Need Help?

Need professional advice for your consent to let with Precise Mortgages? 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 Precise Mortgages consent to lease

  • Precise Mortgages have just granted me consent to let. After some effort, Precise Mortgages have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. What is that?

  • We are a young couple and we have identified a home flat in Waltham Forest that we like and wish to get a mortgage with Precise Mortgages. The issue is that I am pregnant and might give birth very soon as I am on the last few weeks of pregnancy. This means that it would not be possible for us to move straight away so we are considering living with our parents for about six months. Meanwhile, if we get this property, we can lease it out. We just wondering how will that work out? Will we be liable to be given consent to let from Precise Mortgages
  • The plan is to move in with my partner and I have let my property out to two students on a one year AST. I am now applying for consent to let from Precise Mortgages but what if they decline. I can’t renege on my contract in terms of backing out of renting the students as the paperwork is finalised. On the other hand Precise Mortgages could sue me for breach of a condition i.e. renting it out without consent to let.
  • Your view would be appreciated as to whether consent to let from Precise Mortgages is the best approach. I acquired my house last June by porting an existing Precise Mortgages mortgage product. My fixed rate came to an end two months ago I'm probably going to be moving in with a new partner. I don't want to sell my property yet because I'm unsure of whether the new move will work out. Would it be likely that Precise Mortgages would grant a consent to let based on me letting out my property on a an AST for 1-2 years and then I either commit to a B2L product or sell it?
  • Should I decide to apply for consent to let from Precise Mortgages how long will it take to hear back?
  • How likely is it that I can keep my current residential mortgage with Precise Mortgages if I start renting out? If the consent to let is issued will they load the interest rate?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Precise Mortgages. My property is worth approx £250k and owe £85k on it. Do you think Precise Mortgages increase my mortgage rate?
  • Me and my husband may want to lease our home temporarily due to a new job. This will be for a limited period but perhaps for twoyears. Should I tell Precise Mortgages or do I keep my head down?