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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

  • Contracts were exchanged last month for an off plan property in which I was going to move into, but my boss has presented me with the opportunity to work abroad for three years, can I let the new property with consent to let from Vida Homeloans.
  • What is the process for obtaining consent to let from Vida Homeloans? What documents do they ask for? is there a fee to pay? How long the consent is valid for? Do I need to renew it annually? What if I obtain a consent but decide to sell the property rather than let out the property?
  • I've owned a two bedroom first floor purpose built maisonette in Lambeth for a year with a Vida Homeloans mortgage and I'm curious if I would qualify for a consent to let.
  • How long after getting a new mortgage will a consent to let be likely to be granted by Vida Homeloans? By way of history I purchased my property in Sutton nearly two years ago and am currently on a fixed term for 3 years. I since met a guy and plan to move in together. I am planning to get another fixed term next October. I presume that I would have to hold off for at least half a year before I could apply for consent to let. Is that right?
  • We are having to relocate to Australia for eighteen months for my job but I don't want to convert the mortgage to BTL as I want to move back into it when I return. Do you know if Vida Homeloans charges additional interest? Is there any way around this?
  • My mortgage is currently with Vida Homeloans and am considering whether to sell or rent in the short term but don't have the equity for a buy to let mortgage at this stage. How feasible are consent to let options currently?
  • Last month I bought a house with 10% deposit for personal uses. A mortgage was taken with Vida Homeloans. However my circumstances have now changed. I am being transferred overseas. Am I able to obtain consent to let from Vida Homeloans and put the property up for rent?
  • I am looking to get consent to let with my Vida Homeloans residential mortgage. It is a mid terraced house. Do Vida Homeloans grant consent on this basis? Or would it be regarded as an HMO?