Need Help?

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

Examples of recent questions relating to Fleet Mortgages consent to let

  • I have a current mortgage contract with Fleet Mortgages and wish to clarify if it would be possible to seek consent to let out our garden flat in Wandsworth.

    The rationale for needing to rent out the property are as follows: -

    • Me and my wife will be relocating to India early next year.
    • By letting out the property this will facilitate savings to help the migration process.
    • There is little merit from a financial point of view to pay off the mortgage for a property which we are no longer residing in and by letting out the property this would be viewed as an ongoing investment.

    If Fleet Mortgages agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

    • Maintain paying the monthly mortgage payment directly from my bank account.
    • Instruct an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our contact details for when we emigrate.
  • I have an existing mortgage with Fleet Mortgages. Can you point me to where I can download the consent to let application forms from, as we have started renting out the property?
  • My partner and I are expecting any day now a mortgage offer from Fleet Mortgages for a leasehold property. I have applied via a broker. It is a capital and interest mortgage. I am curious as to what is the main criteria Fleet Mortgages adopt in order to grant borrowers consent to let? Is consent to let based on the rental yield of a property?
  • I am currently looking to acquire my first home however, working as a consultant. I I would like to find a lender that allows short term letting with a homeowner mortgage so that I could lease out the property for no more than six months with long periods of absence without being compelled to a BTL product. Can you let me know how lenders would view this and in particular the approach taken by Fleet Mortgages.
  • Afternoon? I am just curious if Fleet Mortgages offer consent to let as an option if I decided to let out my property under a residential mortgage. Is there a specific rule for right to buy property and consent to let?
  • My wife and I have a standard variable rate mortgage with Fleet Mortgages and are deliberating on obtaining consent to let so that we can apply for a further mortgage on another property that I own on a buy to let basis. Ahead of applying We would be interested to know the consequences of making the change and any facts that we need to consider.
  • Am I required to wait for consent to let to be issued on my current domestic mortgage with Fleet Mortgages before applying for a resi mortgage on a second property?
  • Do you know if I can keep my existing domestic mortgage with Fleet Mortgages if I start renting out? If the consent to let is issued will they tie me into an increased rate?