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Need professional advice for your consent to let with LendInvest? 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: LendInvest consent to let

  • I'm looking to remortgage our old one bedroom first floor purpose built maisonette, currently tenanted under consent to let from LendInvest, 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 financial adviser for this and I am not really au fait with what my options are. Can you recommend a good broker service specialising in BTL?
  • I previously took a mortgage with LendInvest and the loan to value is presently 45% with the LendInvest current book value and I'm looking to acquire a further property but do not want to sell my current property at the current market value. I have had CTL from another lender on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with LendInvest need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 18 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • Do the estate agents we rented through have a duty of care to have ensured that the landlord had consent to let from LendInvest?
  • I have been renting out my flat to students for three years but not on a buy to let mortgage as I thought that you only needed a buy to let if you had more than one mortgage. In trying to acquire a second property, I found that I should have had consent to let at the outset from my mortgage provider LendInvest. I'm enquiring whether I can now ask LendInvest for a consent to let?
  • I'm gathering some information on whether consent to let is something available to me? We have a LendInvest mortgage and are considering leasing the property out for a couple of years, but cannot really afford to convert to a buy to let mortgage. Is consent to let a viable option rather than to switching to a buy to let rate?
  • I took a domestic mortgage with LendInvest, and I would like to rent the property out, until I decide whether to sell or retain it as an investment. At the moment I am on the fixed rate. Will I need to move onto a new mortgage? I.E. BTL?
  • I am trying to investigate if it is possible to get a consent to let home loan with LendInvest rather than a buy to let mortgage
  • I am after further information in relation to consent to let mortgages, potentially moving our existing mortgage with LendInvest across to a consent to let one.