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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 am a first time buyer looking to purchase a terraced house in LendInvest. I have a good size deposit and expect a mortgage from LendInvest. My dilemma is that my fiancee has a apartment in Dover and I can foresee myself moving in next year, when I would want to let out my property. I understand that consent to let is required but it does not sound like a guaranteed option. Can you offer any advice?

  • I am looking to acquire a two bedroom ground floor purpose built flat in Ealing. My plan is to reside there for a year, and subsequently move into a bigger home. Rather than sell the first apartment my preference would be to rent it out so that it form part of my investment portfolio. Do you know if LendInvest would give consent to let after 6 months?
  • I was just seeking advice on whether I will be allowed to convert a homeowner mortgage with LendInvest to a consent to let. It will be less than 55% ltv and it would alter from capital and interest repayment to interest only?
  • I want a bit of initial advice to consider if consent to let is a sensible option. I completed the purchase of my apartment 6 months ago by transferring an existing LendInvest mortgage product. My fixed rate finished 4 months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with LendInvest, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to move to a buy to let mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a viable option for myself and 2) I need to find additional capital to meet the 65% LTV ratio required for a BTL mortgage. It would be preferable to get a consent to let from LendInvest for a couple of years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • I currently have a mortgage with LendInvest that I would like to transfer to a consent to let as we have found another property we are looking to purchase. How do I go about seeking consent to let from LendInvest?
  • My LendInvest mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then seek consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.
  • I would like to let my home for two years max. I would like to know if I could have a consent to let by my existing mortgage lender LendInvest?
  • Is consent to let required from LendInvest if I am planning to live in the property myself for three months of the year? Furthermore if I obtain consent to let for a period of time, say up to twelve months, what happens thereafter.