Consent-to-let Help for Molo Finance Buy to Let Mortgages

Top Five Questions relating to Molo Finance Buy to Let consent to lease

• Me and my husband were looking to buy a three bed flat with 30k down payment with the intention of moving in. However in the next two years the in-laws have plans to move to New York for a while so we would be moving into the in-lawsEaling property to "housesit". Should we go ahead with a residential mortgage with Molo Finance Buy to Let would we likely encounter any issues with switching to consent to let ?
• I am looking to get a consent to let from Molo Finance Buy to Let as my personal circumstances have altered. My stepdaughter started college and I concluded that we would move nearby and decided to buy a house as opposed to rent for 3 years. After having bought the house I have fallen out with my step daughter and she won't live in it. Since the whole idea was for her and the house location isn't so ideal for my work I would like to move out and rent out the property
• A year ago my lender (not Molo Finance Buy to Let) issued me with consent to let. This was subject to a provision that every 6 months they would levy a charge of half a percent of the remaining mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been withdrawn.
• We have an existing mortgage with Molo Finance Buy to Let and need clarify if it would be possible to gain consent to let out our studio flat in Bexley.

  The reasons(s) for wanting to find tenants for the property are as follows: -

  • My wife and I will be migrating to Cape Town next spring.
  • By letting out the house this will facilitate savings to help the migration process.
  • There is little merit from a financial point of view to pay off the mortgage for a property which we are no longer residing in and by leasing out the home this would be viewed as continuing investment.

  If Molo Finance Buy to Let granted permission to us for renting we would propose some financial commitments which are as follows: -

  • Maintain paying the monthly mortgage payment by direct debit.
  • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Supply our forwarding details for when we emigrate.
• I am looking to Molo Finance Buy to Let to issue me with consent to let out my basement flat in Ealing. I am about to commence a PhD opportunity in Maastricht University, Netherlands
• I was just looking into consent to let as it's something potentially I require from Molo Finance Buy to Let inside the next 12 months. Our personal situation has changed, and I would like to let my property out
• Do you know whether Molo Finance Buy to Let will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Molo Finance Buy to Let let me raise capital based on the rental income ?
• Is there a fixed or maximum term how long I could let my property out to a family member with consent to let from Molo Finance Buy to Let. I no longer want to live in the area and want to buy a new home?