Need Help?

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

Examples of recent questions relating to Gen H consent to let

  • Is consent to let needed from Gen H or can I lease out my new house without telling Gen H and having to switch to a B2L loan?

  • I am a first time buyer in the process of attempting to acquire a flat. However I am potentially also going to be moving abroad in the near future. I have mentioned this to my financial adviser who has informed me as long as nothing has been signed or confirmed you can go ahead and apply for a residential mortgage with Gen H. Once that's complete if it transpires that I need to move abroad he said can apply for a consent to let from Gen H. How would the property be treated for CGT purposes? From what I can tell there is some sort of tax relief if you have had to vacate your property to move abroad for work. is that right?
  • We are currently in Melbourne and leasing out our flat in the UK. This is not something we planned but an opportunity presented itself and we took it. The rent received on the flat is insufficient to cover the mortgage so we transfer funds each month to make up the difference. Earlier today I got a letter in the mail from our lender informing me that as the property is being let out and has been for almost two years we will have to pay 1.5% interest on top of our current mortgage rate. One option is to sell the flat but this will not be easy as I am so far away. Could we remortgage with Gen H and get consent to let?
  • I acquired my one bedroom apartment in Hillingdon last June and have a two year fixed rate mortgage with Gen H. Looking to move in with my partner within the next 6 months and would like to lease out my property. Would like to be better informed as to the process.
  • I am considering moving abroad for work and would like consent to let from Gen H whilst I am away. Is the way forward to complete the consent to let form and mail it to Gen H? The point of renting the property isn't to make money but to retain the house in case things don't work out
  • How do I go about getting a consent to let from Gen H? Are there specific requirements such as you have to live in the property for over 6 or 12 months before its issued?
  • What, if any, income criteria do Gen H set for consent to let on an existing standard mortgage?
  • How likely is it that Gen H force me into a consent to let product whilst in a fixed rate product for 2 years?