Need Help?

Need professional advice for your consent to let with Precise Mortgages (Charter Court Financial Services Ltd)? 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 Precise Mortgages consent to lease

  • Having endured living in a rough area for 3 years now, we are now looking to move. As disposing of the flat will involve redemption penalties to Precise Mortgages of £5000, we thought that it would be sensible to rent it out. In the circumstances we need consent to lease from Precise Mortgages only for less than a year. What can I do to get consent?

  • My premises valued at £97,000. Precise Mortgages mortgage owing £20k with six years to run. Get consent to let from Precise Mortgages for current premises and use rent to pay off what is left of mortgage. Take out sixty % Precise Mortgages loan on second property that I will consider to be my main residence? Can this be done?
  • My OH and I are looking to lease out our garden flat in Harrow in August. I would like some advice on what I need to do. I've just moved our Precise Mortgages mortgage to a fixed term and just need to understand the process and what information I'll need to get consent to let.
  • Is it possible that mortgage companies (my home loan is with Precise Mortgages) are adopting a more relaxed approach towards consent to let? A mortgage adviser recently informed me that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I transfer from a homeowner to a Buy to let I am moving to a regulated product. His belief was that under the current regulation lenders are wary of letting customers do this, which is likely why some banks will allow borrowers obtain consent to let but not move to a Buy to let mortgage. Is he plausible?
  • My mortgage company refuse to issue consent to let until I have a move in date confirmed with a tenant. How can I confirm this whilst lacking consent to let? I am not certain but I think my friend had a similar issue with Precise Mortgages.
  • Where I have an existing homeowner mortgage with Precise Mortgages and am planning to rent it out in the future will I be issued with consent to let? What is the process and what needs to be done next?
  • I am looking at an offer to work abroad and have been advised that I need to let Precise Mortgages know so my mortgage is under consent to let? Please could you clarify the best way to go about this?
  • What are the implication if a borrower has already leased out the property for a number of years as an HMO and now wish to go legit with Precise Mortgages by obtaining consent to let ? (work on the basis that Precise Mortgages had already given a homeowner mortgage in the past)