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Need professional advice for your consent to let with Molo Finance Buy to Let Mortgages? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Questions and Answers: Molo Finance Buy to Let consent to let

  • We've been renting my wife's old house out with "consent to let" from Molo Finance Buy to Let on a residential mortgage for the past two years. Molo Finance Buy to Let have just written revoking consent to let unless we switch to one of their "buy to let" loans.

  • I was hoping you could please give me some advice on the consent to let process. I am considering a Molo Finance Buy to Let mortgage on a £200,000 house Springnext year. The intention is to hold the house as a second home but I need to know what options are available to me to let the property in the future. If our circumstances were to change the house would either be sold or rented.
  • My mortgage with Molo Finance Buy to Let has been in place for less than a year but I recently found out I am about be made redundant. I would appreciate some advice on applying for consent to let from Molo Finance Buy to Let
  • Is it correct that mortgage companies (my home loan is with Molo Finance Buy to Let) are taking a more accommodating approach towards consent to let? A broker recently told me that BTL mortgages are not regulated by the FCA whereas residential mortgages are. So if I transfer from a owner-occupier to a BTL I am moving to a regulated product. His belief was that under the current regulation banks are wary of letting customers do this, which may explain why some mortgage providers will let customers apply for consent to let but not swap to a Buy to let mortgage. Is he plausible?
  • I have a residential mortgage with Molo Finance Buy to Let and with my circumstances changing significantly in the last three months, can I obtain consent to let. What changes will affect me?
  • My wife and I would like to move home and have identified a house we wish to purchase so are considering renting out with consent to let from Molo Finance Buy to Let for our existing property to allow us to place an offer and not lose the potential new property.
  • Does my LTV need to be at a certain ratio to allow me to apply for a consent to let from my mortgage lender Molo Finance Buy to Let. Will it make a difference that I only recently out the mortgage four months ago?
  • Can you tell me how much the fees are and if Molo Finance Buy to Let usually grant consent to let without switching to a commercial rate?