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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.

Questions and Answers: Precise Mortgages consent to let

  • Can a new mortgage be taken on a consent to lease with Precise Mortgages?

  • After retiring last year I purchased a “retirement home” for my wife and myself to move to. Our intention is to let our current property to our nephew and I have therefore asked Precise Mortgages for consent to let. I was just seeking a general view on whether Precise Mortgages currently allows it?
  • Due to redundancy we are looking to move away from Tower Hamlets and our apartment, potentially to a job in Norway but that means we will want to let the property but don't want the cancellation fees of existing Precise Mortgages mortgage which will be expensive.On what basis is 'consent to let' given by Precise Mortgages?
  • I have a mortgage with Precise Mortgages however my husband and I will be moving to the US in December. The mortgage is in my name yet it is my husband's job that is taking us abroad how do I answer the question: 'please indicate why you wish to let the property':
  • We are considering a remortgage and also exploring the possibility of renting the property in the future - Is there a fee with Precise Mortgages to obtain a consent to let and what are the criteria?
  • We are applying to switch mortgage provider to Precise Mortgages for a fixed rate but the likelihood is that I will need to rent the property out for approximately 12 months. Do Precise Mortgages consent to let on fixed rate home loans and if so, what are the costs.
  • Do you know whether Precise Mortgages will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would Precise Mortgages let me raise capital based on the rental revenue ?
  • Does my LTV need to be at a certain ratio to allow me to apply for a consent to let from my mortgage lender Precise Mortgages. Will any consideration be given to the fact that I only recently out the mortgage three months ago?