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.

Top Five Questions relating to M&S Bank consent to lease

  • We just received consent to let from M&S Bank. After some effort, M&S Bank have issued me with ‘consent to let’ confirmation . Mention is made of an assured shorthold tenancy. Can you explain what this is?

  • I have my ground floor flat in Sutton on the market but notwithstanding a couple of viewings there is a lack of interest so far. As a fall back position I am considering letting out the property if cant find a buyer. I dont foresee a problem getting consent to let from the freeholder. My mortgage adviser has told me that in such circumstances I may need to switch to a BTL mortgage yet I probably don't have enough equity needed. What's my exposure if I if hypothetically I was to retain the existing M&S Bank mortgage and let the property out without telling them I was told that they can put a marker on you for mortgage fraud once find out. Is that right?
  • Having spent fifteen years in Manchester, I'm considering relocating to be nearer to family. We've only been homeowners for the last two years and about to refinance with M&S Bank. In Harrow, we are be looking at a 4 bedroom property around the £350k mark. Ideally, we would like to keep hold of my existing flat. Could I ask for Consent to Let from the proposed new lender M&S Bank. If granted what are the likely requirements?
  • At the moment have a 5 year fixed rate home loan with M&S Bank that we're about a year into. Our circumstances have now altered and we wish to let out our flat for a while and move to another town. How do we minimise the risk of M&S Bank rejecting consent to let.
  • Do I require consent to let if I let to a family member (in my situation my mum now lives there and contributes towards the M&S Bank mortgage)?
  • I have a mortgage with M&S Bank taken three months back where I moved from another lender. Am I now able to rent my property with consent to let from M&S Bank as I am planning to buy a further property.
  • Please can you provide me with details of how to proceed with obtaining consent to let from M&S Bank and what, if any, cost apply.
  • I have fixed rate mortgage with M&S Bank. I may have to let out my flat due to necessity. If I seek consent to let, will I have to pay a lot more interest?