Consent-to-let Help for Vida Homeloans

Sample questions relating to Vida Homeloans consent to let

• me and my wife have just sorted our rates for another fixed period with Vida Homeloans. Some weeks later, I went to an interview and basically I accepted the job offer in Waltham Forest. I'm going to rent a small flat for me and my family in Haringey as we don't want to sell the house and moreover we might come back within a couple of years.... We really have no idea whether it will work out. We called Vida Homeloans but we would like also your take on the situation. Is it possible to obtain consent to let in that case as we just got a fixed 5 years rate we would not want to change.
• Can you explain "consent to let" to me? I live in a 1 bed apartment and its in good condition. It is on the market and I can't find a buyer. This is because my neighbour is a drunk and assaulted me last year. I was obliged to put it on the disclosure sheet. I am with Vida Homeloans on a fixed rate. Someone mentioned I should get consent to let via Vida Homeloans and rent the flat out.
• We have an existing mortgage with Vida Homeloans and need clarify if it would be possible to receive consent to let out our studio flat in Redbridge.

  The purpose for needing to find tenants for the property are are due to: -

  • My family and I will be relocating to Hong Kong next spring.
  • In renting out the house this will enable us to make some savings to assist with the migration process.
  • It would be pointless from a monetary perspective to pay outright for a property which we are not residing in and by leasing out the home this would be considered as continuing investment.

  If Vida Homeloans granted permission to us for renting we would propose some financial commitments to include: -

  • Continue to pay the monthly mortgage payment directly from my bank account.
  • Use an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Provide our forwarding address for when we relocate.
• My house had been let to students for three years from 2010-2013 while working overseas. I have a letter dated May 2010 from the lender granting consent to let. In the letter it explicitly states that the consent to let is valid for "the remaining term of the mortgage". I have not changed product since the letter was issued. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not be sufficient for the new lender Vida Homeloans for the property I intend to buy.Can this be right
• My husband and I are 12 months into a five year standard mortgage with Vida Homeloans. Just wondering whether it's ok to lease out the property on my current home loan. Will Vida Homeloans grant consent to let?
• My OH and I wish to rent out my house. Do I simply send a letter to Vida Homeloans requesting consent to let out the home?
• I am fixing my residential mortgage with Vida Homeloans but as a result of my job I may have to live abroad for a couple of years. Will Vida Homeloans allow and give consent to let and there be any penalty
• I was just enquiring how to obtain consent to let from Vida Homeloans...do I phone them or write a letter to them?