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.

Frequently asked questions relating to Vida Homeloans consent to lease

  • I am a couple of years into my five year fixed rate mortgage and have accepted a job abroad so would like to let my property for 2 years. My LTV is around 60%. Can you tell me if Vida Homeloans will load the interest rate for consent to let for a couple of years?
  • I have rented out my ground floor flat in Hackney for the last two years, and I didn't realise that I required consent to let. I would like rectify the situation. Would this be an issue?
  • My fiance and I have a fixed mortgage with Vida Homeloans (with just over eighteen months remaining) but due to redundancy want to move away from NW London (actually to a new job in Belgium) and so want to let the property out. We are keen to avoid the expense of the penalty cancellation of existing mortgage and understand that some lenders are willing to grant this 'consent'...what is the policy adopted by Vida Homeloans?
  • My husband and I currently live in Melbourne and renting out our apartment in Hounslow. This is not something we planned but an opportunity presented itself and we took it. The rent achieved on the apartment is not enough to cover the mortgage so we send back funds each month to cover the shortfall. Last week our lender got in touch telling me that as the property is being let out and has been for almost two years we will have to pay 1.5% interest in addition to our current mortgage rate. One option would be to sell the property but this will not be easy as I am on the other side of the world. Would it be possible to remortgage with Vida Homeloans and get consent to let?
  • I have recently got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger place. Will it be possible to get a consent to let on my new mortgage with Vida Homeloans to allow us to get a mortgage also with Vida Homeloans for a new home?
  • I am looking at some alternative lifestyle. I have a Vida Homeloans mortgage, if I become a US resident but wish to rent my UK house, do I need to get consent to let from Vida Homeloans to do this ?
  • Please can you inform me how much the fees are and if Vida Homeloans typically give consent to let without transferring to a commercial rate?
  • Are you aware if there is normally a maximum loan to value amount before Vida Homeloans will give consent to let?