Need Help?

Need professional advice for your consent to let with Intelligent Finance? 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: Intelligent Finance consent to let

  • I am a FTB looking to purchase a 2 bedroom house in Intelligent Finance. I have a 50% deposit with a mortgage from Intelligent Finance. My dilemma is that my girlfriend owns a apartment in Nuneaton and I anticipate moving in next year, when I would have to let out my property. I have heard of consent to let but it does not sound like a positive outcome is assured. Is there any advice you can impart?

  • I had a chat with a mortgage broker friend last month. She said that were I to decide to move abroad with my job for a period then I should not apply for consent to let from my lender (Intelligent Finance) until at least 2 weeks before I plan to rent out the property. Am I to understand that I have to find a tenant first and then obtain a consent to let?
  • I have just come off the phone to Intelligent Finance and they tell me that they are now aware that I am letting out the garden flat even though it is on a domestic mortgage. I had to move a couple of years ago for work reasons, was unable to sell and was left with little choice to let out the property. Are you able to advise me on the connotations may be for me not seeking consent to let?
  • Me and my OH have a flat in Croydon which we purchased as a new-build about seven years ago. As the family is growing we are looking for a larger home. We've found a property in Wandsworth that we're going to buy and want to keep the flat as an investment to rent out. The mortgage is with Intelligent Finance and we've found a tenant who will pay rent which more than covers the monthly mortgage payment. The question is, can we keep the repayment mortgage with Intelligent Finance so we effectively paying off our loan on the property or must we to switch to a buy-to-let mortgage?
  • This is not a question specific to Intelligent Finance but do lenders generally supply the information I need for my Buy to Let or Consent to Let self-assessment tax returns?
  • I currently have a mortgage with Intelligent Finance that I would like to transfer to a consent to let as we have identified another property we are looking to purchase. What is the procedure for consent to let?
  • Am I required to negotiate consent to let if I rent to a family member (in my case my father now lives there and contributes towards the Intelligent Finance mortgage)?
  • I have a standard mortgage with Intelligent Finance which is only 6 weeks in but I have been relocated with my job. How easy is it to obtain consent to let from Intelligent Finance for a mortgage that has only just commenced and I have just purchased the property?