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.

Capital Home Loans consent to let: Q and A’s

  • I'm presently stuck in a rental contract until June and am buying an apartment. Would my lender Capital Home Loans object to granting consent to let until my tenancy ends and then moving in?
  • I have a house in Tower Hamlets but I am moving with my girlfriend to a different town for career reasons and moreover near her university. My preference is to keep my property but it is unlikely that I can afford a BTL rate. It will only be short term -3 years until my girlfriend has finished University and I can sell, or move elsewhere. My mortgage is with Capital Home Loans. Do you think they will grant consent to let?
  • I have a current mortgage contract with Capital Home Loans and need clarify if it would be possible to seek consent to let out our garden flat in Brent.

    The reasons(s) for wishing to lease out the property are as follows: -

    • My family and I will be relocating to Hong Kong in January.
    • In renting out the property this will enable us to make some savings to support the migration process.
    • It would be pointless from a fiscal point of view to redeem the mortgage for a property which we are not residing in and by leasing out the place this would be viewed as an ongoing investment.

    If Capital Home Loans granted permission to us for renting we would suggest some financial commitments to include: -

    • Maintain paying the monthly mortgage payment by direct debit.
    • Instruct an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our forwarding address for when we move.
  • I would like to let my one bed flat out from the end of June next year as I will be going for a few months. I have a residential mortgage with Capital Home Loans. I will not be letting for more than four months. Most likely it will be 4-5 months. It has been suggested that I get permission from my freeholder first? Please can you suggest what I should be doing in what order?
  • If I am tied into a fixed rate with Capital Home Loans but am deliberating on letting out my property, is there a fee for consent to let from Capital Home Loans and does the interest rate alter?
  • I have a consent to let letter that I have procured from my management company. I presume I need to attaching this with a letter to Capital Home Loans with a view to securing consent to let from them. What address shall I mail it to?
  • My husband and I would like to lease out my house to be nearer to my son’s uni and look after of my father. How long will the consent to let take to get from Capital Home Loans? a month?
  • I have fixed rate mortgage with Capital Home Loans. I am going have to let out my place due to necessity. If I apply for consent to let, will I have to pay a lot more interest?