Need Help?

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.

Top Five Questions relating to GE Money consent to lease

  • Can GE Money invoke a right to increase interest rates on a residential mortgage that has just been approved for Consent to Let at any time, onto ‘rates in line with their Buy to Let range'?

  • Just looking for some information, I have a mortgage on a flat with GE Money and I am thinking about renting the property out. Could this be done without changing my mortgage or receiving consent to let from GE Money?
  • Are you able to advise me what GE Money charge for consent to let out a room in my two bedroom second floor purpose built maisonette? Any insights would be gratefully received.
  • I have a current mortgage contract with GE Money and need clarify if it would be possible to receive consent to let out our ground floor flat in Redbridge.

    The purpose for wanting to lease out the property are as follows: -

    • My wife and I will be moving to Cape Town in 3 months.
    • In letting out the property this will facilitate savings to help the migration process.
    • There is little merit from a fiscal point of view to pay outright for a property which we are not living and by letting out the home this would be considered as an ongoing investment.

    If GE Money agreed that we are able to proceed with renting we would suggest some financial commitments to include: -

    • Continue to pay 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.
    • Supply our forwarding details for when we relocate.
  • As a result of job opportunities I will be moving to Scotland and would like to let out my flat temporarily, please let me know what steps I need to take in order to obtain consent to let from GE Money?
  • I am looking for some generic information on consent to let. I already have a mortgage in place with GE Money. I have had licence to temporarily rent out my apartment from the managing agents and they asked if I have consent to from GE Money.
  • Is consent to let a less costly way of renting out your property? Isn't this a loophole for some borrowers to exploit?
  • I have a residential mortgage with GE Money. I purchased the property in September two years ago. What are the options and criteria for consent to let.