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

Questions and Answers: MBS Lending Ltd consent to let

  • I have to move my daughter’s school by early-January and move to a new area. I don't have time to find a buyer for my house.The short term option is to lease my property out. Currently I have buildings and contents insurance. Am I obliged to take out a different insurance? What should request from MBS Lending Ltd regards to consent to let?
  • If I were to let out my maisonette with consent to let by MBS Lending Ltd, what proof would be required of tenancy? If after twelve months I decided to let it on a number of short term lets, do I still need to provide evidence to MBS Lending Ltd, or will they be content as long as they receive payment each month? For example if I sublet the room individually at a later stage, is there any reason for MBS Lending Ltd to be informed and would they take issue?
  • I am a landlord and currently completing eviction orders on a tenant who is in arear of rent. The relevant proceedings have been served. The tenant's defense for refusal to pay is built on the claim that I do not have consent to let my garden flat from my provider MBS Lending Ltd
  • We have an offer accepted to purchase a house, we have a deposit of between 10-15% for a homeowner mortgage with MBS Lending Ltd. The small issue is we may go overseas in three months for work. We are going through our mortgage broker. She says if you tell this to MBS Lending Ltd in advance we will need to get a buy to let. Do go ahead with residential mortgage with MBS Lending Ltd, in a couple of months seek consent to let? Otherwise, do we try and speak to MBS Lending Ltd at this point and say there is a possibility we will move abroad in the future (I have not signed anything as yet to move abroad) and see if they confirm before hand that it wouldn't be a problem
  • This is not a question specific to MBS Lending Ltd but do mortgage companies usually supply the information I need for my Buy to Let or Consent to Let self-assessment tax returns?
  • I have a question I'd like to ask...if consent to let is given by MBS Lending Ltd would it usually be restricted to a time limit, such as 6 or 12 months?
  • What, if any, income requirements do MBS Lending Ltd set for consent to let on an existing homeowner mortgage?
  • I am looking at an offer to work abroad and have been advised that I need to let MBS Lending Ltd know so my mortgage is under consent to let? Please could you clarify the best way to go about this?