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

Recently asked questions relating to Topaz Finance consent to lease

  • I am a first time buyer hoping to complete on a 2 bedroom house in Topaz Finance. I have a good size deposit and expect a mortgage from Topaz Finance. My predicament is that my partner owns a flat in Nuneaton and I can foresee myself moving in next month, at which point I would want to let out my house. I I know that consent to let is needed but it does not sound like a positive outcome is assured. Can you offer any advice?

  • I currently have a mortgage with Topaz Finance and I am thinking of buying a home with my fiance. It's her council house on a right to buy scheme. Would it be possible to switch my Topaz Finance mortgage to rent out my existing property in Havering even though the property is currently in negative equity.
  • I want a bit of precautionary guidance to see consent to let is a feasible proposition. I completed the purchase of my flat 8 months ago by porting an existing Topaz Finance mortgage product. My fixed rate finished three months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Topaz Finance, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a B2L mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to raise additional capital to satisfy the 65% LTV ratio required for a BTL mortgage. Ideally I would like to receive consent to let from Topaz Finance for 1-2 years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, move back to it.
  • My husband called Topaz Finance on Wednesday concerning consent to let. He is expecting a returned call. We have placed an offer in on a property that has been provisionally accepted so we need to know how likely it is that we will get consent to let with Topaz Finance?
  • I was just curious as to whether Topaz Finance would grant consent to let and what kind of fees, penalties and rate increase etc
  • Am I required to wait for consent to let to be issued on my current residential mortgage with Topaz Finance before applying for a resi mortgage on a second property?
  • I am currently remortgaging and exploring the flexibility of certain lenders when it comes to consent to let. Topaz Finance is one of the mortgage companies I am thinking of going with. How accommodating are they when it comes to consent to let?
  • I have fixed rate mortgage with Topaz Finance. I may have to lease out my property due to necessity. If I seek consent to let, will I have to pay a lot more interest?