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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.

Frequently asked questions relating to Mortgage Express (No 2) consent to lease

  • I need to move my son’s school by early-September and move to a different area. there is insufficient time to sell my house.The only way I can see of doing it is to lease my house out. Currently I have standard occupiers insurance. Am I obliged to take out a different insurance? What should request from Mortgage Express (No 2) regards to consent to let?
  • I will soon be relocating to Hong Kong. As opposed to sell my house, I would like to lease it out, just in case things don’t pan out. My existing mortgage is with Mortgage Express (No 2). If I applied for a refinance would a new lender view this as me attempting to avoid a Buy To Let mortgage, of which there is very restricted availability for 80% LTV, and hence turn down my request for Consent to Let?
  • My property recently got consent to let on a homeowner loan with Mortgage Express (No 2) with a view to moving to a buy-to-let rate when the fixed rate expires in a few months' time, so I'm not sure if this adds to the complexity of the issue! Any recommendations much appreciated.
  • I have a normal mortgage coming up for renewal with Mortgage Express (No 2). I have had the house rented out for two years and I think I should have disclosed this to Mortgage Express (No 2). I understand that it is possible to ask for a consent to lease, but bearing in mind that the property has already been let out could they deny - insist I switch a BTL rate and even fine me? I have over 50% equity in the property - and the rent will more than cover the monthly loan payments.
  • Is there a maximum period that Mortgage Express (No 2) is willing to grant me the Consent To Let for?
  • My GF is considering purchasing a new property in Harrow and is on to a good deal as it needs renovating. We want to rent our current property for 2 years and come back to live. Will I be granted a consent to let by Mortgage Express (No 2)?
  • I am thinking of moving in with my girlfriend at her home and would like to rent out my property that I bought twelve months ago, I'm just not sure of the process as my property is my first home. What do I need to do to gain consent to let from Mortgage Express (No 2) If I obtain consent will my mortgage payments increase?
  • My wife and I took out a mortgage with Mortgage Express (No 2) a few months ago and although it's still early days we may have to relocate around next September or October and would like to be able to rent our property out. Would this be possible with a homeowner mortgage?