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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.

Top Five Questions relating to Pepper Money (UK) consent to lease

  • Earlier this year I rented out my garden flat having been granted Consent to Let with my building society. Half a year has now elapsed and they have loaded my interest rate as forewarned. I am unwilling to swap to a preferable product with them, as they will remove my consent to let. If I was to go with another provider for example Pepper Money (UK), would I be required to apply for a Buy To Let mortgage or could I just refinance and secure consent to let?
  • Due to meet with my broker on Tuesday. I will seek Consent to Let from my current lender Pepper Money (UK). My new property in Croydon will be 80% loan to value. I have been told by a friend that some lenders dont want consent to let borrowers and I may encounter difficulties regarding my new mortgage. Is there any truth in this?
  • My OH and I are intent on acquiring a house, letting a couple of the bedrooms out in order to cover the loan with Pepper Money (UK), and then moving on in two or three years - when the property would be fully let. How likely is it that Pepper Money (UK) would frown upon this as I will have been issued with a owner-occupier homeloan rather than a B2L or consent to let? I've read that the worst possible outcome is that they can repossess the property, is this right?
  • We are in need of a bigger house so our children don't have to bunk together. We are thinking about buying another house in the near future. Our house is worth £240,000 and we have about £70k left to pay on the Pepper Money (UK) mortgage. We would prefer to keep this house if possible and let it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we first need to discharge our existing mortgage?
  • My fiance and I purchased a place in Hendon with Pepper Money (UK) and am moving to rent a property in Cambridge due to work. Is consent to let from Pepper Money (UK)possible? I only want to let out the flat for 6 - 12 months before selling.
  • My fiance and I have a consent to let letter that I have attained from my management company. I presume I need to attaching this with a letter to Pepper Money (UK) with a view to obtaining consent to let from them. What address shall I forward it to?
  • I recently purchased a property with 10% deposit for personal uses. A homeloan was taken with Pepper Money (UK). However my circumstances have now changed. I am being transferred out of the location. Am I able to get consent to let from Pepper Money (UK) and put the property up for rent?
  • I may potentially need consent to let from Pepper Money (UK) in the future with work. I am just seeing what the options would be if this was the case. Is there a limit on how long one can let out a property with consent?