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

Top Five Questions relating to Mortgage Express (No 2) consent to lease

  • How easy is it to switch a homeowner mortgage with Mortgage Express (No 2) to a consent to let. It will be less than 65% ltv and it would alter from repayment to an interest only mortgage?
  • I am looking for some preliminary insight as to whether consent to let is a sensible option. I completed the purchase of my flat 6 months ago by porting an existing Mortgage Express (No 2) mortgage product. My fixed rate came to an end four months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Mortgage Express (No 2), which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to move to a buy to let mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a viable option for myself and 2) I need to come up with additional capital to satisfy the 65% LTV ratio required for a BTL loan. Ideally I would like to receive consent to let from Mortgage Express (No 2) for 1-2 years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, reoccupy it.
  • My fixed rate mortgage with Mortgage Express (No 2) comes to an end on 13th October. I am required to relocate to Manchester for my Job in next month. I wish to rent the house in the short term. Can I get a consent to let the property?
  • I have been serving in the Royal Navy for five years and planning to buy a house using a Mortgage Express (No 2) mortgage. I would like to get consent to let the property to my sister. In the future I would reside in the property myself when my military career comes to an end. Will I need to apply to my Commanding Officer to request permission to rent it out?
  • Were I to let my property with consent to let from Mortgage Express (No 2) will will theyjack up the interest rate? I am presently on a standard variable rate.
  • I have a question I'd like to ask...if consent to let is granted by Mortgage Express (No 2) would it usually stipulate a time limit, such as 6 or 12 months?
  • I am considering moving in with my fiance at his home and would like to rent out my property that I bought last summer, I'm just not sure of the process as my property is my first home. What hoops do I need to jump through to get consent to let from Mortgage Express (No 2) If I obtain consent will my mortgage payments increase?
  • I am going away for work for as long as 12 months... I was wondering if I was able to get from Mortgage Express (No 2) consent to let the house out while abroad as I do not want to leave it unattended for that long