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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 let: Q and A’s

  • My wife and I have a Foundation Home loans mortgage and are have made overpayments to bring the loan amount down, both employed etc. Can you tell me how much it will cost and if Foundation Home loans usually grant consent to let without transferring to a commercial rate?

  • I have a residential mortgage over my residence in loc and intend to move to country for two years. During this time it would be ideal if I could lease out my flat. My mortgage provider has declined to grant me consent to let. It’s hardly ideal to move to a buy to let mortgage as it’s only a short term option that I am going away for.

  • me and my wife have just sorted our rates for another fixed five years with Foundation Home loans. Subsequently, I attended an interview and basically I accepted the job offer in Westminster. I'm going to rent a one bed flat for me and my family in Hillingdon as we don't wish to sell the house and moreover we might come back within a couple of years.... We really don't know whether it will go. We called Foundation Home loans but we would like also your take on the situation. How is it to obtain consent to let in that case as we just got a fixed 5 years rate we would not want to swap this.
  • We have a flat in Newham which we purchased as a new-build approximately twelve years ago. As childen are growing up we are looking for more space. We've found a house in Harrow that we would like to buy and want to keep the flat as an investment to rent out. The mortgage is with Foundation Home loans and we've found a tenant who will pay rent in excess of the monthly mortgage amount. The question is, can we retain the repayment mortgage with Foundation Home loans so we effectively paying off our loan on the flat or do we have to move it to a buy-to-let product?
  • Due to job opportunities I will be moving to Scotland and would like to let out my flat temporarily, are you able to confirm what steps I need to take in order to achieve consent to let from Foundation Home loans?
  • My wife and I want to let our house out and use the rental income to pay rent on a house in Newham. How likely are we to be given consent to let by Foundation Home loans without being forced onto a BTL product.
  • My wife and I may want to lease our home temporarily due to a new job. This will be for a limited period but no more than twoyears. Should I tell Foundation Home loans or do I keep my head down?
  • About to remortgage my home but will likely be moving out in the next year and would be looking to lease it out. How quickly can you get consent to let from Foundation Home loans?