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

Questions and Answers: Accord Mortgages consent to let

  • What are the chances of Accord Mortgages in giving Consent To Let on a 2 bed flat? It is currently on the market and it has been for three months. I am keen to sell but I'm anxious that if there is no interest I will need to rent out the property in order to cover the mortgage to Accord Mortgages (I no longer reside at the address). I would prefer to come clean with Accord Mortgages than keep them in the dark but I'm not sure how accomodating they would be.
  • What is the procedures for obtaining consent to let from Accord Mortgages? What documents do they need? is there a fee to pay? Is consent generally limited in time and if so, for how long? Do I need to renew it every year? What if I obtain a consent but decide not to rent the property out?
  • I am hoping to utilise equity in my present house to buy an additional property which I intend to live in whilst I refurbish. I would like to let out my existing property with the Accord Mortgages mortgage. How likely is it that I would obtain consent to let? House is valued at £350 k with a £125k mortgage in place.
  • I have a first time buyer mortgage on a garden flat in Wandsworth but have rented it out without letting Accord Mortgages know this. I now require a consent to let letter. How can I get one?
  • Am I required to wait for consent to let to be given on my prevailing domestic mortgage with Accord Mortgages before applying for a resi mortgage on a new property?
  • I have a residential mortgage with Accord Mortgages, and I would like to lease the flat out, until I decide whether to sell or retain it as an investment. As things stand I am on the fixed rate. Will I need to remortgage? I.E. BTL?
  • I recently completed on a garden flat in Merton. I am first time buyer. I am moving Ireland next month, can I get consent to let from my lender Accord Mortgages or do I have to wait six months?
  • I have fixed rate mortgage with Accord Mortgages. I am going have to rent out my flat due to necessity. If I apply for consent to let, will I have to pay significantly more interest?