Need Help?

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.

Top Five Questions relating to Hodge Equity Release consent to lease

  • I have a Hodge Equity Release mortgage and have been letting out the property without consent to let, which I am now led to believe means I am in contravention of my mortgage contract. I suspect that they have found out that I am not living there. What negotiating options do I have if I don't sell it before they are on notice that I have breached my conditions?
  • I have had a home loan with Hodge Equity Release for 1999. My divorce went through months ago put the property in my name by transfer of equity. My situation has changed, I would like to retain my house but live with my new partner, leasing my house out. It has been suggested by my mortgage advisor that I can ask for a consent to let from Hodge Equity Release instead of a buy to let mortgage as I haven't purchased the house with the intention of letting it out, advice please?
  • My fiance and I are planning to make use of equity in my existing house to acquire an additional property which I propose to live in whilst I do it up. My preference is to rent my existing property with the Hodge Equity Release homeloan. I was just seeking a general view on whether Hodge Equity Release currently allows consent to let? House is valued at £450 k with a £200k mortgage in place.
  • My wife and I are planning on purchasing a house, renting two of the rooms out in order to cover the loan with Hodge Equity Release, and then moving on in two or three years - when the property would be entirely rented. Is it likely that Hodge Equity Release would look at this unfavourably as I will have been issued with a domestic mortgage rather than a B2L or consent to let? I've read that in extreme situations they can repossess the property, is this an exaggeration?
  • My wife and I are interested in finding out more about the Hodge Equity Release consent to let process and conditions for granting.
  • We are close to purchasing a flat and plan to live in it once we have refurbished but we may need to let the property out but not sure what the rules are on consent to let from Hodge Equity Release? We don't require a buy to let mortgage because we are not certain if we will need to let it out at all
  • Hodge Equity Release - consent to let potential. Can you advise on the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
  • Do you have the address to which a Consent to Let request to be sent for Hodge Equity Release? Sorry about bothering you with this query.