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

Better HomeOwnership consent to let: Q and A’s

  • I am a first time buyer hoping to complete on a 2 bedroom house in Better HomeOwnership. I have a healthy deposit and expect a mortgage from Better HomeOwnership. My concern is that my fiancee owns a flat in Nuneaton and I can foresee myself moving in next month, when I would want to let out my house. I I know that consent to let is needed but it does not sound like a guaranteed option. Is there any advice you can impart?

  • What is the procedures for obtaining consent to let from Better HomeOwnership? What evidence do they require? is there a fee to pay? How long the consent is valid for? Do I need to renew it every year? What if I obtain a consent but decide not to rent the property out?
  • I acquired a property in 2006 with the help of a housing association, I own 50% via mortgage and rent the remaining half. In early 2014 I purchased a new home. I let out my first house and moved to my new home. I obtained consent to let from my mortgage company and I believed I had consent to let from the housing association. Yesterday I had a phone call from the housing association advising they had nothing on record to evidence I had their consent to sublet. What are my options?
  • My fixed deal runs out June 2017 and I'm planning on fixing for a further 4 years with Better HomeOwnership, hopefully rates will still be low. In two years time I may wish to move temporarily to a different city. How difficult is it to get consent to let from Better HomeOwnership under this situation? Assuming that monthly rent payments would be about £250 higher than the Better HomeOwnership mortgage payments.
  • How simple is it to get a consent to let from Better HomeOwnership and what will it cost me? If I want to let out my property for two months how easy is it to chop and change between a standard mortgage and consent to let?
  • I would like to find out what information I should include in a letter requesting consent to let my house in Bromley? I would like to send a request to my mortgage provider Better HomeOwnership.
  • I currently have a residential mortgage with Better HomeOwnership and plan on letting due to work being based in Manchester. In seeking consent to let from Better HomeOwnership do I run the risk of them forcing me to change deal to buy to let
  • Me and my husband may need to lease our home temporarily due to a new job. This will be for a limited period but no more than threeyears. Should I tell Better HomeOwnership or it is wise to keep quiet?