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.

Sample questions relating to The Mortgage Works consent to let

  • The tenants for my property have asked for evidence of my ‘consent to let’ from The Mortgage Works, my bank. Is this a standard request?

  • A year ago my lender (not The Mortgage Works) granted me with consent to let. The condition was that every 6 months they would levy a charge of half a percent of the outstanding mortgage amount. Having the first few payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been withdrawn.
  • We have a fixed rate mortgage with The Mortgage Works for 2 years and have been living in the property for just over half a year. Due a job opportunity abroad I need to leave so I would like to lease the property out. What is the best way to go about getting consent to let from The Mortgage Works?
  • I understand that this is a contravention of The Mortgage Works mortgage policy if I lease out my property having informed that I intend to reside there. The hope is to redeem the home loan after five years, by which time the property will be unencumbered, meaning I no longer require any consent to let. The Mortgage Works advised me I can overpay as much as I like during the lifetime of the mortgage. I know someone who wants to rent the property. What are the chances of The Mortgage Works discovering that I am not living at the address? What are the implications of not obtaining consent to let? From what I have read there is a possibility of The Mortgage Works transferring the loan onto a BTL mortgage
  • My OH and I have already let but only just realised The Mortgage Works ought to have been informed and consent to let applied for - can consent be obtained retrospectively?
  • I am looking to The Mortgage Works to issue me with consent to let out my basement flat in Islington. I am about to commence a PhD opportunity in Maastricht University, Netherlands
  • One year into a mortgage with The Mortgage Works due to job offer.. need to relocate. Is it possible to get buy to let or consent to let.
  • About to remortgage my home but I will potentially moving out in the near future and would be looking to let it out. How quickly can you get consent to let from The Mortgage Works?