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Need professional advice for your consent to let with ASTRA mortgages? 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: ASTRA mortgages consent to let

  • I intend to let out my flat to some tenants who have asked me for a copy of my ‘consent to let’ from ASTRA mortgages, my mortgage lender. Is this normal?

  • I purchased a house 3,two years ago in Newcastle when I worked locally. I got a new job which requires working in Wimbledon. I commute down on Sunday morning and live with a family member mid week. I decided onmoving home to avoid the commute. I am exploring the possibility of renting out my current home. My mortgage is with ASTRA mortgages, would I have to move onto a new mortgage rate or ought I apply for consent to let?
  • I am three years into a five year fixed term mortgage and have accepted an overseas job so would like to let my flat for two years. My LTV is in the region of 65%. Are you able to clarify whether ASTRA mortgages will load the interest rate for consent to let for a couple of years?
  • A few months ago I let out my garden flat having obtained Consent to Let with my building society. Half a year has now gone by and they have increased my interest rate as forewarned. I cannot swap to a preferable product with them, as they will revoke my consent to let. If I was to go with another mortgage provider for instance ASTRA mortgages, would I be required to get a Buy To Let mortgage or could I just remortgage and secure consent to let?
  • My lender wont issue consent to let without a move in date confirmed with a tenant. How can I confirm this without consent to let? I am not certain but I think my friend had a similar issue with ASTRA mortgages.
  • How simple is it to obtain a consent to let from ASTRA mortgages and what does it cost? If I want to let out my property for a couple of months how easy is it to fluctuate between a normal mortgage and consent to let?
  • How likely is it that I can retain my current residential mortgage with ASTRA mortgages if I start renting out? If the consent to let is issued will they load the interest rate?
  • I have a domestic mortgage with ASTRA mortgages which is only seven weeks in but I have been moved abroad with work. Is it possible to get consent to let from ASTRA mortgages for a mortgage that has only just commenced and I have just bought the property?