Need Help?

Need professional advice for your consent to let with The Mortgage Works? 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 The Mortgage Works consent to lease

  • Hello, I have a mortgage on an apartment with The Mortgage Works and I am contemplating the idea of renting the property out. Can I do this without transferring to a BTL or receiving consent to let from The Mortgage Works?
  • I have a one bedroom apartment in Lewisham let out which has a seventy year lease. Mortgage adviser said I should refinance (currently with The Mortgage Works) as a buy to let rather than consent to let and release 55-60k which on top of a new homeloan based on income multiples would give me a budget of £210k. Not much about in Bromley for me to buy my own property. A lease extension will be in region of 21k. Lease out with consent to let or sell the flat?
  • I'm twelve months into a two year fixed mortgage with The Mortgage Works. The LTV is just 40%. I've got what I think is a really good deal on a ground floor flat in Wandsworth which I would not want to miss. It appears that the only way to purchase the other property is to take out some good chunk of equity. I'm thinking of letting the current home which would adequately cover the mortgage with The Mortgage Works. Can I get a consent to let from The Mortgage Works and ask for additional borrowing after it's let out?
  • We are intent on buying a house, renting two of the rooms out to help cover the mortgage with The Mortgage Works, and then moving on in a few years time - at which point the property would be entirely let. Is it likely that The Mortgage Works would frown upon this as I will have been given a non-commercial mortgage as opposed to a B2L or consent to let? I've read that the worst possible outcome is that they can sue for mortgage fraud, is this right?
  • Morning? I am just wondering if The Mortgage Works offer consent to let as an option if I decided to rent out my property under a homeowner mortgage. Is there a specific rule for right to buy property and consent to let?
  • Is it possible to negotiate a consent to let from The Mortgage Works if I have a current mortgage which has been in place for ten years?
  • I have had my mortgage with The Mortgage Works for the past eighteen months and I am at present just wanting clarification as to whether gaining a consent to let is likely.
  • Is there flexibility in the accepted equity ration before switching from a current The Mortgage Works mortgage to a consent to let?