Need Help?

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

Sample questions relating to Habito consent to let

  • In what situations will consent to let for a property be issued by Habito? For what period of time do you have to have had owned the property before consent to let can be granted by Habito? In order to give you some perspective we are moving abroad for 20 months with my wife’s work and will need to rent our property. I am interested in securing consent to let in the first instance in order to put a tenant in it to offset the expense of the Habito mortgage.
  • My partner and I are FTBs, presently renting. We would ideally like to buy a studio flat in Hounslow. We want to move there, but will need to wait for a job - perhaps a couple of years. Do we have to seek a buy-to-let mortgage? Would it be possible to have a normal mortgage with Habito, even though we won't be moving in straight away? Alternatively could we move there for half a year, then start renting it with consent to let from Habito? I'm only evaluating suggestions that are completely legitimate, and wouldn't breach the terms of the Habito mortgage.
  • I previously took a mortgage with Habito and the LTV is currently 60% with the Habito current book value and I'm looking to purchase a further property but do not want to sell my existing property at the current market value. I have consent to let from NRAM 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 Habito 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 cost.
  • We are planning to let my flat for a year from 10th July 2015. Is there a template letter I can use to send to Habito to apply for consent to let.
  • I want to let out a room in my house in Sutton. Do I require consent to let from my mortgage co Habito?
  • My wife and I want to let our house out and use the rental income to cover the rent on a house in Bexley. What are the chances of being given consent to let by Habito without being forced onto a BTL product.
  • Is it the case that a previous extension to a mortgage term with Habito work against us once we applied to Habito for consent to let.
  • What are the changes that Habito force me into a consent to let product while I'm in a fixed rate product for 2 years?