Consent-to-let Help for Intelligent Finance

Common questions relating to Intelligent Finance consent to lease

• Please explain "consent to let" to me? I live in a 1 bed apartment and its in good condition. It has been on with agents for two months and I am struggling to sell. This is because my neighbour is a drunk and assaulted me last year. I have had to mention it on the disclosure form. I am with Intelligent Finance on a fixed rate. It has been suggested to me that I should obtain consent to let from Intelligent Finance and lease the flat for a year or two.
• We have an existing mortgage with Intelligent Finance and wish to clarify if it would be possible to seek consent to let out our one bed flat in Hounslow.

  The reasons(s) for wanting to rent out the property are are due to: -

  • My wife and I will be moving to Melbourne next spring.
  • In letting out the property this will facilitate savings to support the migration process.
  • There is little merit from a financial perspective to pay outright for a property which we are no longer residing in and by leasing out the place this would be deemed as an ongoing investment.

  If Intelligent Finance agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

  • Continue to pay the monthly mortgage payment by direct debit.
  • Instruct an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Provide our contact details for when we move.
• I vacated my flat about 4 months ago but didn't get around to get a consent to let letter, mainly because the mortgage fix rate period is ending in six weeks and I am considering a remortgage anyway. I want to ask for the letter now, is that going to be a problem?
• My fiance and I might have to rent out her flat, and I have a query concerning getting consent to do so. I know I need to notify Intelligent Finance and get a consent to let or move across to a buy to let product. Given that the property is leasehold do we need consent to let from the freehold company?
• I am going away for work for as long as twelve months... I was wondering if I was able to gain from Intelligent Finance consent to let the property out while overseas as I do not want to leave it unattended for that period
• Am I required to get consent to let if I rent to a family member (in my situation my brother now lives there and contributes towards the Intelligent Finance mortgage)?
• I would like details of how to go about obtaining consent to let from Intelligent Finance and what, if any, cost apply.
• Please could you shed light what the procedure would be if we purchased a second property and need to apply for consent to let for our existing mortgage with Intelligent Finance