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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.

Intelligent Finance consent to let: Q and A’s

  • Is consent to lease required from Intelligent Finance or can I lease out my new house without telling Intelligent Finance and being forced to convert to a B2L mortgage?

  • I purchased a house three years ago in Sunderland when I worked locally. I got a promotion which involved working in Watford. I drive down on Sunday afternoon and live with a cousin during the week. I am now thinking of relocating with the family to avoid the commute. I am considering the option of renting out my current home. My mortgage is with Intelligent Finance, would I have to change my mortgage rate or do I try to get consent to let?
  • I spoke to a mortgage broker friend last recently. He 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 mortgage provider (Intelligent Finance) until at least 2 weeks before I plan to rent out my house. Does that mean I have to find a tenant first and then obtain a consent to let?
  • I would like to let my current house and want to purchase a bigger house for the family. I have a two year fixed mortgage with Intelligent Finance. On the basis I get the consent to let as I understand banks are more than likely to push me towards getting BTL mortgage when the fixed term comes to an end. Could I remortgage after two years with an alternative lender? Will it have to be buy to let mortgage and not a residential mortgage?
  • Is there a maximum period that Intelligent Finance is willing to grant me the Consent To Let for?
  • I am looking at moving abroad for work and would like consent to let from Intelligent Finance whilst I am away. Is the way forward to complete the consent to let form and send it off in the post to Intelligent Finance? The point of renting the property isn't to make money but to retain the property in case things don't work out
  • My mortgage is currently with Intelligent Finance and am considering whether to sell or rent in the short term but don't have the equity for a buy to let mortgage at this time. What are my consent to let options currently?
  • My wife and I spoken to someone at Intelligent Finance about changing our existing homeloan to consent to let (the existing two year fix expires in summer next year). Can I just confirm that I need to formally put the request in writing explaining our change in circumstance to Intelligent Finance? Where do I need to send the letter to?