Need Help?

Need professional advice for your consent to let with Foundation Home Loans? 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 Foundation Home loans consent to lease

  • A friend of mine suggested that this Christmas I rent out my flat and make money from it whilst on vacation. It only a short term option for a fortnight. Will consent to let be needed from Foundation Home loans?

  • Twelve months ago my building society (not Foundation Home loans) gave me with consent to let. This was subject to a provision that every 6 months they would levy a fee of 0.5% of the outstanding mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been revoked.
  • Ever since 2014 I have had a Foundation Home loans mortgage with my twin and am looking to vacate and get a new mortgage with my partner. How do I proceed with taking in a lodger? Would I need consent to let via Foundation Home loans? My twin will remain in the property
  • As a result of a change in personal circumstances my husband and I are moving to my mum and dad’s house while they are away and letting our flat out. We are going to need for consent to let from Foundation Home loans. Will this be granted? We will need to refinance in the next year will we then transfer to a BTL mortgage. We will definitely return to our flat at the beginning of 2017?
  • My wife and I are having to move to the US for a couple of years for my job but I don't want to switch the mortgage to BTL as the intention is to move back into it when I return. Do you know if Foundation Home loans charges additional interest? Is there any way around this?
  • Can I get an interest only mortgage with consent to let when my current Foundation Home loans deal runs out September 30?
  • Was wondering how to obtain a consent to let from Foundation Home loans with whom I have a mortgage with. There is a remaining balance of 47k. The value of property is 110k. Property is in my name but my wife and I would like to purchase a three bed flat in Enfield we have seen together. How do we go about it?
  • Me and my OH and I would like to obtain consent to let on a house where we have a mortgage with Foundation Home loans. If issued, how long would consent be given for? In asking for consent to let from Foundation Home loans are we running the risk of them forcing us to change deal to BTL