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

Kensington Mortgage consent to let: Q and A’s

  • Two years ago we purchased our council house, in Wandsworth,recently valued at £220k. It was paid for in full from our own funds, unencumbered. We are prohibited from selling (without repaying back a significant amount of the discount) before five years have expired. Regardless, we want to keep it as a investment property to let out. We are considering taking out a mortgage with Kensington Mortgage. If Kensington Mortgage refuse are there lenders that will allow this and grant consent to let?
  • In the coming months I wish to move house and I am enquiring if I can get consent to let on my property then get a mortgage approval for the new house so I can effectively bid without being part of a chain and then rent my property out once I move. Is it likely that Kensington Mortgage grant consent to let for 12 months if they know I am looking to buy somewhere else or only where one is relocating temporarily with work?
  • I refinanced with Kensington Mortgage recently, borrowing extra with the intention of doing a loft conversion. That extension has proved not to be possible and I now intend to purchase a 2nd property as my primary home and let the existing property out with consent to let. Is that likely to land me in hot water?
  • I have been serving in the armed forces for three years and planning to purchase a home using a Kensington Mortgage mortgage. I would like to get consent to let the property to my sister. In the future I plan to live in the property with my family when my military career finishes. Is this achievable?
  • What is the longest period that Kensington Mortgage is willing to grant me the Consent To Let for?
  • Me and my husband have had my home loan with Kensington Mortgage for eight years and always made payments If I sought consent to let would it be granted?
  • My partner and I took out a mortgage with Kensington Mortgage a few months ago and although it's a long way off we may have to relocate around next Summer and would like to be able to lease our apartment out. Is this possible with a homeowner mortgage?
  • Are you aware of any flexibility in the accepted equity ration before transferring from a current Kensington Mortgage mortgage to a consent to let?