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

Foundation Home loans Consent to Lease Example Support Desk Enquires

  • Hi, I have consent to let my property with Foundation Home loans and am about to give my tenant two months notice as I want to find a buyer. I am concerned about the property being unoccupied once the tenant goes and finding a buyer. I have never missed a payment on the account, would it be possible to take payment holidays until sold?
  • I rented my house out for three years between 2009-2012 while working Amsterdam. I have a letter dated May 2010 from the building society granting consent to let. In the letter it explicitly states that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was issued. I now plan to move house and rent out my existing house. However, my financial advisor has suggested that the 2010 consent to let letter may not be sufficient for the new lender Foundation Home loans for the property I intend to purchase.Can this be right
  • My partner and I are intent on acquiring a property, renting two of the bedrooms out in order to cover the mortgage with Foundation Home loans, and then moving on in two or three years - when the property would be entirely let. Is it likely that Foundation Home loans would frown upon this as I will have been given a domestic mortgage rather than a B2L or consent to let? I've heard that the worst case scenario is that they can sue for mortgage fraud, is this true?
  • I are looking to rent out our two bedroom second floor purpose built flat in Croydon in Feb. I would like some guidance on what I need to do. I've just moved our Foundation Home loans mortgage to a fixed term and just need to understand the process and what information I'll need to get consent to let.
  • My OH and I have already let but only just dawned on us that Foundation Home loans should've been informed and consent to let sought - what's the best course of action now?
  • My marital situation has changed, and I wish to let my property out - meaning consent to let- I have approx £140K loan with Foundation Home loans and currently 100k equity I need to side-step the redemption penalties.
  • Do you know whether Foundation Home loans will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would Foundation Home loans let me raise capital based on the rental income ?
  • I have a standard mortgage with Foundation Home loans which is only 6 weeks in but I have been relocated with my job. Is it possible to obtain consent to let from Foundation Home loans for a mortgage that has only recently started and I have just purchased the property?