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.

Foundation Home loans Consent to Lease Example Support Desk Enquires

  • I have a garden flat but I am rarely there, deliberating the option of renting it out. The mortgage is with Foundation Home loans, would I have to switch my mortgage rate or ought I apply for consent to let?
  • We are in need of a larger house so our children don't have to bunk together. We are thinking about buying another house in the near future. The house is estimated to be worth £185k and we have about £65k left to pay on the Foundation Home loans mortgage. We would prefer to keep this house if possible and let it out with consent to let. Can you have a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • In 2001 I was given permission by the local authority and my mortgage provider Foundation Home loans to convert a small barn into a granny annex, conditional on it not being disposed of separately from my house. My parents died some years ago and I would now like to lease it out with consent to let from Foundation Home loans. Do you think this can be obtained?
  • I have been leasing my flat to a tenant for two years but not on a BTL mortgage because I thought that you only needed a buy to let if you had more than one mortgage. In trying to buy a second property, I found that I should have obtained consent to let at the outset from my lender Foundation Home loans. I'm wondering whether I can now ask Foundation Home loans for a consent to let?
  • Are you aware of any discretion in the accepted equity ration before transferring from an existing Foundation Home loans mortgage to a consent to let?
  • Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some people to exploit?
  • I would like to find out more about how to get consent to let on a property. In particular what is the procedure for consent to let if you have a domestic mortgage with Foundation Home loans
  • Will Foundation Home loans issue consent to let my house? I currently have a residential mortgage, never had arrears and have been with Foundation Home loans for a little under five years now. What costs am I likely to face