Need Help?

Need professional advice for your consent to let with JPMorgan Chase Bank, N.A.? 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 JPMorgan consent to lease

  • I rented my house out for three years between 2009-2012 while employed Amsterdam. I have a letter dated January 2010 from my building society granting consent to let. In the letter it clearly states that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was sent. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not be acceptable to the new lender JPMorgan for the property I wish to purchase.Your view would be appreciated
  • A colleague recently sought CTL from the Woolwich which they declined as the mortgage had not been in place for even half a year. I am about to request consent to let from JPMorgan. Do they adopt the same rule?
  • Our present house in Barnet has nearly £80K equity with a mortgage with JPMorgan. It's a nice family house in a popular location and I think it would rent easily. We are possibly moving for my husband's work and were considering keeping this house on as a rental property - would we need to change the mortgage to a buy to let product or can we get consent to let by JPMorgan?
  • Is it right that lenders (I have a mortgage with JPMorgan) may start adopting a more accommodating approach towards consent to let? A broker suggested that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. So if I transfer from a residential to a Buy to let I am moving to a regulated product. He suggested that under the current regulation banks are reluctant to allow borrowers do this, which may explain why some mortgage providers will permit borrowers have consent to let but not switch to a BTL mortgage. Is this plausible?
  • My partner and I have a fixed rate mortgage with JPMorgan and are deliberating on obtaining consent to let so that we can apply for another mortgage on another property that I own on a buy to let basis. Before we apply it would be helpful to know the connotations of making the change and any facts that we need to be aware of.
  • I wish to apply for consent to let from my lender JPMorgan to lease out my house. . Can you tell me whether JPMorgan grant consent to let in this scenario?
  • Me and my husband and I have a mortgage with JPMorgan on our two bedroom first floor purpose built maisonette in Havering. We are hoping to buy a new house and move in there. How do I move our current mortgage on to consent to let?
  • Can you tell me how much the fees are and if JPMorgan typically issue consent to let without switching to a commercial rate?