Need Help?

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.

Examples of recent questions relating to Rely Mortgages consent to let

  • Do I need consent to let from Rely Mortgages or can I lease out my new house without telling Rely Mortgages and having to switch to a B2L loan?

  • My partner and I have a standard variable rate mortgage with Rely Mortgages. This has been in place for four years. We are deliberating leasing out our house and renting in an area close to our daughter’s school until we find the right house to purchase. Do Rely Mortgages usually give consent to let and do they apply an increase to the mortgage rate?
  • I have my garden flat in Westminster on the market but despite a couple of viewings there is a lack of interest so far. As a backup option I am considering letting out the property if cant find a buyer. I dont think I will have a problem getting consent to let from the freeholder. My mortgage adviser says that in such circumstances I may be obliged to switch to a BTL mortgage yet the chances are that I don't have enough equity needed. What's the worst that could happen if I if hypothetically I was to just keep the existing Rely Mortgages home loan and rent out the flat without informing them. I was told that they can put a marker on you for mortgage fraud once find out. Is that right?
  • My fixed rate expires late 2016 and I wish to fix for a further three years with Rely Mortgages, with any luck rates will still be low. In two years time I may wish to move temporarily to a different county. How simple is it to get consent to let from Rely Mortgages under these circumstances? Assuming that monthly rent payments would be about £250 above the Rely Mortgages mortgage payments.
  • I'm having to move to the US for eighteen months for my job but I don't want to convert my mortgage to BTL as the intention is to reoccupy it when I return. Do you know if Rely Mortgages charges extra on the interest? Is there any work around?
  • I have separated from my wife and we have moved back in with our respective parents and plan to divorce. What do I have to do to get Rely Mortgages to give consent to let our house out to students?
  • I have a mortgage with Rely Mortgages and am debating whether to sell or rent in the short term but don't have the equity for a buy to let mortgage at this time. How feasible are consent to let options currently?
  • I might be looking to rent out my property and wondered what I would need to do to get consent to let by Rely Mortgages. I may be emigrating permanently.