What is consent to let?
“Consent to Let” is the permission you might need to obtain from your mortgage lender if you decide to rent out your property. This is especially relevant if you have a residential mortgage, as these typically require that the property is occupied by the owner.
If your circumstances change and you wish to rent out your property – perhaps due to a job relocation, moving in with a partner, or financial reasons – you need to inform your mortgage lender. They may grant you a “Consent to Let”, allowing you to rent out your property for a certain period.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.