Consent-to-let Help for Zephyr Mortgages

Questions and Answers: Zephyr Mortgages consent to let

• I’d appreciate your advice if you have had experience seeking Consent to Letfora year from Zephyr Mortgages or whether you have any tops as to how such approval is given.

• We've been renting my wife's old house out with "consent to let" from Zephyr Mortgages on a homeowner mortgage for the past three years. Zephyr Mortgages have advised of their intention of revoking consent to let unless we convert to one of their "buy to let" products.

• Twelve months ago my building society (not Zephyr Mortgages) issued me with consent to let. This was subject to a provision that every half year they would levy a charge of half a percent of the remaining mortgage amount. Having the first few payments they have omitted to make the charge in recent months. This may be no more than a basic computer error but I am nervous that it would also mean I no longer have Consent to Let.
• Last week I received a decision in principle from Zephyr Mortgages for a freehold property. I have applied via a broker. It is a capital and interest mortgage. I am curious as to what is the main criteria Zephyr Mortgages adopt in order to allow borrowers consent to let? Is consent to let based on the rental amount for a property?
• Were I to let my property with consent to let from Zephyr Mortgages will will theybump up the interest rate? I am presently on a fixed rate for two years.
• I don't currently have consent to let by Zephyr Mortgages but I would like to apply, I am looking at working away for eighteen months. But want to keep my home for when I come back - are you able to help?
• Do you know whether Zephyr Mortgages will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Zephyr Mortgages let me raise capital based on the rental revenue ?
• 17 months into mortgage with Zephyr Mortgages due to work reasons need to move. Do you think I can get buy to let or consent to let.