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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.

Questions and Answers: Pepper Money consent to let

  • Soon to be packing up as my husband and I plan to return to Australiain Month, initially for a little as 9 months but potentially longer term. I have contacted Pepper Money to obtain consent to let out our property (we have already found tenants). The mortgage has been in place with Pepper Money for 7 years and I have never had any arrears. Pepper Money tell me, that even if they grant consent to let, that this is a short term consent for a period of twelve months. After the year is up what happens next?

  • Last month I received consent to let on a normal loan with Pepper Money with a view to moving to a BTL rate when the fixed rate expires within the four months, so I'm uncertain if this complications to the issue! Any insight gratefully appreciated.
  • If a landlord opts to lease out their property without consent to let by Pepper Money - what, if any implication could there be for an agent acting for the landlord?
  • I'm one year into a two year fixed mortgage with Pepper Money. The LTV is only 35%. I've come across a really good deal on a garden flat in Haringey which I don't want to miss. It appears that the only way I can get this other property is to release most of the remaining equity. I'm thinking of letting the existing property which would adequately cover the homeloan with Pepper Money. Can I get a consent to let from Pepper Money and and then seek an equity release after it's let out?
  • How likely is it that I can keep my current residential mortgage with Pepper Money if I start renting out? If the consent to let is given will they load the interest rate?
  • My wife and I are considering applying to Pepper Money to obtain consent to let our house, how long does it take between submitting the application to us finding a letting agent and listing our house for rent? and are there any further steps we will need to go through?
  • We would like to obtain consent to let on a house where we have a mortgage with Pepper Money. If issued, how long would consent be given for? In seeking consent to let from Pepper Money are we running the risk of them forcing us to change deal to buy to let
  • What are the implication if a borrower has already let the property for some years as an HMO and now wish to go legit with Pepper Money by obtaining consent to let ? (assume Pepper Money had previously granted a residential mortgage in the past)