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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.

Questions and Answers: LendInvest consent to let

  • We've been renting my wife's old house out with "consent to let" from LendInvest on a regular mortgage for the last 24 months. LendInvest have now advised that they are revoking consent to let unless we convert to one of their "buy to let" loans.

  • I have a garden flat in Ealing let out which has a seventy year lease. Mortgage adviser suggested I should refinance (currently with LendInvest) as a buy to let rather than consent to let and release 45-55k which on top of a new homeloan based on income multiples would give me a budget of £210k. Limited available in Sutton for me to get my own place. A lease extension will be in region of 13k. Not sure sure whether to hold on or sell the flat?
  • I've been offered a job abroad and considering whether it's worth leasing my house out. Will LendInvest permit me to switch mortgage or grant consent to let? If not I will have to think about whether I should accept the promotion. I have no objection to paying an increased amount as I intend to come back and move into my home after 1 to 3 years. I'm not doing it to to make money. Just really like my house and want to return to it at some point in the future.
  • I would like to acquire a second property having recently purchased a garden flat on normal mortgage. Plan to purchase in a few months time. I am told that I may have to get a consent to let from LendInvest, my existing mortgage provider? What is the best way to go about this and obtain the consent needed.
  • I am looking for consent to let for my flat as I am moving out for 6 months currently fixed LendInvest mortgage with two years which is due on December next year.
  • I am looking at some alternative lifestyle. I have a LendInvest mortgage, if I become a non-UK resident but wish to rent my UK house, do I need to get consent to let from LendInvest to do this ?
  • How likely is it that LendInvest force me into a consent to let product while I'm in a fixed rate product for twenty four months?
  • I'm considering a remortgage offer with LendInvest and it's a strong possibility that I will need take advantage of any consent to let option if available during the fixed period. Are there any penalties I should that may be applicable?