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.

Top Five Questions relating to Vida Homeloans consent to lease

  • Will Vida Homeloans invoke a right to put a loading on my interest rate on a regular mortgage that has just been approved for Consent to Let at any time, onto ‘rates akin to their BTL loans'?

  • My husband and I plan to return to Dubaiin Month, perhaps temporarily but it could be longer term. We have just applied to Vida Homeloans to obtain consent to let out our home in Vida Homeloans. The mortgage has been in place with Vida Homeloans for Six years and there have been no arrears. Vida Homeloans tell me, that even if they consent to the letting, that this is a short term consent for a period of twelve months. And then what?

  • My house had been tenanted for three years between 2010-2013 while employed Amsterdam. I have a letter dated June 2010 from the building society granting consent to let. In the letter it clearly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was issued. I now plan to move house and rent out my existing house. However, my financial advisor has suggested that the 2010 consent to let letter may not be acceptable to the new lender Vida Homeloans for the property I intend to buy.Can this be right
  • I am looking for our family to move to give us all more space. We are planning to purchase another house next year. The house was valued at £240,000 and we have about £70k left to pay on the Vida Homeloans mortgage. We would prefer to keep this house as an investment property and rent it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • I have a Vida Homeloans mortgage currently and may wish to let it out temporarily with consent from Vida Homeloans for (1 year). Is this possible?
  • If I am tied into a fixed rate with Vida Homeloans but am deliberating on letting out my property, is there a fee for consent to let from Vida Homeloans and does the interest rate change?
  • My mortgage is presently with Vida Homeloans and am considering whether to sell or rent in the short term but don't have the equity for a buy to let mortgage at this time. What are my consent to let options currently?
  • I am interested in consent to let for my house mortgaged with Vida Homeloans. How do I move forward? Do I have to apply to Vida Homeloans and get them to agree?