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.

Examples of recent questions relating to Vida Homeloans consent to let

  • Just wondered if Vida Homeloans invoke a right to increase interest rates on a non-commercial mortgage where Consent to Let at any time, onto ‘rates equivalent to their BTL range'?

  • I bought a house 3,two years ago in Manchester when I worked locally. I got a new job which necessitated working in Wimbledon. I travel down on Sunday morning and live with a cousin mid week. I am now considering relocating with the family to avoid the commute. I am looking into the option of renting out my current home. My mortgage is with Vida Homeloans, would I have to move onto a new mortgage deal or should I apply for consent to let?
  • I have a mortgage with Vida Homeloans on a flat and I would like to find a tenant for it out and rent an alternative property due to changes in personal circumstances - I want to move to a different area, and to live in a larger house with my fiance. I sought consent to let and yesterday got reply with a refusal because they considered that I want to invest. I dont know what to do now. The process has put me at risk since I am already committed to the new home and would have to pay both Vida Homeloans and rent, which could put me at financial risk. The matter needs to be resolved soon as a potential tenant waiting in the wings
  • I have an offer accepted to purchase a property, we have a deposit of between 10-15% for a domestic mortgage with Vida Homeloans. The one concern is we may leave the country in three months for work. We are using a financial adviser. She says if you tell this to the lender in advance you will need to get a buy to let. Do go ahead with residential mortgage with Vida Homeloans, shortly thereafter seek consent to let? Alternatively, do we try and speak to Vida Homeloans at this point and disclose there is a possibility we will move abroad in the future (I have not signed anything as yet to move abroad) and see if they agree before hand that it wouldn't be a problem
  • I was just wondering if Vida Homeloans were picky when considering consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • I want to apply for consent to let from my mortgage provider Vida Homeloans to lease out my flat. . Can you tell me if Vida Homeloans issue consent to let in these circumstances?
  • Are you aware of any leeway in the accepted equity ration before switching from a current Vida Homeloans mortgage to a consent to let?
  • Would you be able to help me? What do we need to do to get consent to let from Vida Homeloans? And what are the costs involved?