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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.

Questions and Answers: Metro Bank consent to let

  • Under what scenarios will consent to let for a property be granted via Metro Bank? For what period of time do you have to have had the mortgage before consent to let can be obtained from Metro Bank? By way of background:We were living in a very small 1 bedroom flat which is too small for us, 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 obtaining consent to let initially with a view to put a tenant in it to offset the costs of the Metro Bank mortgage.
  • Because of my career, I am in a position where I anticipate that Metro Bank will grant me with Consent to Let from day one of purchasing a property. I currently intend to purchase a property locally and rent it out, I will remain in the house that is provided (rent payable) by my employer. As I will be leasing out the property I will clearly have to prepare a Self Assessment Tax Return, but I just want to check that although it is my only property (and it is not on a buy to let mortgage), can I claim Tax relief on the interest on my mortgage and the associated costs of renting out the property. I have only been able to track down advice for those with a buy-to-let mortgage, but mine will technically not be B2L.
  • The plan is to move in with my partner and I have let my property out to 2 tenants on a twelve month AST. I am now applying for consent to let from Metro Bank but what if they refuse. I can’t renege on my contract in terms of backing out of renting the students as the paperwork is finalised. On the flip-side Metro Bank could sue me for breach of contract i.e. letting it out without consent to let.
  • My house had been let to students for three years between 2010-2013 while living abroad. I have a letter dated June 2010 from the building society granting consent to let. In the letter it clearly states that the consent to let is valid for "the remaining term of the mortgage". I have not changed product since the letter was sent. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not be sufficient for the new lender Metro Bank for the house I intend to buy.Your view would be appreciated
  • Due to job opportunities I will be relocating to Wales and would like to rent the flat temporarily, are you able to confirm what action I need to take in order to obtain consent to let from Metro Bank?
  • I may be looking to rent out my property and wondered what I would need to do to get consent to let by Metro Bank. There is a possibility that I might be moving abroad for a year.
  • Is consent to let a cost efficient way of becoming a landlord? Isn't this a loophole for some people to exploit?
  • I need to lease out my home to be nearer to my son’s uni and look after of my father. How long will the consent to let take to get from Metro Bank? a month?