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.

Vida Homeloans consent to let: Q and A’s

  • Vida Homeloans have just granted me consent to let. After some effort, Vida Homeloans have issued me with ‘consent to let’ confirmation . The conditions attached to the consent refer to an assured shorthold tenancy. What is that?

  • Me and my wife and I I have a residential mortgage with Vida Homeloans but I would like to occasionally take in lodgers....am I obliged to obtain consent to let from Vida Homeloans?
  • What is the procedures for obtaining consent to let from Vida Homeloans? What evidence do they ask for? is there a fee to pay? Is consent generally limited in time and if so, for how long? Do I need to renew it every year? What if I obtain a consent but decide not to rent the property out?
  • We have an existing mortgage with Vida Homeloans and need clarify if it would be possible to seek consent to let out our one bedroom ground floor purpose built flat in Lambeth.

    The purpose for wanting to let out the property are are due to: -

    • My family and I will be moving to India in January.
    • By renting out the house this will enable us to make some savings to support the migration process.
    • There is little merit from a monetary point of view to redeem the mortgage for a property which we are not living and by letting out the property this would be viewed as an ongoing investment.

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

    • Maintain paying the monthly mortgage payment directly from my bank account.
    • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Provide our contact details for when we emigrate.
  • I am looking at moving abroad for work and would like consent to let from Vida Homeloans whilst I am away. Is the way forward to prepare a letter requesting consent to let and send it off in the post to Vida Homeloans? Letting the property isn't to make money but to retain the house in case things don't turn out as well as we hope
  • I am seeking consent to let for my house as I am moving out for four months currently fixed Vida Homeloans mortgage with two years which is due in July next year.
  • Me and my husband are considering applying to Vida Homeloans to obtain consent to let our property, how long does it take between submitting the application to us finding a letting agent and listing our house for rent? and are there any additional steps we will need to go through?
  • I currently have a residential mortgage with Vida Homeloans and plan on letting due to work being based in Luton. In asking for consent to let from Vida Homeloans do I run the risk of them forcing me to change deal to B2L