Need Help?

Need professional advice for your consent to let with Platform Home Loans Ltd? 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 Platform Home Loans consent to lease

  • I have a residential mortgage over my residence in loc with the intention of moving abroad to country for three years. During this time frame I want to rent out my house. My lender has declined to grant me consent to let. I am not inclined to transfer to a buy to let loan as it’s only for a limited time-frame that I am going away for.

  • What information do Platform Home Loans need to have to make a decision on consent to let. I have a 5 year fix with them. I have a good track record of mortgage payments over several years. I am planning a move to the countryside owing to surprising growth of family. My financial circumstances have not deteriorated and in fact my annual income has increased by thirty per cent since the mortgage commenced.
  • I would like to let my ground floor flat out from the end of June next year as I will be going for a few months. I have a domestic mortgage with Platform Home Loans. I will not be letting for more than six months. Most likely it will be four months. It has been suggested that I get permission from my freeholder first? Please can you suggest what I should be doing in what order?
  • We have an offer accepted to buy a house, we have a deposit of between 20-25% for a domestic mortgage with Platform Home Loans. The one concern is we are due to go overseas in three months for work. We are using a financial adviser. She says if you tell this to Platform Home Loans up front you will need to get a buy to let. Do go ahead with residential mortgage with Platform Home Loans, in a couple of months seek consent to let? Otherwise, do we try and speak to Platform Home Loans at this point and say there is a chance we will move abroad in the future (nothing is definite regarding the move abroad) and see if they agree before hand that it wouldn't be a problem
  • Were we to ask for a consent to let letter by Platform Home Loans will we be forced to convert to buy to let mortgage? We are with Platform Home Loans and as properties are not selling at the mo but we have seen one we like we were leasing our home out in order to acquire the new and dispose of this one when the value picks up.
  • How do I go about procuring consent to let by Platform Home Loans? Are there specific policies for instance you have to have owned the property for over 9 or 12 months before its granted?
  • I am after further information regarding consent to let home loans, potentially transferring our existing mortgage with Platform Home Loans over to a consent to let one.
  • Me and my husband have a granny flat attached to our house. Do we need consent to let this from Platform Home Loans? If so, what is the process if I would like to transfer the mortgage to consent to let?