Need Help?

Need professional advice for your consent to let with Test part 2? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Sample questions relating to test consent to let

  • I own a ground floor flat but I am hardly there, considering the possibility of renting it out. The mortgage is with test, would I have to convert my mortgage deal or do I try to get consent to let?
  • My husband and I have a flat in Redbridge which we purchased as a new-build about seven years ago. As we've now got a young son we are looking for a larger home. We've found a house in Southwark that we would like to buy and want to keep the flat as an investment to rent out. The mortgage is with test and we've found a tenant who will pay rent in excess of the monthly mortgage payment. The query is, can we keep the repayment mortgage with test so we effectively paying off our mortgage on the flat or must we to move it to a buy-to-let product?
  • I have a mortgage with a friend on our property which is up for renewal 1st October. I am having to relocate to Reading for my Job in next month. Is it possible to switch to a consent to let mortgage with test?
  • Last May I moved out my house in a hurry and let out the property. I am aware I needed consent to let via test but was unsure what the future would hold and it escaped my mind to get consent. I'm now in the position where I wish to sell that house and switch the test mortgage to a new flat. I am struggling to find a path to do this without being at the behest of test for not seeking consent to let. When porting, at the time of repaying the mortgage, you must say you intend to "park the rate" and endure a new set of affordability checks. Although I do not foresee concerns with my financial standing, the credit check may show I don't live there any more.
  • I would like to rent out my property. Do I just need to send a letter to test requesting consent to let out the property?
  • Good-day, what documents or paperwork would test require for a consent to let letter?
  • I'm possibly going to Hong Kong for a year with work. Planning on taking my partner with me and hoping to rent our UK home in the meantime on a short term basis to make matters more cost effective. I was just enquiring whether test currently allows consent to let
  • What, if any, income requirements do test set for consent to let on an existing homeowner mortgage?