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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.

ModaMortgages Consent to Lease Example Support Desk Enquires

  • I am looking to move and let out my studio flat in Hackney. Having bought it in spring 2008 and currently on a high ltv there is little equity in it. My mortgage is with ModaMortgages. Do you know where ModaMortgages stand on consent to let?
  • My fiance and I might have to let out her flat, and I have a question concerning obtaining permission to do so. I know I need to inform ModaMortgages and get a consent to let or move across to a BTL product. Given that the property is leasehold do we have to get consent to let from the management company?
  • My husband and I currently live in Dubai and letting out our property in the UK. This was unplanned but an opportunity came up and we took it. The rent received on the flat is insufficient to cover the mortgage so we transfer money each month to make up the shortfall. Last week I got a letter in the mail from our lender informing me that because the property is being let out and has been for almost four years we will have to pay 1.5% interest in addition to our current mortgage rate. One option would be to sell the flat but this will be difficult as I am on the other side of the world. Would it be possible to remortgage with ModaMortgages and get consent to let?
  • I am expecting to apply for consent to let from my current mortgage lender ModaMortgages. A colleague of mine said that he was granted ‘consent to let’ confirmation from a different lender where conditions attached to the consent referred to an AST. Can you explain what this is?
  • What is the longest period that ModaMortgages is willing to grant me the Consent To Let for?
  • I would like to know whether ModaMortgages would have an internal record as to whether consent to let was granted for a specific property?
  • Am I required to wait for consent to let to be given on my current domestic mortgage with ModaMortgages before applying for a resi mortgage on a second property?
  • My wife and I are thinking about applying to ModaMortgages to obtain consent to let our property, how long does it take from the point of sending the forms to us finding a letting agent and listing our house for rent? and are there any additional steps we will need to take?