Need Help?

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

Common questions relating to The Mortgage Business consent to lease

  • I am wanting to contact my lender The Mortgage Business explaining the following logic for my request for consent to let ; "I am having difficulties with the mortgage and wish to move back with my parents but can't sell. I am very concerned by failing to make payments and have thought about giving back the keys. If I had consent to let that may solve things." Is this likely to result in a positive response?
  • I moved out of my flat about five months ago but didn't get around to get a consent to let letter, partly because the mortgage fix rate period is ending in 2 months and I am thinking about getting a new mortgage in any event. I want to ask for the letter now, is that going to open up a Pandora’s box?
  • Am I required to notify The Mortgage Business of my intention to rent a shed out on the grounds of my property. Can you help clarify? I am seeking separate advice on the insurance, legal and tax side of things .
  • My wife and I have a flat in Haringey which we acquired off-plan just over twelve years ago. As childen are growing up we need a larger home. We've found a property in Bexley that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with The Mortgage Business and we've found a tenant who will pay rent in excess of the monthly mortgage payment. My question is, can we hold onto the repayment mortgage with The Mortgage Business so we effectively paying off our mortgage on the flat or do we have to transfer to a buy-to-let product?
  • Do you know if I can retain my existing domestic mortgage with The Mortgage Business if I start renting out? If the consent to let is granted will they load the interest rate?
  • I am interested in further information regarding consent to let mortgages, potentially moving our existing mortgage with The Mortgage Business across to a consent to let one.
  • What, if any, income criteria do The Mortgage Business set for consent to let on an existing homeowner mortgage?
  • Are you aware if there is normally a required loan to value amount before The Mortgage Business will consider consent to let?