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Need professional advice for your consent to let with Adam & Company? 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 Adam & Company consent to lease

  • I'm about to apply to Adam & Company to obtain consent to let out my house in Adam & Company. However I currently have the property for sale but there is no interest and forking out for a full mortgage, council tax and insurance on an empty house is a financial drain. What position would Adam & Company take if I market the property?

  • I plan to move house and I am wondering if I can get consent to let on my house then get a mortgage approval for the new house so I can effectively bid without being part of a chain and then rent my property out once I move. Will my lender Adam & Company grant consent to let for a year if they know I am wanting to purchase somewhere else or only where one is moving temporarily for my job?
  • Ever since 2011 I have had a Adam & Company mortgage with my twin and want to move out and get a new mortgage with my partner. How do I proceed with taking in a lodger? Do I need consent to let by Adam & Company? My twin will remain in the flat
  • We have an existing mortgage with Adam & Company and wish to clarify if it would be possible to receive consent to let out our studio flat in Waltham Forest.

    The reasons(s) for needing to let out the property are are due to: -

    • My wife and I will be moving to India in 3 months.
    • In letting out the house this will facilitate savings to assist with the migration process.
    • There is little merit from a monetary point of view to redeem the mortgage for a property which we are not residing in and by leasing out the property this would be considered as continuing investment.

    If Adam & Company agreed that we are able to proceed with renting we would suggest some financial commitments to include: -

    • Maintain paying the monthly mortgage payment directly from my bank account.
    • Use an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our forwarding address for when we relocate.
  • I was just looking into consent to let as it's something potentially I would need from Adam & Company within the next year. Our marital situation has changed, and I wish to rent my place out
  • I am looking to get consent to let with my Adam & Company residential mortgage. It is a mid terraced house. Will Adam & Company grant consent on this basis? Or would it be regarded as an HMO?
  • I could potentially need consent to let from Adam & Company in the future with work. I am just exploring what the options would be if this was the case. Is there a limit on how long one can let out a property with consent?
  • We've spoken to someone at Adam & Company about switching our current mortgage to consent to let (the current two year fix expires in june next year). Can I just confirm that I need to send a letter explaining our change in circumstance to Adam & Company? Where do I need to send the letter to?