Consent-to-let Help for Topaz Finance plc

Recently asked questions relating to Topaz Finance consent to lease

• I have a residential mortgage coming up for reissuing with Topaz Finance. I have had the property rented out for a few years and I now realise that I need to notifyTopaz Finance. I am led to believe that I should seek consent to lease, but bearing in mind that the property has already been let out could they deny - insist I go onto a BTL rate or even apply a penalty? I have over 25% equity in the house - and the rent will more than cover the mortgage.
• I have a current mortgage contract with Topaz Finance and need clarify if it would be possible to receive consent to let out our ground floor flat in Greenwich.

  The purpose for wanting to find tenants for the property are as follows: -

  • My family and I will be migrating to Cape Town early next year.
  • By renting out the house this will facilitate savings to assist with the migration process.
  • There is little merit from a fiscal point of view to pay outright for a property which we are not living and by letting out the property this would be viewed as continuing investment.

  If Topaz Finance granted permission to us for renting we would propose some financial commitments which are as follows: -

  • Continue to pay the monthly mortgage payment directly from my bank account.
  • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Supply our forwarding address for when we emigrate.
• I have had a Topaz Finance mortgage for less than a year but I recently found out I will soon lose my job. I would like help seeking consent to let from Topaz Finance
• I'm one year into a two year fixed mortgage with Topaz Finance. The LTV is only 40%. I've got what I think is a really good deal on a studio flat in Lambeth which I would not want to miss. It appears that the only way I can get this other property is to release most of the remaining equity. I would let the existing home which would adequately cover the homeloan with Topaz Finance. Can I get a consent to let from Topaz Finance and and then seek an equity release after it's rented?
• My husband and I have already let but only just dawned on us that Topaz Finance ought to have been informed and consent to let applied for - can this be obtained retrospectively?
• So this is the scenario: I am moving to Spain as part of a promotion. This might be for many years. Nevertheless I will be on a four month test period .I would like to know the criteria for consent to let from Topaz Finance and what charges are involved
• Is it possible to negotiate a consent to let from Topaz Finance if I have an existing mortgage which has been in place for twelve years?
• My wife and I have a granny flat attached to our property. Do we need consent to let this from Topaz Finance? If so, what is the process if I need to transfer the mortgage to consent to let?