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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.

Questions and Answers: Vida Homeloans consent to let

  • I have a standard mortgage over my home in loc and intend to move to country for two years. During this time it would be ideal if I could let out my apartment. My mortgage provider says I cannot have consent to let. It’s hardly ideal to move to a buy to let loan as it’s only for a limited time-frame that I am going away for.

  • I have just been presented with an excellent career opportunity for eight months overseas. I do have sufficient cash reserves to pay the monthly Vida Homeloans mortgage however the buildings insurance stipulates continuous residency in order to be valid. Last Christmas the roof suffered storm damage but was repaired. Should there be any problems in the winter months I would struggle to cover the repair costs. Will I qualify for consent to let by Vida Homeloans for a limited period?
  • We are planning on buying a property, renting a couple of the rooms out in order to cover the loan with Vida Homeloans, and then moving on in a few years time - when the property would be fully tenanted. How likely is it that Vida Homeloans would frown upon this as I will have been issued with a owner-occupier loan as opposed to a B2L or consent to let? I've read that the worst case scenario is that they can sue for mortgage fraud, is this an exaggeration?
  • We took a home loan out on a one bed flat last August however I will be working outside of commuting distance of Hillingdon for the foreseeable future but hope to find work closer in the long term. Given I have not had property long I will lose money if I sell and do plan to return to Hillingdon so would like to keep it. How difficult is it to get consent to let from Vida Homeloans and what is the procedure ?
  • How simple is it to get a consent to let from Vida Homeloans and what does it cost? If I want to let out my property for a few months how easy is it to chop and change between a residential mortgage and consent to let?
  • Can I remortgage with Vida Homeloans with consent to let if my fixed rate is coming to an end. Circumstances would not have changed.
  • I am looking for consent to let for my house as I am moving out for 6 months currently fixed Vida Homeloans mortgage with two years which is up on April next year.
  • Eleven months into mortgage with Vida Homeloans due to work reasons need to relocate. Do you think I can get buy to let or consent to let.