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

Recently asked questions relating to Pepper Money (UK) consent to lease

  • I am with Pepper Money (UK) and just had to ask for consent to let, but it would be useful to know if they set any stipulations on the level of rental yield?
  • My fiancee and I are are looking to join the property ladder, currently renting. We would ideally like to purchase a studio flat in Merton. We want to move there, but will need to wait for a job - perhaps 2-3 years. Do we need to get a buy-to-let loan? Could we have a domestic mortgage with Pepper Money (UK), because we intend to move there soon? Alternatively could we reside there for a short period of time , then start renting it with consent to let from Pepper Money (UK)? I'm only interested in suggestions that are entirely legal, and have no intention of contravening the terms of the mortgage with Pepper Money (UK).
  • I have a current mortgage contract with Pepper Money (UK) and wish to clarify if it would be possible to gain consent to let out our one bedroom apartment in Redbridge.

    The reasons(s) for wishing to let out the property are are due to: -

    • My family and I will be relocating to Hong Kong in January.
    • In renting out the property this will facilitate savings to support the migration process.
    • There is little merit from a financial point of view to pay off the mortgage for a property which we are not residing in and by leasing out the place this would be viewed as an ongoing investment.

    If Pepper Money (UK) agreed that we are able to proceed with renting we would suggest 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 address for when we emigrate.
  • We took a home loan out on a garden flat in October however I will be working outside of commuting distance of Waltham Forest in the medium term but hope to find work closer in the long term. Given I have not had property long I will lose money if I sell and do intend to return to Waltham Forest so would like to keep it. How difficult is it to get consent to let from Pepper Money (UK) and what are the financial implications ?
  • I am looking to Pepper Money (UK) to grant consent to let out my basement flat in Brent. I am moving in with partner, cant sell property
  • Interested to know if if consent to let would be forthcoming from Pepper Money (UK) in order to move back to my mother and father for a year or two and save the cash to extend the lease on my flat?
  • We have a domestic mortgage with Pepper Money (UK) and are considering obtaining consent to let so that we can apply for a further mortgage on another property that I own on a buy to let basis. Before we apply I would like to know the ramifications of making the change and any facts that we need to consider.
  • I have a mortgage with Pepper Money (UK). I am considering moving out and leasing out my apartment. Do I need a consent to let ?