Need Help?

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.

Kensington Mortgage Consent to Lease Example Support Desk Enquires

  • I have been letting out my flat with "consent to let" from Kensington Mortgage on a residential mortgage for the past two years. Kensington Mortgage have put forward an ultimatum retracting their consent to let if we do not swap to one of their "buy to let" products.

  • My partner and I have a residential mortgage with Kensington Mortgage. This has been in place for two years. We are potentially leasing out our house and renting in a village near our children's school until a suitable property becomes available to purchase. Do Kensington Mortgage ordinarily issue consent to let and if so, what are the financial consequences?
  • I have a maisonette in Enfield let out which has a fifty year lease. Mortgage broker said I should remortgage (currently with Kensington Mortgage) as a buy to let instead of consent to let and release 65-70k which on top of a new mortgage based on income multiples would give me a budget of £200k. Limited available in Newham for me to buy my own property. A lease extension will cost 19k. Should I keep or sell the flat?
  • I understand that this is a breach of Kensington Mortgage terms and conditions of mortgage if I rent out my flat having informed that I intend to live there. The plan is to have the mortgage fully paid off after four years, by which time I will become the outright owner, meaning I no longer require any consent to let. Kensington Mortgage advised me I can overpay as little as I like during the lifetime of the mortgage. I know someone who wants to rent the property. What checks do Kensington Mortgage do and what are the chances that they are likely to do this? What are the connotations of not seeking consent to let? From what I have read there is a possibility of Kensington Mortgage levying a fine
  • I wish to know all the definitive criteria and requirements in place to switch my Kensington Mortgage mortgage to a consent to let?
  • I am considering a remortgage and also exploring the possibility of renting the property in the future - Is there a fee with Kensington Mortgage to get consent to let and what are the criteria?
  • If I am tied into a fixed rate with Kensington Mortgage but am considering letting out my property, is there a fee for consent to let from Kensington Mortgage and does the interest rate alter?
  • My wife and I want to let our house out and use the rental income to cover the rent on a house in Enfield. What are the chances of being given consent to let by Kensington Mortgage without being forced onto a BTL product.