Need Help?

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.

Sample questions relating to MBS Lending Ltd consent to let

  • A friend of mine has been renting her house from the same landlady for nearly 18 months. During the last year my friend has been getting letters from MBS Lending Ltd (she hasn't opened them-it is clear from the envelope). For the first five or six she forwarded them to her landlady's address. My suspicions were aroused as none of the landlady's post was meant to be going there. I decided to go to my friends house and called MBS Lending Ltd on her behalf. The guy I called at MBS Lending Ltd asked all sorts of questions, the landlord’s details, the tenant's details and then said they were going to look into whether she could legallylet out the house or if it was an offence without consent to let. Are you able to shed anymore light on this?
  • I understand the GGT financial repercussions if any of switching a MBS Lending Ltd mortgage to consent to let, but what about the ongoing rental revenue vs outgoings? Say I have converted my former owned garden flat into CTL and vacated and pay rent elsewhere. Is there any way to expense the rent I am paying from the rental revenue?
  • I found tenants for my flat a year ago and didn't tell MBS Lending Ltd. I have a five year residential mortgage (large amount of equity in it, never defaulted) and want to let MBS Lending Ltd know and get consent to let for the final 24 months of my mortgage . Not sure how to go about this.
  • I am a letting agent. If a landlord opts to lease out their property without consent to let from MBS Lending Ltd - have I failed in my duty of care? My guess is that the landlord isn't breaking the law, however, they would be breaking their contract with the MBS Lending Ltd, as MBS Lending Ltd invariably require to be informed of any change in circumstances. If I turn a blind eye could I be accruing problems for myself?
  • I would like consent to let on my Haringey flat from MBS Lending Ltd. I will be leaving the UK for a year and so want to know if I can rent out my flat
  • I'm wanting to know the criteria for consent to let from MBS Lending Ltd and anyassociatedcosts involved. Recently I have moved in with my husband and have a friend renting from me.
  • I have fixed rate mortgage with MBS Lending Ltd. I am going have to let out my flat due to necessity. If I apply for consent to let, will I have to pay a lot more interest?
  • I might potentially need consent to let from MBS Lending Ltd in the future with work. I am just seeing what the options would be if this was the case. Is there a limit on the length one can let out a property with consent?