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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 have my three bedroom second floor purpose built flat in Barnet on the market but notwithstanding a few viewers there is a lack of interest so far. As a fall back position I am considering leasing out the property if it doesn't sell. I dont think I will have a problem getting consent to let from the freeholder. My financial adviser says that in such a situation I may need to switch to a BTL product yet the chances are that I don't have enough equity needed. What's my exposure if I if hypothetically I was to just keep the current ModaMortgages mortgage and let the property out without informing them. I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
  • I have just come off the phone to ModaMortgages and they tell me that it has come to their attention that I am letting out the maisonette even though it is on a domestic mortgage. I moved out a couple of years ago for career reasons, couldn't sell and so had little option but to let out my property. Do you know what the connotations will be for me not getting consent to let?
  • I'm looking to remortgage my garden flat, currently let out with consent to let from ModaMortgages, onto a BTL rate as we are unlikely to be moving back into it now since we have our family home. So, I'm assuming I need a specialist broker for this and I am not really conversant with what my options are. Can you offer any advice on a good broker service specialising in BTL?
  • My fiance and I might have to rent out her flat, and I have a query regarding getting authority to do so. I know I need to inform ModaMortgages and get a consent to let or transfer to a BTL mortgage. But the property is leasehold, so do we need consent to let from the residents association?
  • Were we to request a consent to let letter by ModaMortgages will we be made to switch to buy to let mortgage? Our mortgage is with ModaMortgages and as houses are not selling at the mo but we have seen one we like we were going to rent our home out in order to acquire the new and sell this one when the market improves.
  • I am potentially moving in with my partner but do not want to to sell my place. How do I go about applying for consent to let from ModaMortgages, and how likely is it that this will be given?
  • We've spoken to someone at ModaMortgages about switching our existing mortgage to consent to let (the existing two year fix expires in summer 2016). Can I just confirm that I need to send a letter explaining our change in circumstance to ModaMortgages? Where do I need to post it to?
  • I'm interested in more information about consent to let from ModaMortgages. Would a valid reason be issues with neighbours and the property is too big for me to run at this moment in time?