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

Questions and Answers: ITL Mortgages consent to let

  • My husband and I bought a terraced property in 2013 for 175,500 with ITL Mortgages. My husband’s job requires him to relocate to Cyprus and appreciate that I have to request consent to let from ITL Mortgages. Do you have any experience of consent to let from ITL Mortgages?

  • I would like to move home and I am wondering if I can get consent to let on my house then get a mortgage approval for the new house so I can effectively bid thus being chain free and then let my property out once I move. Will my lender ITL Mortgages grant consent to let for six months if they know I am looking to purchase a further property or only where one is moving temporarily for career reasons?
  • I have been a mortgage borrower with ITL Mortgages for sixteen years. My divorce was finalised two years ago and bought the ex wife out. My situation has changed, I would like to retain my house but live with my new partner, renting my house out. I have been told by my broker that I can ask for a consent to let by ITL Mortgages instead of a buy to let mortgage as I haven't purchased the house in the first place in order to let, is this correct?
  • We are currently in Dubai and letting out our flat in the UK. This is not something we planned but an opportunity came up and we took it. The rent we make on the apartment is not enough to cover the mortgage so we send back funds each month to make up the difference. Yesterday our lender got in touch informing me that because the property is being let out and has been for almost three years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell up but this will not be easy as I am on the other side of the world. Could we remortgage with ITL Mortgages and get consent to let?
  • I was just looking into consent to let as it's something potentially I require from ITL Mortgages within the next 12 months. Our family circumstances has changed, and I would like to let my home out
  • My ITL Mortgages mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then seek consent-to-let. Is this possible? We don't use the house much now that our kids are growing up, and would be better used as a rental.
  • I have had my mortgage with ITL Mortgages since 2006 with no arrear If I asked for consent to let would it be given?
  • Assuming that I was successful in obtaining consent to let from ITL Mortgages, could I sell during the consent period? Is it possible that I would incur any penalties?