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

Common questions relating to LendInvest consent to lease

  • I intend to let out my flat to some tenants who have asked me for a duplicate of my ‘consent to let’ from LendInvest, my mortgage lender. Is this a standard request?

  • I need to explore if I can get consent to let on my current property. I have a mortgage with LendInvest but my circumstances have changed. I'm looking to move in with my partner and daughter who have a house and more room than my 1 bed apartment. I doubt I will qualify for a buy to let mortgage as I don't have the funds for a deposit nor do I earn more than £25000 per annum.
  • I have been offered a once in a lifetime job opportunity for 6 months in New York. I have enough cash reserves to pay the monthly LendInvest mortgage yet the buildings insurance requires continuous residency in order not to be invalidated. Last Christmas the roof had some leaks that were repaired. If there happened to be any problems during the winter months I would find it hard to cover the remedial works. How likely is it that I will get consent to let from LendInvest for the period I am overseas?
  • I am looking for some precautionary insight to consider if consent to let is a feasible option. I bought my flat nine months ago by porting an existing LendInvest mortgage product. My fixed rate ran out three months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with LendInvest, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a B2L mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a feasible option for myself and 2) I need to come up with additional capital to satisfy the 65% LTV ratio required for a buy to let mortgage. It would be preferable to get a consent to let from LendInvest for a couple of 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, reoccupy it.
  • As of today I have a mortgage with LendInvest. I am thinking about renting and buying another property but this is all new to me. What is the procedure for consent to let?
  • Is it possible that LendInvest would have archive records as to whether consent to let was granted for a specific property?
  • I have a standard mortgage with LendInvest - about 55% equity. I am considering relocating due to a promotion and enquiring whether consent to let would be given so I could lease out the property?
  • What, if any, income criteria do LendInvest set for consent to let on an existing domestic mortgage?