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Need professional advice for your consent to let with Topaz Finance plc? 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: Topaz Finance consent to let

  • I have a home loan with Topaz Finance on a flat and I wish to find a tenant for it out and rent an alternative house due to changes in personal circumstances - I want to move to a different location, and to live in a larger property with my partner. I sought consent to let and just got a response refusing because they determined that I want to invest. I dont know what my options are. I am now at risk since I already have rented a new property and would have to pay both Topaz Finance and rent, which could expose me financially. The matter is urgent as a prospective tenant waiting on the sidelines
  • My friend intends to rent out his flat out in the absence of consent to let from his mortgage lender Topaz Finance. He has been on an interest only mortgage for about six years now. Currently owes £99k, having bought the apartment for about £118k. If he lets the apartment out privately, exactly what sanctions does he risk?
  • I would like to let my existing residence and want to purchase a larger house for the family. I have a two year fixed mortgage with Topaz Finance. On the basis I get the consent to let as I understand lenders are more than likely to push me towards getting BTL mortgage when the fixed term comes to an end. Could I remortgage after two years with an alternative lender? What connotations does that have aside from the higher rates - would I need a greater equity ratio in the property too ie lower loan to value?
  • What is the maximum period of time allowable to Topaz Finance that I would be able to let my property without being required to switch mortgage or sell my house? In short, my partner has asked me to move in with him and I really want to hold onto my house. I would like the fallback of knowing I still own my own property.
  • We have already let but only just dawned on us that Topaz Finance should've been told and consent to let applied for - what's the best course of action now?
  • I recently purchased a property with 10% deposit for personal reasons. A homeloan was taken with Topaz Finance. However my circumstances have now changed. I am being transferred out of the location. Am I able to obtain consent to let from Topaz Finance and put the property up for rent?
  • I was just wondering how to obtain consent to let from Topaz Finance...do I phone them or apply formally in writing to them?
  • I have 5 months to run on a 2 year residential mortgage with Topaz Finance but now let the property out. Can I assume they will simply charge a flat fee for consent to let?