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Need professional advice for your consent to let with Platform Home Loans Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Platform Home Loans consent to let: Q and A’s

  • I am in an impossible situation with a Consent to Let mortgage. In response to requesting consent to let my bank has requested evidence of a signed AST before they will grant consent. If I get a signed tenancy agreement would I not be breaching the lender’s terms and conditions?

  • I have a one bedroom apartment in Greenwich let out which has a 62 year lease. Mortgage adviser said I should refinance (currently with Platform Home Loans) as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on income multiples would give me a budget of £210k. Not much about in Lambeth for me to get my own place. To extend the lease will cost 13k. Rent out with consent to let or sell the flat?
  • My OH and I have a flat in Camden which we purchased as a new-build about eight years ago. As childen are growing up we require a bigger home. We've identified a property in Hackney that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with Platform Home Loans and we've found a tenant who will pay rent which more than covers the monthly mortgage payment. The query is, can we keep the repayment mortgage with Platform Home Loans so we effectively paying off our mortgage on the property or must we to move it to a buy-to-let product?
  • I am looking for our family to move to give us all more space. We are thinking about buying another house in the near future. Our house is worth £185k and we have about £85k left to pay on the Platform Home Loans mortgage. We would prefer to keep this house as an investment property and let it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • I'm gathering some information on whether consent to let is something available to me? We have a mortgage with Platform Home Loans and are thinking of renting the property out for two years, but cannot really afford to convert to a buy to let mortgage. Is consent to let an alternative to to switching to a buy to let rate?
  • I am trying to find out if it is possible to get a consent to let mortgage with Platform Home Loans rather than a buy to let mortgage
  • I am currently in the process of getting a mortgage through Platform Home Loans - I foresee that in the coming months I may decide to rent the property out - how would I change the normal mortgage to a BTL mortgage?
  • I am looking to get consent to let with my Platform Home Loans residential mortgage. It is a 3 bedroom house. Will Platform Home Loans grant consent on this basis? Or would it be regarded as an HMO?