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Need professional advice for your consent to let with Hodge Equity Release? 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: Hodge Equity Release consent to let

  • Jennifer (my wife) and I may need to let our Barnet home for a while due to a new job. This will be for a limited period but possibly for as long as seven years. Should I tell Hodge Equity Release or do I not rock the boat?

  • Existing residence valued at £150k. Hodge Equity Release mortgage owing £32k with 8 years to run. Seek consent to let via Hodge Equity Release for current premises and utilise income to pay off what is left of the loan. Apply for sixty % Hodge Equity Release loan on new flat that becomes my primary address? Can this be done?
  • Following retirement last month I acquired a “retirement home” for my wife and myself to move to. We would like to let our current property to our nephew and I have consequently contacted Hodge Equity Release for consent to let. What are the chances of this being granted?
  • Last month I got married and my wife and I would like to buy a family home in the coming year, whilst keeping our two bedroom first floor purpose built maisonette in Hackney we currently live in to rent out. Mortgage on the flat is with Hodge Equity Release. I don't want to put myself in a situation with two residential properties and then be refused consent to let.
  • I took a domestic mortgage with Hodge Equity Release - about 28% equity. I am considering relocating due to a promotion and enquiring whether consent to let would be given so I could lease out the property?
  • Hodge Equity Release - consent to let potential. Are you able to advise on the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
  • I would like to know if I have a normal mortgage with Hodge Equity Release and decide to rent it out, does the rate get loaded and are there any additional fees for applying for consent to let.
  • I want to get consent to let from Hodge Equity Release for two years until I can move onto a buy to let. Is this feasible