Need Help?

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

Common questions relating to Pepper Money consent to lease

  • I have a residential mortgage over my home in loc and am due to relocate to country for two years. During this time I want to lease out my house. My mortgage provider refuses to issue a consent to let. I am not inclined to transfer to a buy to let mortgage as it’s only for a short period that I am abroad for.

  • Under what situations will consent to let for a property be granted via Pepper Money? How long do you have to have had owned the property before consent to let can be granted by Pepper Money? By way of background I am a young accountant in a house bought a few months ago. The perfect job offer requiring relocation to Greenwich on a permanent basis has presented itself. I would be interested in being given consent to let initially with a view to renting the property out to cover the expense of the Pepper Money mortgage.
  • I want a bit of precautionary insight as to whether consent to let is a sensible proposition. I bought my apartment nine months ago by transferring an existing Pepper Money mortgage product. My fixed rate came to an end three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Pepper Money, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a B2L mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to find extra capital to satisfy the 65% LTV ratio required for a buy to let mortgage. Ideally I would like to obtain consent to let from Pepper Money for 1-2 years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • My understanding is that this is a breach of Pepper Money mortgage policy if I rent out my house having indicated that I intend to reside there. The plan is to repay the mortgage after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Pepper Money advised me I can overpay as little as I like during the agreement. I have someone who wants to rent the property. What is the likelihood of Pepper Money finding out? What are the implications of not seeking consent to let? From what I have read there is a possibility of Pepper Money levying a penalty
  • I am deliberating a remortgage and also thinking of renting the property in the future - Is there a charge with Pepper Money to receive consent to let and what are the criteria?
  • I currently have a mortgage with Pepper Money that I would like to transfer to a consent to let as we have found another property we are looking to buy. How do I apply for consent to let from Pepper Money and what happens within the process?
  • I am already leasing out my property but may have been sussed out. I have five months remaining on my fixed rate. How straightforward is it to get consent to let from Pepper Money. Is it just a quick phone call, pay the charge and that's it?
  • I'm looking in more information regarding consent to let from Pepper Money. Would an acceptable reason be parking problems and the house is too big for me to run at this moment in time?