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.

Recently asked questions relating to The Mortgage Business consent to lease

  • I have a standard mortgage over my residence in loc with the intention of relocating abroad to country for a couple of years. During this period I want to lease out my flat. My lender refuses to issue a consent to let. I don’t really want a buy to let mortgage as it’s only for a short period that I am going away for.

  • I'm looking to remortgage my ground floor flat, currently rented under consent to let from The Mortgage Business, onto a BTL rate as we will not be moving back into it now since we have our family home. So, I'm assuming I need a specialist financial adviser for this and I am not really conversant with what my options are. Are you able to offer any advice on an efficient broker service specialising in BTL?
  • I have found myself in the accidental landlord situation and didnt inform The Mortgage Business. I had to vacate my property for career reasons, so am now based in another part of the country. I originally tried to sell the flat, but prices were low, which meant I was in negative equity. This was four years ago in 2012, which has since seen the property price increase and has given me time to accumulate savings. I am in now in a position where I can now switch to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert The Mortgage Business that I have been letting without consent to let? I am aware that I shouldn’t have done what I did, but circumstances backed me into a corner. Can I change to a BTL without The Mortgage Business knowing what I’ve done?
  • Last month I got married and my wife and I would like to buy a family home in the coming year, whilst keeping our one bedroom apartment in Tower Hamlets we currently live in to rent out. Mortgage on the flat is with The Mortgage Business. I don't want to put myself in a situation with two residential properties only to be refused consent to let.
  • I'm planning to relocate to Kenya for eighteen months for my job but I don't want to convert the mortgage to BTL as the intention is to reoccupy it when I return. Do you know if The Mortgage Business charges extra on the interest? Is there any work around?
  • We are about to buy a flat and plan to live in it once we have refurbished but we may need to let the property out but not clear on what the rules are on consent to let from The Mortgage Business? We don't need a buy to let mortgage because we are not certain if we will need to let it out at all
  • Will The Mortgage Business choose to operate a right to switch the rates on a homeowner mortgage where Consent to Let at any time, onto ‘rates equivalent to their Buy to Let range'? Is it possible to refinance on a consent to let with The Mortgage Business?
  • I am interested in consent to let for my home mortgaged with The Mortgage Business. How do I proceed? Do I have to apply to The Mortgage Business and get them to agree?