Need Help?

Need professional advice for your consent to let with Zephyr Mortgages? 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 Zephyr Mortgages consent to lease

  • Finding myself in a pickle with a Consent to Let home loan. In response to requesting consent to let the bank has asked me to provide them with an executed AST as a prerequisite to granting permission. Is is not the case that if I adhered to their request that I would be breaching the terms of my existing mortgage?

  • I have my garden flat in Tower Hamlets on the market but notwithstanding a couple of viewings there is a lack of interest so far. As a backup option I am considering leasing out the property if cant find a buyer. I dont think I will have a problem getting consent to let from the freeholder. My financial adviser says that in such circumstances I may be required to switch to a buy to let mortgage yet the chances are that I don't have enough equity needed. What's my exposure if I were to just keep the current Zephyr Mortgages mortgage and let the property out on the QT I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
  • My husband and I have just sorted our rates for another fixed period with Zephyr Mortgages. However, I went to an interview and basically I accepted the job offer in Enfield. I'm going to rent a one bed flat for me and my family in Southwark as we don't want to sell the house whist there is a possibility that we come back within a couple of years.... We really have no idea how things will work out. We called Zephyr Mortgages but we would appreciate your point of view please. Is it possible to have a consent to let in that case as we secured a fixed 5 years rate we really don't want to swap this.
  • We have an existing mortgage with Zephyr Mortgages and wish to clarify if it would be possible to seek consent to let out our garden flat in Westminster.

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

    • Me and my wife will be migrating to Melbourne in January.
    • By letting out the property this will facilitate savings to assist with the migration process.
    • There is little merit from a monetary point of view to pay off the mortgage for a property which we are not living and by leasing out the place this would be considered as continuing investment.

    If Zephyr Mortgages granted permission to us for renting we would suggest some financial commitments to include: -

    • Maintain paying the monthly mortgage payment directly from my current account.
    • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Supply our forwarding details for when we emigrate.
  • I'm gathering some information on whether consent to let is something available to me? We have a Zephyr Mortgages mortgage and are thinking of leasing the property out for two years, but cannot really afford to convert to a buy to let mortgage. The estate agent mentioned something about a content to let
  • My wife and I are planning to move to the US for eighteen months for my job but I don't want to change my mortgage to BTL as I want to reoccupy it when I return. Do you know if Zephyr Mortgages charges extra on the interest? Is there any way around this?
  • Just looking for some information. I currently have a mortgage in place with Zephyr Mortgages. I have been given licence to temporarily rent out my GFF from the freeholder of the block and they asked for a copy of the consent to from Zephyr Mortgages.
  • I got a homeowner mortgage with Zephyr Mortgages. I acquired the property in March this year. How difficult will it be to get consent to let.