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

Frequently asked questions relating to Bluestone Mortgages consent to lease

  • Is consent to let needed from Bluestone Mortgages or can I lease out my basement flat without telling Bluestone Mortgages and having to transfer to a buy-to-let mortgage?

  • I have a homeowner mortgage over my home in loc and intend to move to country for three years. During this period it would be ideal if I could rent out my apartment. My mortgage provider is withholding consent to let. It’s hardly ideal to move to a buy to let loan as it’s only for a limited time-frame that I am abroad for.

  • I currently have a mortgage with Bluestone Mortgages and the loan to value is currently 60% with the Bluestone Mortgages current book value and would like to buy another property but do not want to sell my existing property at the current market value. I have consent to let from another lender on a previous property so know a bit about them and I also have buy to let with Scottish Widows on another property. Does the expected rental income on a consent to let with Bluestone Mortgages need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • I'm one year into a two year fixed mortgage with Bluestone Mortgages. The LTV is only 50%. I've got what I think is a really good deal on a studio flat in Waltham Forest which I would not want to miss. It seems the only way I can get this other property is to release most of the remaining equity. I would let the current home which would adequately cover the mortgage with Bluestone Mortgages. Can I get a consent to let from Bluestone Mortgages and and then seek an equity release after it's rented?
  • I was just curious as to whether Bluestone Mortgages would issue me with consent to let and what kind of charges, penalties and rate increase etc
  • Me and my husband want to let our house out and use the rental income to pay rent on a house in Camden. What are the chances of being given consent to let by Bluestone Mortgages without being forced into a new rate.
  • I have a mortgage with Bluestone Mortgages taken three months back where I moved from another lender. Can I now rent my property with consent to let from Bluestone Mortgages as I am looking to purchase a further property.
  • I am hoping to fix my homeowner mortgage with Bluestone Mortgages but due to work related issues I might have to live abroad for few years. Will Bluestone Mortgages allow and give consent to let and there be any penalty