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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.

M&S Bank consent to let: Q and A’s

  • Can M&S Bank invoke a right to increase interest rates on a residential mortgage that has just been approved for Consent to Let at any time, onto ‘rates equivalent to their BTL range'?

  • We just obtained 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 am expecting to apply for consent to let from my existing mortgage lender M&S Bank. A colleague of mine said that she was issued with ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an assured shorthold tenancy. Can you explain what this is?
  • We are planning to lease out my property for 12 months from 28th September next year. Is there conventional wording for a letter I can use to send to M&S Bank to request consent to let.
  • If I were to apply for consent to let from M&S Bank please can I know the time scale M&S Bank would take to make a decision?
  • I am considering letting out my property obtaining consent to let from M&S Bank, what charges can I expect to pay?
  • I would like to let my house for three years max. I would like to know if I could have a consent to let from my current mortgage lender M&S Bank?
  • My wife and I have a mortgage with M&S Bank and would be thinking about purchasing another main residence and then subsequently renting our current home out. Do I need consent to let from M&S Bank?