Consent-to-let Help for Accord Mortgages

Questions and Answers: Accord Mortgages consent to let

• I have a current mortgage contract with Accord Mortgages and wish to clarify if it would be possible to seek consent to let out our maisonette in Bexley.

  The purpose for wishing to find tenants for the property are as follows: -

  • Me and my wife will be relocating to Cape Town next spring.
  • In letting out the property this will enable us to make some savings to assist with the migration process.
  • It would be pointless from a monetary perspective to pay outright for a property which we are no longer residing in and by leasing out the home this would be considered as continuing investment.

  If Accord Mortgages granted permission to us for renting we would propose some financial assurances to include: -

  • Continue to pay the monthly mortgage payment directly from my bank account.
  • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Provide our forwarding details for when we move.
• My girlfriend and I (joint owner) are thinking of remortgaging with Accord Mortgages. I was conducting some research concerning consent to let from Accord Mortgages to understand the rules around potentially letting our current apartment out (probably in a in a couple of years time) if we moved away. The apartment in question was a first-time purchase for us about 2 years ago. We are living there at the moment.
• I need to decide what to do ie let or sell. The property has a mortgage against it with Accord Mortgages (with fair amount of equity). I want to purchase and live in a second house but keep my old house and rent it out. What is the best way to fund a second mortgage without selling my old property and using the equity as a deposit for the new property. Is there anyway I can change my old mortgage to a buy to let mortgages or obtain consent to let and take on a second mortgage without having a deposit to put down.
• I acquired my maisonette in Croydon one year ago and have a three year fixed rate mortgage with Accord Mortgages. Looking to move in with my boyfriend within the next six months and would like to lease out my property. Would like to be better informed as to the process.
• Iwould like to rent out our home and buy other. Can Accord Mortgages refuse to grant me consent to let?
• I have a question I'd like to ask...if consent to let is granted by Accord Mortgages would it usually be restricted to a time limit, such as one year?
• We want to move home and have found a house we wish to purchase so are considering renting out with consent to let from Accord Mortgages for our current property to enable us to make an offer and not lose the potential new property.
• Is there a set or maximum term how long I could let my home out to a family member with consent to let from Accord Mortgages. I no longer want to live in the area and want to buy a new home?