Need Help?

Need professional advice for your consent to let with Vida Homeloans? 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 Vida Homeloans consent to let

  • Bottom line - if worst comes to the worst what action Vida Homeloans can take if I have let out my house without consent to let?

  • In the coming months I wish to move house and I am wondering if I can get consent to let on my house then get a mortgage approval for the new house so I can effectively bid without being part of a chain and then lease my property out once I move. Will my lender Vida Homeloans grant consent to let for 12 months if they know I am looking to purchase a further property or only where one is relocating short term for my job?
  • I have an existing Vida Homeloans mortgage on a property for the last eight years. Fast forward and I have got married and live in my husband’s home. As of today the property is unoccupied and have a choice to sell or let it out. Obviously this could be a long term proposition as the probability of moving back is low. What should I advise Vida Homeloans with a view to obtaining consent to let?
  • Is it possible that mortgage providers (I have a mortgage with Vida Homeloans) are taking a more accommodating approach towards consent to let? A mortgage adviser suggested that BTL mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I move from a owner-occupier to a Buy to let I am moving to a regulated product. His belief was that under the current regulation lenders are reluctant to allow borrowers do this, which may explain why some mortgage providers will permit customers have consent to let but not swap to a BTL product. Is he plausible?
  • I would like to understand the requirements that Vida Homeloans set for consent to let? Are you able to assist?
  • Vida Homeloans residential mortgage. Will they grant consent to let a property for a couple of years? I reoccupy as an owner.
  • I am seeking consent to let for my flat as I am moving out for four months currently fixed Vida Homeloans mortgage with three years which is due on December next year.
  • Will I need consent to let from Vida Homeloans if I am intending to reside in the flat myself for half of the year? Furthermore if I obtain consent to let for a period of time, say up to two years, what happens after that.