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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.

Top Five Questions relating to ITL Mortgages consent to lease

  • I am a FTB interested in a detached house in ITL Mortgages. I have a significant deposit will be getting a mortgage from ITL Mortgages. My dilemma is that my fiancee has a flat in Birmingham and I can foresee myself moving in next month, when I would have to let out my house. I have heard of consent to let but it does not sound like a guaranteed option. Is there any advice you can impart?

  • As things stand we have a three year fixed term home loan with ITL Mortgages that we're about one year into. Our circumstances have now altered and we wish to let out our house for a while and move to another town. How do we minimise the possibility of ITL Mortgages rejecting consent to let.
  • I'm looking to remortgage my one bed flat, currently let out under consent to let from ITL Mortgages, onto a BTL rate as we will not be moving back into it now since we have our family home. So, I'm assuming I need a specialist broker for this and I am not really familiar with what is available in this area. Can you recommend a good broker service specialising in BTL?
  • I am looking for some precautionary advice to see consent to let is a feasible proposition. I bought my apartment 6 months ago by transferring an existing ITL Mortgages mortgage product. My fixed rate expired four months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with ITL Mortgages, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a buy to let mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to raise additional capital to satisfy the 65% LTV ratio required for a buy to let mortgage. Ideally I would like to obtain consent to let from ITL Mortgages for 1-2 years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • If we request a consent to let letter by ITL Mortgages will we be forced to switch to buy to let mortgage? We are with ITL Mortgages and as properties are not currently selling and we have seen one we like we were considering letting our home out in order to buy the new and sell this one if the local market picks up.
  • We have a mortgage with ITL Mortgages at present and just enquiring if there any fees for obtaining consent to let
  • Me and my partner have a mortgage with ITL Mortgages but am informed they have a stipulation that they do not give consent to let the property to a housing association. Is this correct and if so, is there a method round this?
  • Four months ago I purchased a property using a ITL Mortgages mortgage. However I am presently living with mother and father. I don't want to move in until for eight months due to some family reasons. In interim can I let out the property with consent to let?