Need Help?

Need professional advice for your consent to let with ITL Mortgages? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Recently asked questions relating to ITL Mortgages consent to lease

  • I intend to let out my flat to some tenants who have asked me for evidence of my ‘consent to let’ from ITL Mortgages, my mortgage lender. Is this standard practice? My letting agent cannot offer an explanation, can you?

  • I have a shared ownership property in Newham and will be looking to buy out the rest of the property. However, within the next six months I may be working in Canada for a short period of time so would like to know what approach ITL Mortgages take to consent to let as I am considering a remortgage with them. I am by no means sure that they will lend on my property but as an aside can you provide further information on their consent to let policy?
  • What are the chances of ITL Mortgages in granting Consent To Let on a garden flat? Agents have had it on the market for three weeks. I am keen to sell but I'm mindful that given the lack of interest I will have to get a tenant in to cover the monthly payments to ITL Mortgages (I no longer live there). I would prefer to be up front with ITL Mortgages than do it on the sly but I am worried as to how helpful they would be.
  • I rented my house out for three years from 2009-2012 while working abroad. I have a letter dated June 2010 from the mortgage company granting consent to let. In the letter it explicitly states that the consent to let is valid for "the remaining term of the mortgage". I have not remortgaged since the letter was issued. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not be acceptable to the new lender ITL Mortgages for the house I wish to purchase.Can this be correct
  • My OH and I have a owner-occupier mortgage with ITL Mortgages and are considering obtaining consent to let so that we can apply for another mortgage on another property that I own on a buy to let basis. Ahead of applying it would be helpful to know the consequences of making the change and any facts that we need to be aware of.
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a half year rule before consent to let - does this apply to all lenders. Is there any way ITL Mortgages would allow it at the outset?
  • We have a mortgage with ITL Mortgages on our maisonette in Hackney. We are hoping to buy a new house and move in there. How do I switch my existing mortgage on to consent to let?
  • Does my LTV need to be at a certain level to allow me to apply for a consent to let from my mortgage provider ITL Mortgages. Will any consideration be given to the fact that I only drew down on the mortgage three months ago?