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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.

Questions and Answers: Kensington Mortgage consent to let

  • Soon to be packing up as my better half and I are moving to Beijingin Month, possibly for a little as 9 months but conceivably longer term. I have contacted Kensington Mortgage to obtain consent to let out our home in Kensington Mortgage. I have had a mortgage with Kensington Mortgage for three years and I have never had any arrears. Kensington Mortgage inform me, that even if they do agree, that this will be limited consent for a single year. What happens after one year?

  • I bought a house 3,two years ago in Newcastle when I worked locally. I got a promotion which requires working in Wimbledon. I drive down on Sunday afternoon and live with a relative during the week. I am now considering relocating with the family to avoid the commute. I am considering the possibility of renting out my existing home. The mortgage is with Kensington Mortgage, would I have to move onto a new mortgage product or should I try to get consent to let?
  • Is it possible to rent out our house without consent to let from our mortgage provider? I recognise that at the time we signed a declaration saying it wouldn't be a buy to let property and that we don't own other property. I know you can't use help to buy if you owned other premises at the time, but what about property thereafter? Can you acquire a further property, or inherit a property?
  • I am currently looking to acquire my first home however, working as a consultant. I I would like to find a lender that allows short term letting with a residential mortgage so that I could let the property temporarily with long periods of absence without being forced into a BTL rate. Are you able to advise me on how lenders would perceive this and specifically the stance taken by Kensington Mortgage.
  • Do I need to wait for consent to let to be issued on my prevailing residential mortgage with Kensington Mortgage before applying for a resi mortgage on a second property?
  • Will Kensington Mortgage choose to operate a right to convert the rates on a owner-occupier mortgage where Consent to Let at any time, onto ‘rates equivalent to their B2L range'? Can one remortgage on a consent to let with Kensington Mortgage?
  • I am interested in some advice on how best to approach my mortgage provider Kensington Mortgage regarding a 'Consent-to-Let' application. Is this something you can help with ?
  • What are the changes that Kensington Mortgage force me into a consent to let product while I'm in a fixed rate product for 2 years?