Consent-to-let Help for Masthaven Bank

Common questions relating to Masthaven Bank consent to lease

• I have my maisonette in Barnet on the market but notwithstanding a few viewers there is a lack of interest so far. As a backup option I am considering renting out the property if cant find a buyer. I dont foresee a problem getting consent to let from the freeholder. My mortgage adviser says that in such circumstances I may be required to switch to a B2L product yet I probably don't have sufficient equity. What's my exposure if I were to retain the current Masthaven Bank mortgage and let the property out on the QT I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
• I have a house in Enfield but I am moving with my girlfriend to a different location for career reasons and moreover close to her university. My preference is to retain the house but it is unlikely that I can afford a buy to let mortgage. It will only be temporary -three years until my girlfriend has finished University and I can sell, or move elsewhere. My mortgage is with Masthaven Bank. Do you think they will grant consent to let?
• My colleague is intent on letting his apartment out without consent to let via his mortgage lender Masthaven Bank. He has been on an interest only loan for about 7 years now. Outstanding amount is £99k, having purchased the apartment for around £110k. In the absence of receiving consent to let from Masthaven Bank, exactly what sanctions is he likely to face?
• I previously took a mortgage with Masthaven Bank and the loan to value is presently 45% with the Masthaven Bank current book value and I'm looking to purchase another property but do not want to sell my current property at the current market value. I have had CTL from another lender on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Masthaven Bank need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
• I have recently got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger property. Will it be possible to get a consent to let on my new mortgage with Masthaven Bank to allow us to get a mortgage also with Masthaven Bank for a new home?
• I am trying to find out Masthaven Bank fees for conversion to consent to let from a fixed rate residential mortgage?
• I am a Masthaven Bank borrower. I would like to apply for consent to let my house. I have been waiting for a response from Masthaven Bank. Could you please check and help?
• I am enquiring as to whether there are any costs in obtaining consent to let on a freehold property when I have a mortgage with Masthaven Bank