Need Help?

Need professional advice for your consent to let with Fleet 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: Fleet Mortgages consent to let

  • Last September my husband and I bought our council home, in Southwark,recently valued at £220k. It's completely paid for from our own finances, and we never had a mortgage. We can't sell (without repaying back a significant amount of the discount) before 5 years have passed. Regardless, we want to keep it as a investment property to rent out. We are considering taking out a mortgage with Fleet Mortgages. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. is this something you can help me with?
  • I would like to explore if I can get consent to let on my current apartment. I have a mortgage with Fleet Mortgages but my situation has changed. I'm looking to move in with my partner and daughter who have a house and is larger than my small property. I am unlikely to qualify for a buy to let loan as I don't have money for a deposit nor do I earn more than £25000 per annum.
  • We have an existing mortgage with Fleet Mortgages and need clarify if it would be possible to receive consent to let out our ground floor flat in Southwark.

    The rationale for needing to lease out the property are are due to: -

    • Me and my wife will be moving to Cape Town in January.
    • In letting out the property this will facilitate savings to help the migration process.
    • There is little merit from a financial perspective to pay outright for a property which we are no longer living and by renting out the home this would be viewed as continuing investment.

    If Fleet Mortgages granted permission to us for renting we would propose some financial assurances to include: -

    • Continue to pay the monthly mortgage payment by standing order.
    • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our forwarding address for when we emigrate.
  • I have a homeowner mortgage on a garden flat in Ealing but have rented it out without making Fleet Mortgages aware of this. I now need a consent to let letter. How can I get one?
  • I'm gathering some information on whether consent to let is something available to me? We have a mortgage with Fleet Mortgages and are thinking of leasing the property out for two years, but cannot really afford to switch to a buy to let mortgage. Is consent to let a viable option rather than to switching to a buy to let rate?
  • We are soon to change lender to Fleet Mortgages for a fixed rate but during this period will need to rent the property out for approximately 12 months. Do Fleet Mortgages consent to let on fixed rate mortgages and if so, what are the procedures.
  • I am currently remortgaging and looking at flexibility of certain lenders when it comes to consent to let. Fleet Mortgages is one of the mortgage companies I am thinking of going with. How accommodating are they are far as consent to let is concerned?
  • What, if any, income criteria do Fleet Mortgages set for consent to let on an existing domestic mortgage?