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Need professional advice for your consent to let with Landbay? 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: Landbay consent to let

  • I was wondering if you could please providing me some advice on what the process is for applying for content to let, what do I need to do. I am thinking about taking a Landbay mortgage on a £140,000 property on the coming months. The aim would be to hold the house as a second home but I would like to know what options are open to me to let the property in the future. If our circumstances were to change the house would either be sold or let out.
  • I would like to purchase a second house having recently purchased a studio flat on domestic mortgage. Looking to purchase in a few months time. I am told that I may require consent to let from Landbay, my current mortgage provider? What is the best way to go about this and get the permission required.
  • Our present house in Sutton has approximately £80K equity with a mortgage with Landbay. It's a nice family house in a popular area and it should rent well. We are probably moving for my partner’s work and were considering keeping this house on as a rental property - should we be swapping the mortgage to a B2L product or should we apply for consent to let from Landbay?
  • My wife and I took a loan out on a one bedroom apartment in August however I will be working outside of commuting distance of Barnet in the medium term but hope to find work closer in the long term. Given that I recently acquired the property I will lose money if I sell and do intend to return to Barnet so would like to keep it. How likely are Landbay to allow a consent to let and what will it cost me ?
  • Will Landbay choose to operate a right to change the rates on a owner-occupier mortgage where Consent to Let at any time, onto ‘rates equivalent to their B2L range'? Is it possible to remortgage on a consent to let with Landbay?
  • My son has a mortgage with Landbay and he wants to let his flat out as he is moving in with his girlfriend.Will she be issued with consent to let? What is the procedure and what needs to be done next?
  • I am potentially moving in with my girlfriend at her home and would like to rent out my property that I purchased thirteen months ago, I'm just not sure of the process as my property is my first home. What do I need to do to obtain consent to let from Landbay If I obtain consent would my mortgage payments increase?
  • I could potentially need consent to let from Landbay in the future with work. I am just seeing what the options would be if this was the case. Is there a limit on the length you can let out your property with consent?