Need Help?

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

Common questions relating to Hampden consent to lease

  • I have a 2 bed leasehold maisonette with a Hampden mortgage and have a lodger in the 2nd bedroom. I have decided to relocate to Wandsworth and will look for a property to rent. My lodger would like to stay and has agreed to pay an increased rent. Do I have to get consent to let by Hampden?
  • I am expecting to apply for consent to let from my existing mortgage lender Hampden. A friend of mine said that he was issued with ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an AST. Can you explain what this is?
  • We are planning on buying a house, letting two of the rooms out in order to cover the mortgage with Hampden, and then moving on in a few years time - when the property would be fully rented. How likely is it that Hampden would look at this unfavourably as I will have been granted a domestic mortgage as opposed to a B2L or consent to let? I've heard that in extreme situations they can repossess the property, is this correct?
  • We have a self certified mortgage with Hampden that we are having problems receiving consent to let as a result of being in Hong Kong and renting out the apartment from 2010 without their approval which was a lapse on our part. We have a 38% LVR and made overpayments of £500pm for six years so there are no arrears. We would happily switch onto a buy to let mortgage with Hampden at a bumped up rate yet we haven't been given that as an option.
  • I am currently in the process of applying for a mortgage through Hampden - There is a likelihood that in the coming months I may decide to let out the property - how would I swap the normal mortgage to a BTL mortgage?
  • Is there a set or maximum term how long I could let my property out to a family member with consent to let from Hampden. I no longer want to live in the area and want to buy a new home?
  • Do Hampden respond negatively to requests for consent to let? I am just considering this in order to move home in the coming months
  • Are you aware if there is normally a required LTV before Hampden will grant consent to let?