Need Help?

Need professional advice for your consent to let with April Mortgages? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Top Five Questions relating to April Mortgages consent to lease

  • I have a one bed flat in Southwark let out which has a fifty year lease. Mortgage adviser said I should remortgage (currently with April Mortgages) as a buy to let instead of consent to let and release 45-55k which on top of a new mortgage based on income multiples would give me a budget of £210k. Not much about in Enfield for me to buy my own property. To extend the lease will be approximately 21k. Should I keep or sell the flat?
  • Is it legal to let out our house minus consent to let from our lender? I recognise that at the time we signed a form saying it wouldn't be a buy to let property and that we don't own other property. I know you can't use H2B if you owned other premises at the time, but what about property thereafter? Can one purchase a further property, or inherit a property?
  • Last month I received consent to let on a homeowner loan with April Mortgages with the intention of switching to a B2L rate when the fixed term ends within the six months, so I'm uncertain if this complications to the issue! Any information gratefully appreciated.
  • We are in need of a larger house so our children don't have to bunk together. We are thinking about buying another house in the near future. The house is estimated to be worth £155,00 and we have about £55k left to pay on the April Mortgages mortgage. We would prefer to keep this house as an investment property and let it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • My wife and I want to let our house out and use the rental income to cover the rent on a house in Brent. How likely are we to be given consent to let by April Mortgages without being forced onto a BTL product.
  • Please could you shed light what the procedure would be if we purchased a second home and need to get consent to let for our existing mortgage with April Mortgages
  • I need to contact April Mortgages to enquire about letting out my apartment. Do they send an application to me. Is there a form I can download?
  • What happens if a borrower has already leased out the property for a number of years as an HMO and now want to legalise the situation with April Mortgages by getting consent to let ? (work on the basis that April Mortgages had previously granted a residential mortgage in the past)