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.

The Mortgage Business Consent to Lease Example Support Desk Enquires

  • I have a residential loan with The Mortgage Business. I wish to buy a second property and my mortgage broker advised me to apply for a consent to let. I was under the impression that they only grant consent to let if I have the intention to reoccupy my current home. Am I getting accurate advice?
  • After retiring last year I purchased a “retirement home” for my wife and myself to move to. We would like to let our current property to our son and I have therefore applied to The Mortgage Business for consent to let. Do you think this is likely to be issued?
  • My fiance and I might have to rent out her flat, and I have a query regarding getting authority to do so. I know I need to inform The Mortgage Business and get a consent to let or change to a BTL mortgage. But the property is leasehold, so do we have to get consent to let from the residents association?
  • My understanding is that this is a breach of The Mortgage Business mortgage policy if I let out my flat having informed that I intend to live there. The plan is to have the mortgage fully paid off after four years, by which time the property will be mortgage free, meaning I no longer require any consent to let. The Mortgage Business advised me I can overpay as little as I like during the agreement. I have someone who wants to rent the property. What are the chances of The Mortgage Business finding out? What are the consequences of not obtaining consent to let? From what I have read there is a possibility of The Mortgage Business bumping up the interest rate
  • I have had my mortgage with The Mortgage Business for the previous eighteen months and I am at present just wanting clarification as to whether gaining a consent to let is likely.
  • We need to rent out my home to be nearer to my son’s college and look after of my mother. How long will the consent to let take to get from The Mortgage Business? a month?
  • What, if any, income criteria do The Mortgage Business set for consent to let on an existing domestic mortgage?
  • I am enquiring as to whether there are any charges in getting consent to let on a leasehold property when I have a mortgage with The Mortgage Business