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

Recently asked questions relating to GE Money consent to lease

  • Because of my job, I am in a position where I anticipate that GE Money will grant me with Consent to Let from the outset of purchasing a property. My intention is to buy a property locally and lease it out, I will remain in the house that is provided (rent payable) by my employer. As I will be leasing out the property I will obviously have to complete a Self Assessment Tax Return, but I just want to check that although it is my only property (and it is not on a BTL mortgage), can I utilize Tax relief for the interest on the mortgage and the associated costs of letting out the property. I have only been able to track down information for those with a buy-to-let mortgage, but mine will technically not be B2L.
  • After 17 years in the capital, I'm considering relocating to be nearer to family. We've only been homeowners for the last two years and about to renew our mortgage with GE Money. In Newham, we are be looking at a 3-bed property around the £350k mark. Ideally, we would like to retain my existing property. Could I ask for Consent to Let from the proposed new lender GE Money. If granted what are the likely conditions?
  • How easy is it to switch a homeowner mortgage with GE Money to a consent to let. It will be less than 55% ltv and it would alter from repayment to interest only?
  • My OH and I took a loan out on a studio flat in May however I will be working outside of commuting distance of Greenwich for the foreseeable future but hope to find work closer in the long term. Given that I recently acquired the property I will lose money if I sell and do plan to return to Greenwich so would like to keep it. How likely are GE Money to allow a consent to let and what are the financial implications ?
  • This is not a question specific to GE Money but do mortgage companies generally supply the information I need for my Buy to Let or Consent to Let self-assessment tax returns?
  • I have tenants ready to move in and I have mortgage offer from GE Money on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
  • I have a domestic mortgage with GE Money, and I would like to rent the property out, until I decide whether to sell or keep it as an investment. As things stand I am on the standard variable rate. Will I need to remortgage? I.E. BTL?
  • Last month I completed my homeloan with GE Money since when my boyfriend has proposed and we are deliberating whether to reside in his house or mine. Would I be granted consent to let if I decided to move into his property