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

Top Five Questions relating to Landmark Mortgages consent to lease

  • I am in a catch 22 with a Consent to Let mortgage. In response to requesting consent to let my lender has requested that I produce an executed AST prior to issuing consent. If I get a signed tenancy agreement would I not be violating the terms of my existing mortgage?

  • Last September my husband and I purchased our council house, in Lambeth,recently valued at £200k. It was paid for in full from our own finances, unencumbered. We are prohibited from selling (without penalty of losing some of our discount) before 5 years have passed. Regardless, we would like to retain it as a investment property to lease out. We are considering taking out a mortgage with Landmark Mortgages. If Landmark Mortgages refuse are there lenders that will allow this and grant consent to let?
  • What information do Landmark Mortgages expect to to decide whether to grant consent to let. I am on a 3 year fix with them. I have never defaulted in payments. I am looking at moving to Ealing owing to the family getting bigger. My financial circumstances have not changed and in fact my annual income has increased by 15% since the mortgage started.
  • I have just come off a call with Landmark Mortgages who have advised me that it has come to their attention that I have been renting the three bedroom ground floor purpose built maisonette despite having a resi mortgage. I had to move three years ago for work reasons, was unable to sell and so had little option but to let out the property. Do you know what the implications will be for me not obtaining consent to let?
  • My husband and I were enquiring if it's possible if you own one property with consent to let from Landmark Mortgages, to purchase a second with a residential mortgage to live in. Then once the consent runs out on the first property, to change to buy to let or sell it?
  • If I am tied into a fixed rate with Landmark Mortgages but am considering letting out my property, is there a charge for consent to let from Landmark Mortgages and does the interest rate get uplifted?
  • My wife and I have a consent to let letter that I have obtained from my management company. I presume I need to attaching this with a letter to Landmark Mortgages with a view to getting a consent to let from them. What address shall I mail it to?
  • Are you aware of any leeway in the accepted equity amount before switching from a current Landmark Mortgages mortgage to a consent to let?