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.

Pepper Money Consent to Lease Example Support Desk Enquires

  • In June 2013 I was issued consent to let from my current mortgage provider which is about to come to an end. Since I took this out to travel and start a family. My part time salary is not sufficient just now to pay the mortgage by myself. I have been told I can't extend my consent to let and if I continue renting out I will be in action would be taken for breaching my mortgage contract. Due to affordability I it is likely that I will be refused to transfer to a BTL product. One option I am considering remortgaging to Pepper Money. Are they likely to grant consent to let from the start?
  • We are FTBs, presently renting. We would ideally like to purchase a two bedroom first floor purpose built flat in Lewisham. We want to move there, but will need to wait for a job - perhaps 2-3 years. Would we need to get a buy-to-let loan? Could we take a normal mortgage with Pepper Money, because we intend to move there soon? Alternatively could we live there for half a year, then start renting it with consent to let from Pepper Money? I'm only evaluating options that are entirely legal, and have no intention of contravening the terms of the Pepper Money mortgage.
  • I was just looking for a general view on whether I will be allowed to convert a residential mortgage with Pepper Money to a consent to let. It will be less than 55% loan to value and it would change from repayment to an interest only mortgage?
  • My partner have a fixed rate mortgage with Pepper Money for 2 yrs and have been living in the property for nearly six months. Due a job opportunity abroad I need to relocate so I would like to lease the property out. What is the best way to go about getting consent to let from Pepper Money?
  • I am looking at moving abroad for work and would like consent to let from Pepper Money whilst I am away. Is the way forward to prepare a letter requesting consent to let and mail it to Pepper Money? The point of renting the property isn't to make money but to retain the house in case things don't turn out as well as we hope
  • I have a question I'd like to ask...if consent to let is granted by Pepper Money would it usually stipulate a time limit, such as 6 or 12 months?
  • I wish to buy a new home but can't afford to sell the current flat with a Pepper Money mortgage. Do you know acceptable terms for Pepper Money to grant consent to let? Is getting married and having kids a sufficient reason to seek consent?
  • We are mulling over a remortgage offer with Pepper Money and it's likely I will need take advantage of any consent to let option if available during the fixed period. Are there any penalties I should consider?