Need Help?

Need professional advice for your consent to let with Perenna? 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 Perenna consent to lease

  • For the last few months I have been letting out my flat in Islington. I didn't get consent to let. I moved to Surrey for work relocation purposes and couldn't do a commute but was nervous that Perenna would charge me a small fortune so I decided to take the risk. I'm looking to legitimise it now... basically carry on letting it but with consent. Can you offer any advice as to how I go about doing this?
  • I have just been presented with an excellent job opportunity for 6 months in New York. I have enough savings to cover the monthly Perenna mortgage yet the block insurance requires that the property must be occupied in order to remain valid. Last December the roof had some leaks that were repaired. Should there be any problems in the winter months I would struggle to cover the repair costs. Will I qualify for consent to let from Perenna for the period I am abroad?
  • My fixed deal expires May next year and I'm planning on fixing for a further three years with Perenna, with any luck rates will remain low. In in next couple of years I may want to move temporarily to a different county. How simple is it to get consent to let from Perenna in these circumstances? Assuming that monthly rent payments would be about £250 higher than the Perenna mortgage payments.
  • How easy is it to change a standard mortgage with Perenna to a consent to let. It will be less than 70% ltv and it would change from repayment to an interest only mortgage?
  • What do the Perenna Ts and Cs for consent to let look like?
  • Can I remortgage to Perenna from my current lender, with a consent to let or do I need a let to buy homeloan, and if so what are the LTV's?
  • Does my loan to value need to be at a certain ratio to allow me to apply for a consent to let from my mortgage provider Perenna. Will any consideration be given to the fact that I only drew down on the mortgage three months ago?
  • I am looking at an offer to work abroad and have been advised that I need to let Perenna know so my mortgage is under consent to let? Please could you clarify the best way deal with this?