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Need professional advice for your consent to let with Rely Mortgages? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Rely Mortgages consent to let: Q and A’s

  • My partner and I have a fixed rate mortgage with Rely Mortgages. This has been in place since 2007. We are intending on renting out our property and renting in an area close to our children's school until we find the right home to purchase. Do Rely Mortgages usually grant consent to let and if so, are there any financial consequences?
  • In what situations will consent to let for a property be granted from Rely Mortgages? How long do you have to have had the mortgage before consent to let can be negotiated with Rely Mortgages? By way of background:Our home is a very small mid terrace house which is too small for our family, my wife is also unwell and we are far away from family who could provide a bit of relief, in the form of babysitting. I am interested in obtaining consent to let initially with a view to put a tenant in it to offset the expense of the Rely Mortgages mortgage.
  • I have a mortgage with Rely Mortgages however my husband and I will be emigrating to the US in September. 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':
  • My house had been tenanted for three years between 2010-2013 while employed overseas. I have a letter dated March 2010 from the lender granting consent to let. In the letter it clearly states that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was sent. I now plan to move house and rent out my existing house. However, my financial advisor has suggested that the 2010 consent to let letter may not satisfy the new lender Rely Mortgages for the property I wish to purchase.Can this be right
  • I am considering moving overseas for work and would like consent to let from Rely Mortgages whilst I am away. Is the way forward to complete the consent to let form and send it off in the post to Rely Mortgages? The point of renting the property isn't to make money but to retain the house in case things don't work out
  • Were I to let my property with consent to let from Rely Mortgages will will theyjack up the interest rate? I am presently on a fixed rate for two years.
  • Due to career opportunities I will be moving to Wales and would like to let out my flat temporarily, are you able to confirm what steps I need to take in order to get consent to let from Rely Mortgages?
  • I am enquiring as to whether there are any costs in getting consent to let on a freehold property when I have a mortgage with Rely Mortgages