Consent-to-let Help for Kensington Mortgage Company Ltd

Top Five Questions relating to Kensington Mortgage consent to lease

• I have a homeowner mortgage over my home in loc with the intention of relocating abroad to country for a couple of years. During this time frame I want to lease out my apartment. My mortgage provider says I cannot have consent to let. It’s hardly ideal to move to a buy to let loan as it’s only a short term option that I am going away for.

• My partner and I have a residential mortgage with Kensington Mortgage. This has been in place for three years. We are deliberating letting out our property and renting in a village near our son's school until we find the right property to purchase. Do Kensington Mortgage ordinarily issue consent to let and do they load up the mortgage rate?
• I have a current mortgage contract with Kensington Mortgage and need clarify if it would be possible to obtain consent to let out our ground floor flat in Bromley.

  The purpose for wishing to find tenants for the property are as follows: -

  • My wife and I will be moving to Melbourne early next year.
  • By renting out the house this will facilitate savings to help the migration process.
  • It would be pointless from a fiscal perspective to redeem the mortgage for a property which we are not residing in and by renting out the home this would be considered as an ongoing investment.

  If Kensington Mortgage agreed that we are able to proceed with renting we would propose some financial assurances which are as follows: -

  • Continue to pay the monthly mortgage payment directly from my bank account.
  • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Supply our forwarding details for when we move.
• I have a property that's currently under shared ownership (My share is 50per cent) and I bought it in July 2013. I am currently going through the full purchase of the house. Me and my wife have also got a further house that we are looking to purchase. Mortgage in principle has been issued by Kensington Mortgage. I would like to know that I will be able to put the existing house through consent to let as soon as the remainder share has been purchased so, that we can start the process of buying the new house
• My two year fixed rate with Kensington Mortgage will soon run out next month I will change on to the standard variable rate. Can you tell me if consent to let by Kensington Mortgage is a foregone conclusion, if there are cost, and if there conditions?
• My existing mortgage is with Kensington Mortgage, but I am going to move out for around 12 months as we need to be closer to my wife’s father. Will Kensington Mortgage grant consent to let?
• What is the process for getting a consent to let application form from Kensington Mortgage and how quickly can I get the consent?
• Please can you inform me how much the fees are and if Kensington Mortgage usually grant consent to let without transferring to a commercial rate?