Consent-to-let Help for Foundation Home Loans

Top Five Questions relating to Foundation Home loans consent to lease

• I have a Foundation Home loans mortgage with my twin and want to leave and get a new mortgage with my partner. How would I go about taking in a lodger? Is consent to let necessary from Foundation Home loans? My twin will remain in the apartment
• I have a current mortgage contract with Foundation Home loans and need clarify if it would be possible to obtain consent to let out our garden flat in Hillingdon.

  The purpose for wanting to rent out the property are as follows: -

  • My wife and I will be relocating to Cape Town early next year.
  • In letting out the property this will facilitate savings to support the migration process.
  • There is little merit from a monetary point of view to pay outright for a property which we are no longer living and by leasing out the property this would be deemed as an ongoing investment.

  If Foundation Home loans granted permission to us for renting we would suggest some financial commitments which are as follows: -

  • Maintain paying the monthly mortgage payment directly from my bank account.
  • Instruct an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Supply our forwarding address for when we emigrate.
• I remortgaged with Foundation Home loans recently, borrowing extra with the intention to extend the property. That plan has proved not to be possible and I now intend to purchase a 2nd property for residential purposes and let the existing property out with consent to let. Is that likely to land me in a lot of bother?
• I have a question concerning consent to let. I have a Foundation Home loans mortgage on my property (with fair amount of equity). I want to buy and live in a second house but keep my old house and rent it out. How can I fund a second mortgage without selling my old property and using the equity as a deposit for the new property. Is there anyway I can change my old mortgage to a buy to let mortgages or obtain consent to let and take on a second mortgage without having a deposit to put down.
• How simple is it to obtain a consent to let from Foundation Home loans and what are the fees? If I want to let out my property for a few months how simple is it to chop and change between a residential mortgage and consent to let?
• My existing mortgage is with Foundation Home loans, but I will soon to need move out for approximately a year as we need to be closer to my partner's mum and dad. Will Foundation Home loans give consent to let?
• My husband and I are interested in understanding the Foundation Home loans consent to let process and prerequisites for granting.
• I am after further information in relation to consent to let home loans, potentially switching our current mortgage with Foundation Home loans over to a consent to let one.