Need Help?

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.

Recently asked questions relating to LendInvest consent to lease

  • Colin (my husband) and I may need to let our Croydon home temporarily due to a career opportunity. This will be temporary but perhaps for seven years. Should I tell LendInvest or should I just keep quiet?

  • What information do LendInvest need to to decide whether to grant consent to let. I am on a 5 year fix with them. I have a good track record of mortgage payments over several years. I am planning a move to Sutton due to the family getting bigger. I will be retaining my existing job and my salary has gone up 20% since the mortgage commenced.
  • I previously took a mortgage with LendInvest and the LTV is currently 60% with the LendInvest current book value and would like to acquire a further property but do not want to sell my current property at the current market value. I have consent to let from Northern Rock on a previous property so know a bit about them and I also have buy to let with Scottish Widows 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 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • My partner and I currently live in Hong Kong and letting out our apartment in the UK. This was unplanned but an opportunity arose and we took it. The rental income is not enough to cover the mortgage so we transfer funds each month to cover the difference. Anyway this morning our lender got in touch telling me that because the property is being let out and has been for nearly four years we will have to pay 1.5% interest in addition to our current mortgage rate. One option would be to sell up but this will be difficult as I am so far away. Would it be possible to remortgage with LendInvest and get consent to let?
  • A work promotions now necessitates that Ibe in different locations every month and as a result I wish to understand the process for applying for consent to let with LendInvest
  • I would like to rent out my house for three years at most. How do I go about getting consent to let from LendInvest who I have a mortgage with?
  • Are you aware of any flexibility in the accepted equity amount before switching from an existing LendInvest mortgage to a consent to let?
  • Me and my husband am looking into the option of letting out my flat with consent to let from LendInvest whist away travelling for three months