Need Help?

Need professional advice for your consent to let with Manchester Building Society? 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 Manchester Building Society consent to lease

  • I have a normal mortgage over my property in loc and intend to move to country for a couple of years. During this time I want to lease out my apartment. My lender is withholding consent to let. I don’t really want a buy to let loan as it’s only for a limited time-frame that I am going away for.

  • I would like to let my current house and want to buy a bigger house for the family. I have a fixed rate mortgage with Manchester Building Society. Provided I get the consent to let as I understand lenders are more than likely to push me towards getting BTL mortgage when the fixed term comes to an end. Could I refinance after two years with another lender? What consequences does that have aside from the higher rates - will I need a higher equity portion in the property too ie lower loan to value?
  • I have been stupid in failing to advise Manchester Building Society that I’m renting my property out. In an ideal world I would like to do the right thing with as little adverse implication as possible. If Manchester Building Society says yes, how would you rate the chances of them figuring out historically that the property was let without consent?
  • I understand that this is a breach of Manchester Building Society mortgage policy if I rent out my house having informed that I intend to reside there. The aim is to have the mortgage fully paid off after six years, by which time the property will be unencumbered, meaning I no longer require any consent to let. Manchester Building Society advised me I can overpay as much as I like during the agreement. I know someone who wants to rent the property. What are the chances of Manchester Building Society finding out? What are the consequences of not seeking consent to let? From what I have read there is a possibility of Manchester Building Society transferring my loan onto a BTL mortgage
  • I'm gathering some information on whether consent to let is something available to me? We have a mortgage with Manchester Building Society and are thinking of renting the place out for two years, but cannot really afford to change to a buy to let mortgage. Is consent to let an alternative to to switching to a buy to let rate?
  • I am seeking from Manchester Building Society consent to let out my flat in Merton. I am planning to move in with my mother as I am off work due to ill health.
  • My current mortgage is with Manchester Building Society, but I have to get consent to let for approximately 12 months as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to just chill out a little for twelve months (by living near her parents and getting their help) in a greener more relaxed suburb of Bristol.
  • I have Manchester Building Society mortgage and am considering renting out the property. I understand I would need a consent to let to do this...is that true ?