Consent-to-let Help for Together Personal Finance Limited

Sample questions relating to Together Personal Finance consent to let

• After fifteen years in the capital, I'm considering relocating to be nearer to family. We've only been homeowners for the last two years and about to renew our mortgage with Together Personal Finance. In Enfield, we are be looking at a 3-bed property around the £250k mark. Ideally, we would like to retain my existing apartment. Could I ask for Consent to Let from the proposed new lender Together Personal Finance. If granted what are the likely conditions?
• We have an existing mortgage with Together Personal Finance and wish to clarify if it would be possible to receive consent to let out our three bedroom second floor purpose built maisonette in Waltham Forest.

  The purpose for needing to find tenants for the property are are due to: -

  • My wife and I will be relocating to India early next year.
  • By letting out the house this will facilitate savings to assist with the migration process.
  • There is little merit from a financial perspective to pay outright for a property which we are no longer residing in and by letting out the property this would be deemed as an ongoing investment.

  If Together Personal Finance agreed that we are able to proceed with renting we would suggest some financial commitments which are as follows: -

  • Maintain paying the monthly mortgage payment directly from my bank account.
  • Instruct an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Supply our forwarding address for when we relocate.
• I'm looking to remortgage my three bed flat, currently tenanted with consent to let from Together Personal Finance, onto a BTL rate as we are unlikely to be moving back into it now since we have our family home. So, I'm assuming I need a specialist broker for this and I am not really au fait with what my options are. Can you offer any advice on a good broker service specialising in BTL?
• I want a bit of precautionary feedback as to whether consent to let is a sensible proposition. I completed the purchase of my flat 7 months ago by transferring an existing Together Personal Finance mortgage product. My fixed rate finished four months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Together Personal Finance, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to transfer to a buy to let mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a feasible option for myself and 2) I need to come up with additional capital to meet the 65% LTV ratio required for a BTL mortgage. It would be preferable to get a consent to let from Together Personal Finance for 1-2 years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
• How easy is it to obtain a consent to let from Together Personal Finance and what does it cost? If I want to let out my property for three months how simple is it to chop and change between a owner occupier mortgage and consent to let?
• My OH is considering purchasing a new property in Barnet and is on to a good deal as it requires some work done. We want to rent our current property for 2 years and then return. Will I be given consent to let by Together Personal Finance?
• My partner and I have a mortgage with Together Personal Finance and would be thinking about purchasing another main residence and then subsequently renting our current home out. Do I need consent to let from Together Personal Finance?
• Please can you provide me with advice as to how to proceed with gaining consent to let from Together Personal Finance and what, if any, cost apply.