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

Vida Homeloans consent to let: Q and A’s

  • A year ago my lender (not Vida Homeloans) granted me with consent to let. The condition was that every half year they would add a fee of 0.5% of the remaining mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been withdrawn.
  • I found tenants for my flat last June and didn't tell Vida Homeloans. I have a five year homeowner mortgage (healthy equity in it, never defaulted) and want to let Vida Homeloans know and get consent to let for the final 24 months of my mortgage . Not sure how to go about this.
  • Meeting with my broker on Thursday. I am going to apply for Consent to Let from my current lender Vida Homeloans. My new property in Croydon will be 80% LTV. Heard whispers that some lenders still dont accept consent to let borrowers and I may encounter difficulties regarding my new mortgage. Is there any truth in this?
  • I am looking for our family to move to give us all more space. We are planning to purchase another house next year. The house was valued at £155,00 and we have about £85k left to pay on the Vida Homeloans mortgage. We would prefer to keep this house if possible and lease it out with consent to let. Can you have a mortgage on two properties at the same time or do we first need to repay our existing mortgage?
  • Will Vida Homeloans want to know my reasons for seeking consent to let? Should I inform them of my possible move abroad?
  • My personal situation has changed, and I wish to let my place out - meaning consent to let- I have about £200K loan with Vida Homeloans and currently 100k equity I need to avoid the redemption penalties.
  • I am trying to find out Vida Homeloans fees for conversion to consent to let from a fixed rate residential mortgage?
  • I was just enquiring how to obtain consent to let from Vida Homeloans...do I call them or apply formally in writing to them?