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

Recently asked questions relating to GE Money consent to lease

  • My better half and I intend to relocate to New Zealandin Month, initially for a little as 9 months but conceivably longer term. I have contacted GE Money to obtain consent to let out my property (we have already found tenants). I have been with GE Money for Six years and there have been no arrears. GE Money inform me, that even if they grant consent to let, that this will be limited consent for a single year. After the year is up what happens next?

  • I currently have a mortgage with GE Money and the LTV is currently 60% with the GE Money current book value and would like to acquire a further property but would like to keep my existing property at the current market value. I have had CTL from NRAM on a previous property so know a bit about them and I also have buy to let with Scottish Widows on another property. Does the expected rental income on a consent to let with GE Money need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • My understanding is that this is a contravention of GE Money terms and conditions of mortgage if I rent out my house having informed that I intend to reside there. The plan is to have the mortgage fully paid off after six years, by which time the property will be unencumbered, meaning I no longer require any consent to let. GE Money advised me I can overpay as little as I like during the lifetime of the mortgage. I know someone who is interested in renting the property. What checks do GE Money do and what are the chances that they are likely to do this? What are the consequences of not getting consent to let? From what I have read there is a possibility of GE Money levying a penalty
  • My husband had a conversation with someone at GE Money on last week regarding consent to let. We are awaiting a returned call. We have put an offer in on a semi detached house that has been accepted in principle so would like to know how likely it is that we will get consent to let from GE Money?
  • I am looking at moving overseas for work and would like consent to let from GE Money whilst I am away. Is the way forward to complete the consent to let form and mail it to GE Money? The point of renting the property isn't to make money but to retain the house in case things don't turn out as well as we hope
  • My GE Money mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then seek consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.
  • I have a mortgage with GE Money. I am thinking of moving out and leasing out my flat. Am I required to obtain consent to let ?
  • My husband and I am looking into the option of leasing out my apartment with consent to let from GE Money whist away travelling for four months