Bruno Karasek

Registered with Property118.com
Monday 3rd August 2015


Latest Comments

Total Number of Property118 Comments: 2

Bruno Karasek

18:42 PM, 3rd August 2015
About 6 years ago

Refusal of consent to let by mortgage lender

Yes, I think this is a risk few borrowers notice when signing up for fixed term mortgages.

Do mortgage providers have to justify not giving consent or are they generally completely entitled to do so? In addition, some mortgage wording say the rate may be increased in the event of providing consent to let if the risk is perceived to be higher. Emphasis on may. Again, does the lender have to justify that it now poses higher risk to them? Is this a potential circumstance that can be raised to the financial ombudsman if I would believe unreasonable treatment from the lender?

You insights are much appreciated.... Read More

Bruno Karasek

16:31 PM, 3rd August 2015
About 6 years ago

Refusal of consent to let by mortgage lender

What can one do if you have have a fixed term mortgage with cancellation fees but the lender does not give consent to let? You might be willing to change to a buy to let, but would still have to incur the early termination costs?... Read More