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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.

Recently asked questions relating to Hodge Equity Release consent to lease

  • I have to move my daughter’s school by mid-August and move to a different area. I don't have time to sell my house.The only way I can see of doing it is to let my house out. Currently I have buildings and contents insurance. Do I need different insurance? Do I need consent to let from my mortgage provider Hodge Equity Release
  • How likely are Hodge Equity Release in granting Consent To Let on a ground floor flat? It is currently on the market and it has been for a couple of weeks. I am keen to sell but I'm anxious that if there is no interest I will need to let out the property in order to cover the mortgage to Hodge Equity Release (I do not now live at the address). I would prefer to be open with Hodge Equity Release than keep them in the dark but I am worried as to how understanding they would be.
  • I have a Hodge Equity Release mortgage on a flat I own, in Lewisham. This year, due to a change in my circumstances I decided to let out this apartment, and rent a house in a different area within same loc. The personal circumstances that changed is that I started cohabiting with my partner, and the flat is too small for us. I do not want to try to dispose of the flat because the current market value is significantly lower than when I acquired the property eight years ago. I wrote to Hodge Equity Release for a consent to let which was turned down as they felt that I wanted to invest in the flat. The whole process was very confusing. There is a sense of urgencyas there is a prospective tenant waiting for this consent to let and could withdraw.Many thanks
  • I have a standard mortgage coming up for renewal with Hodge Equity Release. I have had the house let out for a few years and I now realise I should come clean to Hodge Equity Release. I understand that it is possible to request consent to lease, but bearing in mind that the property has previously been let out could they deny - force me to transfer to a BTL rate and issue a penalty? I have over 50% equity in the property - and the rent will more than cover the monthly loan payments.
  • I’ve already been told to write a letter to Hodge Equity Release to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • I would like to rent out my home. Do I simply mail a letter to Hodge Equity Release requesting consent to let out the property?
  • Am I required to wait for consent to let to be issued on my prevailing domestic mortgage with Hodge Equity Release before applying for a resi mortgage on a second property?
  • My Hodge Equity Release mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then apply for a 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.