternative mortgage provider such as Molo Finance Buy to Let, would I be required to obtain a B2L mortgage or could I just refinance and get consent to let?
  • I have a apartment in Ealing with a Molo Finance Buy to Let mortgage but have not lived there for a while. My brother moved in but pays no rent. At the moment I live in rented premises and am keen to purchase a house. I have come across a dream property at an attractive price. I have sufficient for a deposit to put down on the house I am interested in but would find it difficult to pay enough off the old property to change it to a buy to let loan simultaneously. Can I transfer the current Molo Finance Buy to Let mortgage for my old flat into a consent to let and use my reserves to pay a larger deposit for the domestic mortgage on the property that I am looking to purchase?
  • How easy is it to obtain a consent to let from Molo Finance Buy to Let and what are the fees? If I want to let out my property for a couple of months how simple is it to fluctuate between a standard mortgage and consent to let?
  • Please can you tell me the circumstances under which Molo Finance Buy to Let will decline a request for consent to let?
  • My husband and I need to lease out my house to be nearer to my son’s uni and take care of my father. Do I need consent to let from my lender Molo Finance Buy to Let?
  • Do you know if there is normally a maximum loan to value amount before Molo Finance Buy to Let will grant consent to let?