Need Help?

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.

Common questions relating to Vida Homeloans consent to lease

  • At present I have a normal mortgage with Vida Homeloans. I have been offered a house as part of my job and wish to rent out my existing home. The financial advisor seems confident that it is a formality. Are you able to provide me with some information please?
  • My OH and I may need to lease our home out for a while due to a career opportunity. This will be for a limited period we would possibly like a consent to let our property. We already have a Vida Homeloans mortgage. What are the fees involved and time limits on consent to let agreements?
  • In the coming months I would like to move house and I am curious as to whether I can get consent to let on my house then get a mortgage approval for the new house so I can put in an offer thus being chain free and then rent my property out once I move. Will my lender Vida Homeloans grant consent to let for a year if they know I am wanting to buy a further property or only where one is moving temporarily for my job?
  • Can you explain "consent to let" to me? I live in a 1 bed flat and its in good condition. It has been on with agents for two months and I have had very few viewings. This is because my neighbour is noisey. I had no choice but to put this on the disclosure sheet. I am with Vida Homeloans on a fixed rate. It has been suggested to me that I should obtain consent to let from Vida Homeloans and rent the flat for a year or two.
  • Can you explain the process for obtaining consent to let by Vida Homeloans? Are there specific policies for instance you have to reside in the property for a year before its issued?
  • Is there a fixed or maximum term how long I could let my property out to a family member with consent to let from Vida Homeloans. I no longer want to live in the area and want to buy a new home?
  • Will I need consent to let from Vida Homeloans if I am planning to occupy the flat myself for part of the year? Also if I receive consent to let for a period of time, say up to two years, what happens after that.
  • I am looking at taking a job overseas and have been advised that I need to let Vida Homeloans know so my mortgage is under consent to let? Please could you clarify the best way to go about this?