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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.

Hampden consent to let: Q and A’s

  • Soon to be packing up as my husband and I are moving to New Zealandin Month, possibly for a little as 9 months but conceivably longer term. I'm in the process of writing to Hampden to obtain consent to let out our property (we have already found tenants). I have been with Hampden for 9 years and no payments have ever been missed. Hampden tell me, that even if they do agree, that this will be limited consent for one year. What happens after one year?

  • I have had an existing homeloan with Hampden coming up to 18 months and the fixed rate is about to expire. We are considering taking equity from our existing property to allow us to acquire a new larger home and then let out the existing 2 bed flat. We have had initial advice that we ought to get a new residential mortgage allowing for consent to let - what does this mean?
  • My friend is intent on letting his apartment out without consent to let from his mortgage provider Hampden. He has been on an interest only mortgage since 2008. Currently owes £99k, having paid for the apartment for about £110k. In the absence of securing consent to let by Hampden, exactly what sanctions is he likely to face?
  • Due to meet with my broker on Tuesday. I will apply for Consent to Let from my current lender Hampden. My new property in Tower Hamlets will be 90% LTV. I have been told by a friend that some lenders dont want consent to let customers and I may encounter difficulties regarding my new mortgage. Am I likely to encounter this problem?
  • My wife and I have already let but only just realised Hampden should've been informed and consent to let sought - what's the best course of action now?
  • I have recently got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger property. Will it be possible to get a consent to let on my new mortgage with Hampden to allow us to get a mortgage also with Hampden for a new home?
  • I have a question I'd like to ask...if consent to let is granted by Hampden would it usually be subject to a time limit, such as 6 or 12 months?
  • We are considering a remortgage offer with Hampden and it's likely I will end up asking for consent to let during the fixed period. Are there any penalties I should be aware of?