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.

Top Five Questions relating to Intelligent Finance consent to lease

  • How likely are Intelligent Finance in giving Consent To Let on a three bedroom ground floor purpose built flat? Agents have had it on the market for two months. I am keen to sell but I'm mindful that if there is no interest I will have to get a tenant in to cover the mortgage to Intelligent Finance (I do not now reside at the address). I would prefer to be up front with Intelligent Finance than keep them in the dark but I am worried as to how helpful they will be.
  • My flat has a mortgage against it with Intelligent Finance and I have been renting my apartment minus consent to let, making me in contravention of my mortgage contract. I think I have come onto their radar that I am not residing there. Is my only option is to dispose of the flat before repossession?
  • Can you explain "consent to let" to me? I live in a studio flat and its in good condition. It is on the market and I have had very few viewings. This is probably due to an ongoing feud with the family next door. I had no choice but to put this on the disclosure form. Mortgage is with Intelligent Finance on a fixed rate. Someone mentioned I should seek consent to let via Intelligent Finance and rent the property for a year or two.
  • I want a bit of preliminary guidance as to whether consent to let is a feasible proposition. I bought my flat nine months ago by transferring an existing Intelligent Finance mortgage product. My fixed rate finished three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Intelligent Finance, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to transfer to a B2L mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to find extra capital to satisfy the 65% LTV ratio required for a buy to let loan. It would be preferable to obtain consent to let from Intelligent Finance for 1-2 years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, move back to it.
  • I have a Intelligent Finance home loan currently and potentially wish to let it out for a limited period of time with consent from Intelligent Finance for (1 year). How long do you have to wait until you apply for consent to let??
  • I am trying to find out if Intelligent Finance will grant consent to let in a situation where we need to move closer to relatives in a different house albeit that we may move back the future if circumstances change.
  • Do Intelligent Finance grant consent to let? I am just considering this in order to move home in the coming months
  • I am looking at an offer to work abroad and have been advised that I need to let Intelligent Finance know so my mortgage is under consent to let? Please could you clarify the best way deal with this?