Need Help?

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

Sample questions relating to Pepper Homeloans consent to let

  • I have a Pepper Homeloans mortgage and have been letting out the property minus consent to let, making me in contravention of my mortgage conditions. I think I have come onto their radar that I am not living there. What are the legal consequences of my actions?
  • After having retired in June I purchased a “retirement home” for my wife and myself to live in. Our intention is to let our current property to our son and I have consequently contacted Pepper Homeloans for consent to let. I was just seeking a general view on whether Pepper Homeloans currently allows it?
  • Resulting from a redundancy we are looking to move away from Islington and our flat, potentially to a job in Sweden but that means we will want to let the property but don't want the penalty fee of existing Pepper Homeloans mortgage which will be high.On what basis is 'consent to let' granted by Pepper Homeloans?
  • I may have the chance to go and work abroad in a couple of years. I am therefore possibly downsizing to a newer apartment in Redbridge which I could rent out more easily when the time comes. The intention is to keep 50% equity in the new property which would be my home for a while. My current lender will only give consent to let for a year. I expect to be renting it out longer term and not having consent could land me in a whole heap of legal issues. B2L seems inappropriate given that I will be living there, maybe for 2-3 years initially. What product do I ask for, and from which lender? Do lenders such as Pepper Homeloans give consent to let for a longer period?
  • My mortgage company wont issue consent to let without a move in date confirmed with a tenant. How can I confirm this in the absence of consent to let? I am not sure but I think my friend had a similar issue with Pepper Homeloans.
  • Were I to let my property with consent to let from Pepper Homeloans will will theyload the interest rate? I am currently on a standard variable rate.
  • Do you know whether Pepper Homeloans will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Pepper Homeloans let me raise capital based on the rental income ?
  • I have spoken to someone at Pepper Homeloans about changing our current homeloan to consent to let (the current 2 year fix expires in summer next year). Can I just confirm that I need to send a letter setting out our change in circumstance to Pepper Homeloans? Where do I need to send the letter to?