Need Help?

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

Metro Bank Consent to Lease Example Support Desk Enquires

  • I have a colleague who is thinking about leasing their property out and moving in with partner. She has a house in Greenwich and has a £125k mortgage with Metro Bank. What would she need to do to get consent to let if she decides to do this.
  • In what circumstances will consent to let for a property be issued via Metro Bank? How long do you have to have had owned the property before consent to let can be granted by Metro Bank? By way of background:Our home is a very small apartment which is too small for our family, my husband is also unwell and we are far away from family who could offer us a bit of relief, in the form of babysitting. I would be interested in seeking consent to let in the first instance to be able to put a tenant in it to cover the expense of the Metro Bank mortgage.
  • What information do Metro Bank require to have to make a decision on consent to let. I am on a 5 year fix with them. I have always paid the mortgage on time. I am looking at moving to the countryside due to the family getting bigger. I will be retaining my current job and my annual income has gone up 20% since I applied for the mortgage out.
  • Last May I moved out my property in a rush and let out the property. I know I needed consent to let by Metro Bank but was not sure what the future would hold and it slipped my mind to get consent. I find myself in a situation where I want to sell that property and switch the Metro Bank mortgage to a new apartment. I am struggling to find a path to do this without finding myself at the mercy of Metro Bank for not seeking consent to let. When porting, at the time of selling, you must declare your intention to "port the rate" and endure a new set of affordability checks. While I have no concerns with affordability, the credit check may indicate I don't live there any more.
  • We are about to buy a property and plan to live in it once we have refurbished but we may need to let the property out but not clear on what the rules are on consent to let from Metro Bank? We don't require a buy to let mortgage because we are not certain if we will need to let it out at all
  • I would like to know if I have a normal mortgage with Metro Bank and decide to let it out, does the rate increase and are there any additional costs for obtaining consent to let.
  • Is there a set or maximum term how long I could let my house out to a family member with consent to let from Metro Bank. I no longer want to live in the area and want to buy a new home?
  • Are you aware if there is normally a required LTV before Metro Bank will give consent to let?