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 have a residential loan with Vida Homeloans. I wanted to purchase a second property and my mortgage broker suggested I apply for a consent to let. I had formerly led to believe they only grant consent to let if I have the intention to go back to my current property. Is this correct?
  • If a property owner opts to let out their property without consent to let from Vida Homeloans - what, if any implication might there be for an agent acting on their behalf?
  • My mortgage is with Vida Homeloans and wonder if I am duty bound to disclose if we no longer reside in my house. I fear that they may up the interest rate if we move and find a tenant but it's not very obvious what the change would be. If I decide to let my property out and seek consent to let how would the payments change?
  • I have found myself in the accidental landlord category and without consent to let from Vida Homeloans. I had to leave my property for career reasons, so am now based in another part of the country. I originally tried to sell the flat, but prices were low, which meant I was in negative equity. This was a couple of years ago in 2011, which has since seen the property price increase and has allowed me time to save. I am in now in a position where I could switch to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Vida Homeloans that I have been letting without consent to let? I appreciate that I shouldn’t have done what I did, but circumstances left me with limited options. Any help will be greatly appreciated?
  • Can you help me understand what are acceptable reasons for leasing a property when it comes to seeking consent to let from Vida Homeloans? Are you able to help?
  • My Vida Homeloans mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then apply for a consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.
  • What is the process for obtaining consent to let from Vida Homeloans? Is there certain policies for example you have to live in the property for a year before its issued?
  • Do you have the address to which a Consent to Let request to be sent for Vida Homeloans? Sorry about bothering you with this query.