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.

Examples of recent questions relating to The Mortgage Business consent to let

  • My mortgage is nearing reissuing with The Mortgage Business. The house has been tenanted for a couple of years and I now realise that I should come clean toThe Mortgage Business. I understand that I can ask for a consent to lease, but given that the property has already been rented out could they decline - require that I go onto a BTL rate and even apply a penalty? There is excellent equity - 30% LTV and have never missed any payments.
  • We just obtained consent to let from The Mortgage Business. After some effort, The Mortgage Business have issued me with ‘consent to let’ confirmation . The conditions attached to the consent refer to an assured shorthold tenancy. What is that?

  • I previously took a mortgage with The Mortgage Business and the LTV is presently 45% with the The Mortgage Business current book value and would like to buy a further property but do not want to sell my existing property at the current market value. I have consent to let from an alternative mortgage provider on a previous property so know a bit about them and I also have buy to let with Accord on another property. Does the expected rental income on a consent to let with The Mortgage Business need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • Since we are relocating and unable to find a buyer for our flat, we are thinking about renting it out. Is it imperative to disclose this to The Mortgage Business? I am concerned that The Mortgage Business might change our terms. I thought if you continued paying on time it shouldn't be a problem, but am now nervous about insurance consequences if we haven't come clean. Any feedback?
  • Evening? I am just curious whether The Mortgage Business offer consent to let as an option should I decided to lease out my home under a residential mortgage. Is there a specific rule for right to buy property and consent to let?
  • We have a consent to let letter that I have obtained from my management company. I would think I need to attaching this with a letter to The Mortgage Business with a view to seeking consent to let from them. What address shall I post it to?
  • My wife and I want to let our house out and use the rental income to pay rent on a house in Newham. How likely are we to be given consent to let by The Mortgage Business without being forced onto a BTL product.
  • I would like to know if I have a domestic mortgage with The Mortgage Business and decide to rent it out, does the rate get loaded and are there any additional charges for seeking consent to let.