Need Help?

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

Frequently asked questions relating to Masthaven Bank consent to lease

  • My husband and I bought a terraced property in 2013 for 155,000 with Masthaven Bank. My husband’s job requires him to relocate to Qatar and appreciate that I have to request consent to let from Masthaven Bank. Do you have any experience of consent to let from Masthaven Bank?

  • In the coming months I wish to move house and I am wondering if I can get consent to let on my property then get a mortgage approval for the new house so I can effectively bid thus being chain free and then rent my property out when I move. Will my lender Masthaven Bank grant consent to let for six months if they know I am looking to purchase a further property or only where one is moving short term for my job?
  • I may have the chance to go and work overseas in a couple of years. I am therefore thinking of downsizing to a newbuild apartment in Lewisham which I could rent out more easily when the time comes. I would aim to retain half the equity in the new property which would be my home for a while. My current mortgage co will only grant consent to let for 12 months. I suspect renting it out longer term and not having consent could land me in a whole host of trouble. B2L seems inappropriate given that I will be living there, maybe for 2-3 years initially. What type of mortgage do I ask for, and from which lender? Would, for example, Masthaven Bank grant consent to let for more than a year?
  • My wife and I are looking to let our garden flat out. We have put an offer on another property for us to buy and have a tenant to move into ours. I assume I have to ask our lender Masthaven Bank for consent to let. I wonder if there is a standard consent to let request letter I can copy?
  • How simple is it to obtain a consent to let from Masthaven Bank and what are the fees? If I want to let out my property for two months how simple is it to chop and change between a normal mortgage and consent to let?
  • I would like to know if I have a domestic mortgage with Masthaven Bank and decide to lease it out, does the rate change and are there any additional charges for seeking consent to let.
  • I am a Masthaven Bank borrower. I would like to apply for consent to let my property. I have been waiting for a response from Masthaven Bank. Are you able to please check and help?
  • Assuming that I was successful in obtaining consent to let from Masthaven Bank, could I sell during the consent period? Is it possible that I would incur any charges?