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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 let: Q and A’s

  • I need to see if I can get consent to let on my existing flat. I have a mortgage with ModaMortgages but my circumstances have changed. I'm about to move in with my partner and son who have a house and more room than my small apartment. I am sure that I will not qualify for a buy to let mortgage as I don't have money for a deposit nor do I earn more than £25000 a year.
  • I have a three bedroom leasehold apartment with a ModaMortgages mortgage and have a lodger in the 2nd bedroom. I have decided to take a job in a different city and will look for a property to rent. My lodger doesn't want to move out so has agreed to pay an increased rent. Must I seek consent to let by ModaMortgages?
  • I plan to move house. My question is whether consent to let will be given on my house for me to subsequently obtain a mortgage for the new house so I can effectively bid chain free and then let my property out when I move. Does ModaMortgages grant consent to let for 9 months? Assuming the letting goes well is it possible for the consent to let time limit be continued?
  • My husband and I are in a tricky mortgage situation in the last 2-3 month. We have to let our house with consent to let and move to a different location due to schooling. We are about to rent a home. We are finding it really difficult to find a better mortgage deal for our consent to let home. Is there is a list available as to which lenders grant consent to let and what their conditions are?
  • I was just enquiring if ModaMortgages would grant consent to let and what kind of fees, penalties and rate increase etc
  • We have already been told to write a letter to ModaMortgages to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • I currently have a mortgage with ModaMortgages that I would like to transfer to a consent to let as we have identified another property we are looking to buy. How do I apply for consent to let from ModaMortgages and what are the steps within the process?
  • Would you be able to help me? What do we need to do to get consent to let from ModaMortgages? And how much equity is needed?