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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.

Molo Finance Buy to Let consent to let: Q and A’s

  • I have my three bedroom ground floor purpose built maisonette in Waltham Forest on the market but notwithstanding a few viewers there is a lack of interest so far. As a fall back position I am considering letting out the property if it doesn't sell. I dont anticipate a problem getting consent to let from the freeholder. My IFA has told me that in such circumstances I may be required to switch to a BTL product yet I probably don't have sufficient equity. What's the worst that could happen if I if hypothetically I was to retain the existing Molo Finance Buy to Let mortgage and let the property out without informing them. As long as the mortgage is being paid in full and on time, why would they care or check?
  • I've been provided with a job opportunity abroad and wondering if it's worth leasing my property out. Will Molo Finance Buy to Let permit me to change mortgage or grant consent to let? If not I will have to consider if it's worth taking the promotion. I have no objection to paying more as it is likely that I will come back and live in my home after twenty four months. My agenda here is not to to make money. Just love my property and wish to return to it at some point in the future.
  • Please explain "consent to let" to me? I live in a 1 bed apartment and its in good condition. It is on the market and I am struggling to sell. This is probably due to an ongoing feud with the guy next door. I had no choice but to put this on the disclosure form. Mortgage is with Molo Finance Buy to Let on a standard variable rate. It has been suggested to me that I should get consent to let from Molo Finance Buy to Let and rent the property for a year or two.
  • At the moment I am looking to acquire my first home however, working as a freelancer. I I would like to find a lender that will permit short term letting with a residential mortgage so that I could rent out the property for no more than six months with long periods of absence without being required to switch to a BTL product. Are you able to advise me on how lenders would view this and specifically the approach taken by Molo Finance Buy to Let.
  • My wife and I want to let our house out and use the rental income to pay rent on a house in Merton. What are the chances of being given consent to let by Molo Finance Buy to Let without being forced onto a BTL product.
  • I may be looking to rent out my property and wondered what I would need to do to negotiate consent to let by Molo Finance Buy to Let. There is a possibility that I might be emigrating permanently.
  • I would like details of how to proceed with obtaining consent to let from Molo Finance Buy to Let and what, if any, fees apply.
  • Me and my husband have a granny flat attached to our property. Do we need consent to let this from Molo Finance Buy to Let? If so, what is the process if I need to switch the mortgage to consent to let?