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Need professional advice for your consent to let with ModaMortgages? 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 ModaMortgages consent to lease

  • I am thinking of applying for consent to let from ModaMortgages as my personal circumstances have altered. My stepdaughter started college and I concluded that we would move nearby and decided to buy a property rather than rent for 3 years. Since buying the house I have fallen out with my step daughter and she is unwilling to move in. Since the whole point was for her and the house location is not particularly ideal for my work I would like to leave and let the house
  • Me and my OH and I I have a owner occupier mortgage with ModaMortgages but I would like to occasionally let the property out as a holiday let....do I require consent to let from ModaMortgages?
  • My understanding is that this is a breach of ModaMortgages terms and conditions of mortgage if I rent out my house having informed that I intend to reside there. The hope is to have the mortgage fully paid off after four years, by which time the property will be mortgage free, meaning I no longer require any consent to let. ModaMortgages advised me I can overpay as little as I like during the agreement. I have someone who is interested in renting the property. What checks do ModaMortgages do and what are the chances that they are likely to do this? What are the consequences of not getting consent to let? From what I have read there is a possibility of ModaMortgages requiring the property to be sold (however it seems generally accepted is that this is unlikely to occur and adding fees even backdating is more common)
  • The likelihood is that I will have the opportunity to work overseas in a couple of years. I am therefore thinking of scaling down to a newbuild property in Merton which I could rent out with less difficulty when the time comes. The intention is to retain half the equity in the new apartment which would be my home for a while. My existing mortgage provider will only give consent to let for 12 months. I suspect renting it out longer term and not informing them could land me in a whole host of trouble. B2L seems unnecessarily expensive when I will be living there, perhaps for 2-3 years initially. What type of mortgage do I ask for, and from which lender? Do lenders such as ModaMortgages grant consent to let for more than a year?
  • Situation: I am moving to become a non-UK resident. Potentially for many years. However I will be on a four month probation period .I would like to know how to go about getting consent to let from ModaMortgages and any costs involved
  • Due to work opportunities I will be moving to Wales and would like to rent the flat temporarily, are you able to confirm what action I need to take in order to achieve consent to let from ModaMortgages?
  • My wife and I would like to move home and have found a property we wish to purchase so are considering leasing out with consent to let from ModaMortgages for our original property to allow us to make an offer and not miss out on the potential new house.
  • I am looking to place our matrimonial home on rent due to job commitments and was wondering if this is possible to negotiate consent to let. It is on a fixed rate mortgage with ModaMortgages until 2017 October