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Need professional advice for your consent to let with Hodge Equity Release? 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 Hodge Equity Release consent to lease

  • I have a three bed flat but I am seldom there, considering the option of renting it out. My mortgage is with Hodge Equity Release, would I have to move onto a new mortgage deal or should I try to get consent to let?
  • Earlier this year I rented out my maisonette and have gained a Consent to Let with my mortgage company. 6 months have now elapsed and they have upped my repayment percentage as forewarned. I am unable to change to a preferable product with them, as they will revoke my consent to let. If I was to go with another provider for example Hodge Equity Release, would I need to obtain a Buy To Let mortgage or could I just remortgage and obtain consent to let?
  • In the coming months I would like to move home and I am curious as to whether I can get consent to let on my property then get a mortgage approval for the new house so I can put in an offer thus being chain free and then rent my property out once I move. Is it likely that Hodge Equity Release grant consent to let for six months if they know I am wanting to buy somewhere else or only if I am relocating short term with work?
  • My OH and I are looking to let out our one bedroom ground floor purpose built flat in Hackney in the new year. I would like some advice on what I need to do. I've just moved our Hodge Equity Release mortgage to a fixed term and just need to understand what the procedure is if I plan to get consent to let.
  • I am potentially moving in with my boyfriend but do not want to to sell my flat. How do I go about applying for consent to let from Hodge Equity Release, and how likely is it that this will be issued?
  • Is there leeway in the accepted equity ration before transferring from a current Hodge Equity Release mortgage to a consent to let?
  • Assuming that I was successful in obtaining consent to let from Hodge Equity Release, can I sell during the consent period? Is it possible that I would incur any charges?
  • What happens if I have already rented out the property for a number of years as an HMO and now want to go legit with Hodge Equity Release by obtaining consent to let ? (assume Hodge Equity Release had already granted a residential mortgage previously)