Need Help?

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

Common questions relating to Bluestone Mortgages consent to lease

  • I have recently let out my garden flat and have gained a Consent to Let with my bank. Half a year has now elapsed and they have loaded my repayment percentage as previously advised. I am unwilling to port to a more favourable product with them, as they will revoke my consent to let. Were I to go with another provider for instance Bluestone Mortgages, would I be required to get a BTL mortgage or could I just remortgage and gain consent to let?
  • I remortgaged with Bluestone Mortgages recently, borrowing extra with the intention to extend the property. That plan has proved not to be possible and I now intend to purchase a further property as my main home and rent the old property out with consent to let. Is that likely to result in me stitching myself up?
  • I own a home that's presently under shared ownership (My share is 60%) and I bought it in Aug 2013. I plan to go through the full purchase of the house. My partner and I also have in mind a second house that we are looking to buy. Mortgage in principle has been approved by Bluestone Mortgages. I would like to know that I will be able to put the existing house through consent to let as soon as the remainder share has been purchased so, that we can start the process of buying the new home
  • My understanding is that this is a contravention of Bluestone Mortgages mortgage policy if I let out my flat having indicated that I intend to live there. The intention is to repay the home loan after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Bluestone Mortgages advised me I can overpay as little as I like during the lifetime of the mortgage. I know someone who is interested in renting the property. What checks do Bluestone Mortgages do and what are the chances that they are likely to do this? What are the repercussions of not seeking consent to let? From what I have read there is a possibility of Bluestone Mortgages changing my loan onto a BTL mortgage
  • Do you specifically deal with enquiries regarding Bluestone Mortgages or all of them?
  • I'm gathering some information on whether consent to let is something available to me? We have a Bluestone Mortgages mortgage and are thinking of renting the property out for a couple of years, but cannot really afford to change to a buy to let rate. The estate agent mentioned something about a content to let
  • Bluestone Mortgages - consent to let potential. Can you advise on the process with this lender? Do they have a minimum period prior to changing and is it possible that I would be required to make a cash injection to reduce the LTV?
  • I am currently in the process of getting a mortgage through Bluestone Mortgages - There is a likelihood that in the coming months I may decide to let out the property - how would I change the 1st time buyer mortgage to a buy to let mortgage?