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

Questions and Answers: GE Money consent to let

  • My husband and I were intending to buy a one bedroom apartment with a £20,000 down payment with the aim of moving in. However in the next two years the in-laws plan to move abroad If we were to proceed with a residential mortgage with GE Money would we likely encounter any issues with switching to consent to let ?
  • Two years ago my wife and I bought our council home, in Wandsworth,recently valued at £220k. It was paid for in full from our own finances, mortgage fee. We are prohibited from selling (without penalty of losing some of our discount) before 5 years have expired. Regardless, we wish to retain it as a investment property to let out. We are considering taking out a mortgage with GE Money. If GE Money refuse are there lenders that might be amenable and grant consent to let?
  • Me and my fiance are presently twelve months into a year fixed rate mortgage with GE Money. Ideally we would like to purchase a more substantial 2nd property in the coming months however would like to keep the first property and I was wondering what reason we could put down on the consent to let application to obtain consent to from GE Money
  • We have a self certified mortgage with GE Money that we are having problems receiving consent to let as a result of being in New York and renting out the apartment from 2010 without their consent which we did not know was required. We have a 50% LVR and have been making overpayments of £500pm for five years so there are no arrears. We would happily switch onto a BTL rate with GE Money at an increased rate however that has not been offered to us.
  • I am considering moving in with my girlfriend but would rather not to sell my flat. What is the process for seeking consent to let from GE Money, and how likely is it that this will be obtained?
  • I wishing to obtain consent to let for my flat as I am moving out for 6 months currently fixed GE Money mortgage with two years which is due on May next year.
  • Am I required to obtain consent to let if I rent to a family member (in my situation my Dad now lives there and contributes towards the GE Money mortgage)?
  • What are the changes that GE Money force me into a consent to let product while I'm in a fixed rate product for twenty four months?