Need Help?

Need professional advice for your consent to let with Adam & Company? 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 Adam & Company consent to lease

  • Meeting with my financial adviser on Tuesday. I will seek Consent to Let from my current lender Adam & Company. My new property in Westminster will be 80% loan to value. I have been told by a friend that some lenders still dont accept consent to let borrowers and I may have issues regarding my new mortgage. Am I likely to encounter this problem?
  • Our existing house in Bexley has probably about £120K equity with a home loan with Adam & Company. It's a 3 bed house in a popular location and I think it would rent easily. We are possibly moving for my partner’s work and were considering holding onto the house on as an investment property - would we need to change the loan to a buy to let product or should we apply for consent to let by Adam & Company?
  • I may have the chance to go and work abroad in a couple of years. I am therefore thinking of scaling down to a newbuild property in Hackney which I could rent out more easily when the time comes. I would aim to retain 50% equity in the new flat which would be my home for a while. My current mortgage provider will only give consent to let for a year. I expect to be renting it out longer term and not having consent could land me in a whole host of problems. B2L seems unnecessarily expensive given that I will be living there, perhaps for 2-3 years initially. What type of mortgage should I be seeking, and from which lender? Would, for example, Adam & Company issue consent to let for an open ended period?
  • I have found myself in the accidental landlord scenario and didnt inform Adam & Company. I had to vacate my flat for family reasons, so now live in another part of the country. At first I attempted to sell the flat, but prices were deflated, which meant I was in negative equity. This was a couple of years ago in 2011, which has since seen the property price increase and has given me time to accumulate savings. I am in now in a position where I can now transfer to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Adam & Company that I have been letting without consent to let? I appreciate that I shouldn’t have done what I did, but circumstances backed me into a corner. Any help will be greatly appreciated?
  • Would I be able to remortgage to Adam & Company from my current provider, with a consent to let or do I need a let to buy mortgage, and if so what are the LTV's?
  • I am looking to get consent to let with my Adam & Company residential mortgage. It is a mid terraced house. Will Adam & Company grant consent on this basis? Or would it be regarded as an HMO?
  • I have a mortgage with Adam & Company but would like to lease my house out and move in with my fiance and baby what is required to get consent to let?
  • What, if any, income criteria do Adam & Company set for consent to let on an existing homeowner mortgage?