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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.

Frequently asked questions relating to Vida Homeloans consent to lease

  • Me and my wife are currently twelve months into a year fixed rate mortgage with Vida Homeloans. We would like to purchase a more substantial second property in the next few months however would prefer to retain the first house and I was wondering what reason we could put down on the consent to let form to obtain consent to from Vida Homeloans
  • I have a garden flat in Bexley let out which has a 62 year lease. Mortgage adviser said I should remortgage (currently with Vida Homeloans) as a buy to let rather than consent to let and release 45-55k which on top of a new homeloan based on income multiples would give me a budget of £200k. Not much about in Lewisham for me to get my own place. To extend the lease will be in region of 21k. Not sure sure whether to hold on or sell the flat?
  • I have just been presented with an excellent career opportunity for eight months in New York. I do have sufficient savings to meet the monthly Vida Homeloans mortgage however the buildings insurance requires that the property must be occupied in order not to be invalidated. Last winter the roof had some leaks that were repaired. Should there be any problems during the winter months I would find it hard to cover the repair costs. Will I qualify for consent to let via Vida Homeloans for a limited period?
  • My OH have an offer accepted to purchase a house, we have a deposit of between 20-25% for a domestic mortgage with Vida Homeloans. The small issue is we are due to go overseas in two months for work. We are going through our mortgage broker. She says if you tell this to Vida Homeloans in advance we will need to get a buy to let. Do go ahead with residential mortgage with Vida Homeloans, in a couple of months ask them if we can have consent to let? Otherwise, do we try and speak to Vida Homeloans now and say there is a possibility we will move abroad in the future (nothing is definite regarding the move abroad) and see if they agree before hand that it wouldn't be an issue
  • My personal situation has changed, and I would like to lease my home out - meaning consent to let- I have about £200K loan with Vida Homeloans and currently 100k equity I need to avoid the early repayment fees.
  • I am looking at new mortgages and also exploring the possibility of renting the property in the years to come - Is there a fee with Vida Homeloans to obtain a consent to let and what are the requirements?
  • My fiance and I have a owner-occupier mortgage with Vida Homeloans and are deliberating on obtaining consent to let so that we can apply for another mortgage on another property that I own on a buy to let basis. Before we apply I would like to know the ramifications of making the change and any facts that we need to be aware of.
  • I am looking for some generic information on consent to let. I already have a mortgage in place with Vida Homeloans. I have been given licence to sublet my apartment from the managing agents and they asked for a copy of the consent to from Vida Homeloans.