Need Help?

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.

Sample questions relating to Foundation Home loans consent to let

  • I have had a current mortgage with Foundation Home loans approaching 18 months and the fixed rate is due to be renegotiated. We are considering releasing equity out of our current property to allow us to acquire a more substantial house and then rent out the current garden flat. The initial advice we received was that we will look for a new residential mortgage allowing for consent to let - what does this mean?
  • I appreciate the GGT connotations of switching a Foundation Home loans mortgage to consent to let, but what about the ongoing rental revenue vs outgoings? Say I changed my former owned garden flat into CTL and vacated and pay rent elsewhere. Is there any way to deduct the rent I am paying from the rental revenue?
  • What is the maximum period of time allowable to Foundation Home loans that I would be able to let my property without having to switch mortgage or sell my house? In short, my partner has asked me to move in with him and I really want to hold onto my house. I would like the fallback of knowing I still have my own property.
  • Our present property in Bromley has probably about £120K equity with a mortgage with Foundation Home loans. It's a 3 bed house in a popular location and I think it would rent easily. We are possibly moving for my husband's work and were thinking of keeping this house on as an investment property - would we need to change the mortgage to a buy to let product or can we get consent to let from Foundation Home loans?
  • My fiance and I purchased a property in London with Foundation Home loans and am moving to rent a property in Somerset due to work. Is consent to let from Foundation Home loanspossible? I only want to let out the flat for six to nine months before selling.
  • If I am tied into a fixed rate with Foundation Home loans but am thinking of letting out my property, is there a fee for consent to let from Foundation Home loans and does the interest rate get uplifted?
  • I have a residential mortgage with Foundation Home loans, and I would like to let the property out, until I decide whether to sell or retain it as an investment. As things stand I am on the standard variable rate. Will I need to move onto a new mortgage? I.E. buy to let?
  • My partner and I am looking into the option of letting out my property with consent to let from Foundation Home loans whist away travelling for a couple of months