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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.

Frequently asked questions relating to LendInvest consent to lease

  • We just received consent to let from LendInvest. After some effort, LendInvest have issued me with ‘consent to let’ confirmation . Mention is made of an assured shorthold tenancy. What is that?

  • Can you explain "consent to let" to me? I live in a 1 bed flat and its in good condition. It has been on with agents for two months and I have had very few viewings. This is probably due to an longstanding feud with the guy next door. I have had to put it on the disclosure sheet. Mortgage is with LendInvest on a fixed rate. It has been suggested to me that I should seek consent to let by LendInvest and let the property out.
  • My girlfriend and I (co-owners) are in the process of refinancing with LendInvest. I was doing some research concerning consent to let from LendInvest to understand the rules around potentially leasing our current property out (probably in a year or 2) if we moved away. The apartment in question was a first-time purchase for us about three years ago. Currently we are living there.
  • I have found myself in the accidental landlord scenario and failed to inform LendInvest. I had to leave my property for family reasons, so am now based in another part of the country. I originally tried to sell the flat, but prices were depressed, which meant I was in negative equity. This was a couple of years ago in 2012, which has since seen the property price increase and has given me time to save. I am in now in a position where I can now convert to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert LendInvest that I have been letting without consent to let? I am aware that I shouldn’t have done this, but circumstances forced my hand. Can I change to a BTL without LendInvest knowing what I’ve done?
  • We have already been told to write a letter to LendInvest to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • I currently have a mortgage with LendInvest that I would like to transfer to a consent to let as we have identified another property we are looking to purchase. How do I apply for consent to let from LendInvest and what happens within the process?
  • I am after further information concerning consent to let home loans, potentially moving our existing mortgage with LendInvest across to a consent to let one.
  • I'm looking in more information regarding consent to let from LendInvest. Would an acceptable reason be issues with neighbours and the property is too big for me to run at this moment in time?