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Need professional advice for your consent to let with TEST 123? 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 TEST 123 consent to lease

  • I am looking to emigrate to Germany . Rather than sell up, I wish to rent my existing property out, just in case things fail to work out and I decide to come back within one or two years. My current mortgage is with TEST 123. Would I be able to remortgage with another mortgage company on a much lower interest rate then apply for Consent to Let after the refinancing has completed?
  • In what circumstances will consent to let for a property be issued from TEST 123? For what period of time do you have to have had ownership of the property before consent to let can be negotiated with TEST 123? In order to give you some perspective:We were living in a very small 1 bedroom flat which is too small for us, my husband is also unwell and we are far away from family who could offer us a bit of relief, in the form of babysitting. I am interested in applying for consent to let initially to be able to put a tenant in it to offset the expense of the TEST 123 mortgage.
  • I want a bit of preliminary guidance as to whether consent to let is a feasible proposition. I bought my flat 7 months ago by transferring an existing TEST 123 mortgage product. My fixed rate expired three months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with TEST 123, 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 change to a B2L mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a feasible option for myself and 2) I need to raise additional capital to satisfy the 65% LTV ratio required for a BTL mortgage. It would be preferable to obtain consent to let from TEST 123 for 1-2 years in order to be more secure in becoming a possible landlord and to raise 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, reoccupy it.
  • How long after taking out a new mortgage do I have to wait before I can seek consent to let from TEST 123? By way of background I bought my property in Havering nearly two years ago and am currently on a fixed term for 3 years. Not long after I met a guy and plan to move in to his place. I intend to get another fixed term next June. I presume that I would have to wait at least six months before I could request a consent to let. Is that correct?
  • My TEST 123 mortgage fixed rate ends in April and have to relocate for work soon after. Is it likely that I be able to both refinance and obtain consent to let?
  • I wondered whether you could help clarify the process for securing consent to let by TEST 123? Is there specific requirements for instance you must live in the property for over 6 or 12 months before its given?
  • I want to apply for consent to let from my lender TEST 123 to lease out my house. This is due to me relocating. Do TEST 123 give consent to let in this scenario?
  • I have a mortgage with TEST 123 taken 3 months ago where I moved from another lender. Am I now able to rent my property with consent to let from TEST 123 as I am looking to purchase another property.