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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

  • Will Landbay choose to operate a right to increase interest rates on a standard mortgage that has just been approved for Consent to Let at any time, onto ‘rates in line with their Buy to Let loans'?

  • I have a Landbay mortgage and have been letting out the property without consent to let, which I am now led to believe means I am in breach of my mortgage terms and condition. I fear that they have found out that I am not residing there. Is my best option is to dispose of the flat prior to being repossessed?
  • Having spent fifteen years in London, I'm considering relocating to be closer to family. We've only been homeowners for the last two years and about to refinance with Landbay. In Hackney, we are be looking at a 3-bed property around the £275k mark. Ideally, we would like to keep hold of my existing property. Could I ask for Consent to Let from the proposed new mortgage provider Landbay. If granted what are the likely conditions?
  • I was just seeking guidance on whether I will be allowed to switch a homeowner mortgage with Landbay to a consent to let. It will be less than 65% loan to value and it would alter from repayment to an interest only mortgage?
  • Good-day, what documents or paperwork would Landbay require for a consent to let letter?
  • Are you able to help? I am just wondering whether Landbay offer consent to let as an option if I decided to let out my property under a residential mortgage. Is there a specific rule for right to buy property and consent to let?
  • I am currently in the process of applying for a mortgage through Landbay - There is a likelihood that in the within months I may decide to let out the property - how would I transfer the FTB mortgage to a buy to let mortgage?
  • I would like to get consent to let from Landbay for two years at which point I can turn it into a BTL. Is this feasible