Consent to let with low LTV

[quizwhitty]

We bought our flat on Help to Buy and are in a position where we could just about manage to pay off the equity loan, taking our LTV to about 10% of the property.
Is it ever possible to receive consent to let from lenders with a 10% equity stake?
Thanks in advance for your knowledge!

I assume your talking about shared ownership? When you purchased property there would have been (a lot of!) paperwork about the details - what I know is this - if its shared ownership the answer is likely to be no (one of my adult dc has a shared ownership & it stipulates that you cant rent it out). Also the help to buy is about buying a home to live in not to rent out - isn't it?

www.helptobuyagent1.org.uk/faqs-equity-loan/
part way down it explains this & gives you link (basically you need to have paid it off completely - although you maybe able to rent a room within your property)

Thanks so much. It's not shared ownership - we own 100% but we have a HTB loan which would be fully paid off. I'm just wondering the minimum deposit they'd consider for consent to let.

We got consent to let for 2 years when our LTV was about 20%.

Thanks @justdoit1001. We'd better get saving!