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

Platform Home Loans consent to let: Q and A’s

  • My wife and I have a Platform Home Loans home loan and are have made overpayments to bring the loan amount down, in gainful employment etc. Do you know how much the fees are and if Platform Home Loans usually grant consent to let without transferring to a commercial rate?

  • My fixed rate mortgage is approaching renewal with Platform Home Loans. The house has been tenanted for a couple of years and I now realise that I need to informPlatform Home Loans. I am led to believe that I should seek consent to let, but bearing in mind that the property has already been rented out could they refuse - require that I go onto a BTL rate or even apply a penalty? I have over 25% equity in the house - and the rent will more than cover the mortgage.

  • What is the most extreme action Platform Home Loans can take if I have let out my house in the absence of consent to let?

  • I'm six months into a two year fixed mortgage with Platform Home Loans. The LTV is just 40%. I've identified a really good deal on a 2 bed flat in Brent which I would not want to miss. It appears that the only way I can get this other property is to take out some good chunk of equity. I would let the existing property which would more than cover the mortgage with Platform Home Loans. Is it possible to obtain consent to let from Platform Home Loans and and then seek an equity release after it's let out?
  • I was just wondering if Platform Home Loans were picky when considering consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • I am already leasing out my flat but may have sussed that I am not living there. I have four months remaining on my fixed rate. Is it simple to get consent to let from Platform Home Loans. Is it just a quick phone call, pay the charge and it's done there and then?
  • I am currently in the process of applying for a mortgage through Platform Home Loans - I foresee that in the within months I may decide to let out the property - how would I transfer the homeowner mortgage to a buy to let mortgage?
  • Last month I purchased a property with 10% deposit for personal reasons. A homeloan was taken with Platform Home Loans. However my circumstances have now changed. I am being transferred out of the location. Am I able to get consent to let from Platform Home Loans and put the property up to let?