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What is Consent to Let Mortgage?
A Consent to Let mortgage is a type of mortgage that allows homeowners who find themselves in unique circumstances, to rent out their primary home for a specified period, while still maintaining their mortgage agreement with the lender. It is often used by UK Expats and Foreign Nationals who are forced to move overseas for work or family reasons.
Consent to Let Mortgages are popular with Expats and Foreign Nationals as they enjoy similar rates and terms to those of a traditional family occupation or residential mortgage, all while retaining the flexibility to rent out their property. By choosing a Consent to Let, Mortgages UK Expats and Foreign Nationals also avoid the common pitfall of overpaying for a Buy-to-Let (BTL) mortgage, which are typically priced higher than residential mortgages.
Speak with a Consent to Let UK Expat Mortgage adviser today.
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Benefits of a Consent to Let Mortgage
Generate Rental Income: One of the most significant benefits of a Consent to Let mortgage is the ability to generate rental income from your property. This income can help cover mortgage payments, making it a financially viable option.
Retain Your Property: You can keep ownership of your property while you’re away because you can’t occupy it as your primary residence. This allows you to maintain the long-term investment in your home.
Flexibility: Consent to Let mortgages provide flexibility for homeowners who need to move due to work, travel, or other personal reasons. It allows you to adapt to changing circumstances without the need to sell your property.
Avoid Selling Costs: Selling a property can be costly in terms of agent fees, legal fees, and other transaction expenses. A Consent to Let arrangement eliminates these costs, as you’re not selling the property.
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Short-Term Solution: Consent to Let mortgages are often a temporary solution, ideal for situations where you plan to return to your property in the future. It’s a short-term strategy for managing your property while you’re away.
Avoid Repayment Penalties: Some standard mortgage agreements may have early repayment penalties if you decide to sell your property or change the mortgage terms. With a Consent to Let mortgage, you can avoid these penalties.
Maintain Credit History: By keeping your existing mortgage active and making regular payments while renting out your property, you can maintain a positive credit history and potentially secure better financial opportunities in the future.
Security and Peace of Mind: Knowing that you can return to your property at a later date, provides peace of mind and a sense of security, especially for expats and those relocating temporarily.
Helping You Through the Expat Mortgage Application Process
Most high street lenders lack expat mortgage options and support structures for Expats or Foreign Nationals seeking finance. This is where a specialist UK expat mortgage broker is usually necessary to ensure your application meets the right criteria and is directed to the appropriate lender. Any available mortgage product will depend on your specific circumstances.
Our consultants and dedicated support team will guide you through the entire UK mortgage application process. We'll identify all of the requirements, including income and visa status. We help reduce disruption, contain your costs, and save you time.
We’re here to Save Time and Take Away the Stress
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We work with the lender to present your case and ensure an underwriter doesn’t make assumptions based on the fact you live and work abroad or have only recently moved to the UK.
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We can talk you through the process on how best to present your mortgage application.
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As a completely independent team of expat mortgage specialists – we have no obligations other than ensuring you receive the best and most valuable service from our team.
- We can help you secure a more favourable rate when exchanging money across borders.
Consent to Let Case Studies
Learn about how our expert team helped expats and foreign nationals attain Consent to Let on their Residential Mortgage in the United Kingdom, despite difficult or complex circumstances.
VIEW MORE CASE STUDIES
Case Study – Consent to Let Residential Mortgage For British Citizen Moving To The Persian Gulf
Read this great case study on how Liquid Expat Mortgages helped a British Citizen moving from Birmingham to The Persian Gulf
Read more
29
Sep
Sep
Case Study – Consent to Let Residential Mortgage For European IT Commuter
Read this great case study on how Liquid Expat Mortgages helped a European IT Commuter secure a Consent to Let Residential Mortgage in Manchester.
Read more
15
Jul
Jul
Case Study – Consent to Let Residential Mortgage for US Citizen Buying in London
Read this great case study on how Liquid Expat Mortgages helped a US Citizen buying in London to secure a Consent to Let Residential Mortgage.
Read more
10
May
May
Liquid Expat is your Specialist Expat Mortgage Broker
Liquid Expat Mortgages has been providing expat mortgages since 2007. Our many years of experience and relationships built up with lenders means that we can find the very best mortgage for your needs.
Accessible
Our mortgage consultants are available on the end of the phone or email, as and when you need us.
Approved
Liquid Expat is fully approved by the UK’s Financial Conduct Authority for expat mortgage advice.
Exclusive Market Access
Not only do we have the largest panel of lenders to choose from, but a number of our lenders have exclusive offers only available through Liquid Expat Mortgages.
Experienced
Liquid Expat Mortgages have successfully completed thousands of mortgages and remortgages for expats and foreign nationals since 2007.
Experts
Our expert mortgage consultants are fully qualified with extensive UK Mortgage market knowledge.
Straightforward
We work quickly, without jargon, to make things happen within your time frame and around your time zone.
Liquid Expat Mortgages Testimonials
Hear from some of our clients about their experience with Liquid Expat Mortgages.
❝ I would like to thank you and the other behind the scenes staff at Liquid Expat for all your professional help with obtaining a mortgage for us which enabled us to make the purchase of this buy to let property. ❞
❝ Buying a property overseas is not a stress free process, but Liquid Expat Mortgages has been instrumental in reducing my level of stress and ultimately securing a mortgage lender for me in the United Kingdom. ❞
❝ I would like to commend the excellent support we received in our recent recent buy to let remortgage application which proceeded faster than we could have hoped. She kept us fully in the picture throughout. ❞
Liquid Expat Mortgages Reviews
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Your guide to expat mortgages
As a specialist expat mortgage broker based in the United Kingdom, we can guide you through even the most complex overseas UK mortgage or remortgage process.
With over a decade of experience, we can quickly assess your case and then immediately place you with the most suitable lender and the best possible terms to suit your personal circumstances.
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