Need Help?

Need professional advice for your consent to let with Capital Home Loans? 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 Capital Home Loans consent to lease

  • I was thinking of renting out my apartment and make money from it while I am on holiday. It’s only for ten days. Will consent to let be needed from Capital Home Loans?

  • I have a current mortgage contract with Capital Home Loans and need clarify if it would be possible to gain consent to let out our garden flat in Camden.

    The reasons(s) for needing to find tenants for the property are are due to: -

    • My wife and I will be moving to India in 3 months.
    • In letting out the property this will facilitate savings to help the migration process.
    • It would be pointless from a financial point of view to redeem the mortgage for a property which we are no longer living and by letting out the property this would be considered as continuing investment.

    If Capital Home Loans agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment by standing order.
    • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Supply our forwarding address for when we relocate.
  • Am I obliged to inform Capital Home Loans of my plan to rent a room out to a lodger. I have two spare rooms that could be used by lodgers and I was thinking that as the occupancy remains in keeping with that of the 'family' use of the property it might not require consent to let. Can you shed any light on this? I am taking independent advice on the insurance, legal and tax ramifications.
  • Need some help regarding leasing a property and consent to let. In the coming months I plan to move in with my other half. The council would like to rent my flat for five year commitment with rent and service charges covered. The mortgage is with Capital Home Loans. Please help
  • Do you know if I can retain my existing residential mortgage with Capital Home Loans if I start renting out? If the consent to let is granted will they tie me into an increased rate?
  • My partner and I have a mortgage with Capital Home Loans but am told they have a stipulation that they will not give consent to let the property to a local authority. Is this correct and if so, is there a method to bypass this?
  • Do you know if there is usually a maximum LTV before Capital Home Loans will consider consent to let?
  • What are the implication if a borrower has already let the property for some years as an HMO and now wish to legalise the situation with Capital Home Loans by obtaining consent to let ? (assume Capital Home Loans had in the past issued a residential mortgage previously)