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Need professional advice for your consent to let with Habito? 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 Habito consent to lease

  • My husband and I purchased a garden apartment in 2011 for just under 200,000 with Habito. I got married to someone in the forces so moved in to married quarters in Cyprus and now wish to apply for consent to let from Habito. Will they give permission?

  • I previously got consent to let from Habito in 2011 but failed to need it and subsequently refinanced with a new mortgage provider. I recently asked for consent to let. I was informed that it would be forthcoming since their requirements were met. I have now received a letter advising me that I need to supply a letter from the DWP indicating that that are aware of my current situation before they can issue consent. They said this is policy but I have not been able to find these conditions on their site. I did complain about the insinuation that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £35 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to discontinue claiming
  • I want a bit of precautionary guidance to see consent to let is a sensible option. I completed the purchase of my apartment 7 months ago by transferring an existing Habito mortgage product. My fixed rate ran out three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Habito, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to move to a B2L mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to raise extra capital to meet the 65% LTV ratio required for a BTL loan. It would be preferable to get a consent to let from Habito for 1-2 years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, move back to it.
  • I have a owner-occupier mortgage coming up for renewal with Habito. I have had the house rented out for two years and I think I should come clean to Habito. I understand that I can request consent to lease, but given that the property has already been let out could they deny - insist I switch a BTL rate and issue a penalty? I have over 45% equity in the house - and the rent will more than cover the mortgage.
  • It would be helpful to know if on the balance of probabilities Habito will give consent to us letting out our home in Croydon
  • I'm thinking about letting my property on a domestic mortgage with Habito what is the procedure for getting consent to let?
  • If I am tied into a fixed rate with Habito but am considering letting out my property, is there a charge for consent to let from Habito and does the interest rate increase?
  • Do you know if I can keep my existing residential mortgage with Habito if I start renting out? If the consent to let is issued will they tie me into an increased rate?