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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.

Mortgage Express (No 2) Consent to Lease Example Support Desk Enquires

  • In August 2013 I was issued consent to let from my existing mortgage provider which is about to expire. Since I took this out to travel and start a family. I'm not earning enough just now to cover the mortgage on my own. My lender has advised me that I can't extend my consent to let and if I continue renting out I will be in breach of the terms of my mortgage conditions. As a result of my low income I it is likely that I will be refused to transfer to a BTL product. One option I am considering remortgaging to Mortgage Express (No 2). Are they likely to grant consent to let from day one?
  • Is it possible to let out our house minus consent to let from our lender? I am aware that at the time we signed a declaration saying it wouldn't be a buy to let property and that we don't own other property. I know you can't use help to buy if you owned other property at the time, but what about property after the event? Can you purchase a further property, receive a gifted property?
  • I have a current mortgage contract with Mortgage Express (No 2) and wish to clarify if it would be possible to gain consent to let out our three bed flat in Bromley.

    The purpose for wanting to let out the property are are due to: -

    • My family and I will be migrating to Cape Town in 3 months.
    • In renting out the house this will enable us to make some savings to help the migration process.
    • It would be pointless from a fiscal perspective to pay outright for a property which we are not living and by letting out the place this would be deemed as continuing investment.

    If Mortgage Express (No 2) agreed that we are able to proceed with renting we would suggest some financial commitments to include: -

    • Maintain paying the monthly mortgage payment by direct debit.
    • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our forwarding address for when we emigrate.
  • My cousin and his girlfriend currently lodge with me at my two bedroom maisonette. Next Summer I would like to move out of the flat and in with my OH. How likely is it that I will be able to get consent to let from Mortgage Express (No 2) after only having the mortgage for less than half a year?
  • I was just looking into consent to let as it's something potentially I require from Mortgage Express (No 2) within the next 12 months. Our family circumstances has changed, and I would like to rent my home out
  • My OH and I are deliberating a remortgage and also exploring the possibility of renting the property in the future - Is there a charge with Mortgage Express (No 2) to procure consent to let and what are the requirements?
  • I'm intending to change lender to Mortgage Express (No 2) for a fixed rate but during this period would need to rent the property out for about 12 months. Do Mortgage Express (No 2) consent to let on fixed rate home loans and if so, what are the procedures.
  • I am hoping to fix my residential mortgage with Mortgage Express (No 2) but as a result of my job I might have to go abroad for a couple of years. Will Mortgage Express (No 2) allow and grant consent to let and there be any penalty