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Need professional advice for your consent to let with Kensington Mortgage Company Ltd? 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: Kensington Mortgage consent to let

  • I spoke to a mortgage broker friend last week. She said that if I decide to move abroad with my job for a period then I should not apply for consent to let from my lender (Kensington Mortgage) until at least four weeks before I plan to let the house. Does that mean I have to find a tenant first and then obtain a consent to let?
  • I want to purchase a second house having recently purchased a studio flat on normal mortgage. Plan to purchase in a few months time. I am told that I may require consent to let from Kensington Mortgage, my existing mortgage provider? What is the best way to manage this and procure the consent required.
  • As we are relocating and unable to find a buyer for our house, we are mulling over letting it out. Am I required to inform Kensington Mortgage? If we do, I think they will want to change our mortgage to buy to let and load the fees etc which we can't afford. I was thinking that as long as I continued paying on time it shouldn't be an issue, but am now concerned about insurance ramifications if I have let my property out on the sly. Any feedback?
  • Last week I received a MIP from Kensington Mortgage for a detached house. I have applied through Right to Buy. It is a 20 year mortgage. I am curious as to what is the main criteria Kensington Mortgage adopt in order to allow borrowers consent to let? Is consent to let based on the rental yield of a property?
  • I was just looking into consent to let as it's something potentially I would need from Kensington Mortgage inside the next year. Our circumstances have changed, and I wish to let my property out
  • Do you know whether Kensington Mortgage will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Kensington Mortgage let me raise capital based on the rental revenue ?
  • Do I need consent to let if I let to a family member (in my case my mum now lives there and contributes towards the Kensington Mortgage mortgage)?
  • Just wanted to know what needs to be provided to Kensington Mortgage in order to get consent to let? I just finished a three year fixed mortgage and potentially moving to another house with my partner.