Need Help?

Need professional advice for your consent to let with M&S Bank? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Sample questions relating to M&S Bank consent to let

  • Can M&S Bank exercise a right to increase interest rates on a non-commercial mortgage where Consent to Let at any time, onto ‘rates in line with their Buy to Let loans'?

  • Under what situations will consent to let for a property be issued by M&S Bank? For what period of time do you have to have had ownership of the property before consent to let can be granted by M&S Bank? In order to give you some history I am a young doctor in a house bought a matter of months ago. The perfect job opportunity involving relocation to Bromley on a permanent basis has arisen. I am looking at applying for consent to let initially in order to put a tenant in it to offset the expense of the M&S Bank mortgage.
  • Good morning, I have consent to let my property with M&S Bank and am now looking to give my tenant 2 months notice as I intend to find a buyer. I am concerned about the property being vacant once the tenant leaves and finding a purchaser. I have never defaulted on the account, is it likely that I would be able to take payment breaks pending the sale of the property?
  • I have had a home loan with M&S Bank for since 2009. My divorce was finalised 18 ago and bought the ex wife out. My situation has changed, I wish to retain my house but live with my new partner, renting my house out. I have been informed by my IFA that I can request consent to let from M&S Bank instead of a BTL mortgage as I haven't purchased the house in the first place in order to let, is this right?
  • I would like to send the consent to let form by courier and wanted to know if M&S Bank have a regular postal address I can use as couriers ordinarily don’t accept deliveries to PO Box addresses.
  • My OH is in the process of placing an offer on a new property in Southwark and is getting a good deal as it requires some work done. We want to rent our current property for 2 years and then return. Will I be given consent to let by M&S Bank?
  • Last month I bought a house with 10% deposit for personal reasons. A homeloan was taken with M&S Bank. However my circumstances have now changed. I am being transferred out of the location. Am I able to obtain consent to let from M&S Bank and put the house up to let?
  • I currently have a residential mortgage with M&S Bank and plan on letting due to work being based in Luton. In asking for consent to let from M&S Bank do I run the risk of them forcing me to change deal to buy to let