Consent-to-let Help for M&S Bank

M&S Bank consent to let: Q and A’s

• I'm about to get in touch with M&S Bank for consent to let out my house in M&S Bank. However I currently have the property for sale but there are no takers and paying a full mortgage, council tax and insurance on vacant house is a financial drain. How are M&S Bank going to react if I market the property?

• We just received consent to let from M&S Bank. After some effort, M&S Bank have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. What is that?

• My lender has placed me in an impossible situation with a Consent to Let home loan. Reacting to my requisition for consent to let my bank has requested evidence of an executed Assured Shorthold Tenancy before they will grant consent. If I get a signed tenancy agreement would I not be breaching the lender’s terms and conditions?

• As we are relocating and unable to sell our house, we are mulling over renting it out. Is it imperative to inform M&S Bank? If we do, I think they will want to change our mortgage to buy to let and load the fees etc which we can't afford. I was hoping that if I continued making my monthly payments it shouldn't be an issue, but am now worried about insurance implications if we haven't come clean. Any feedback?
• Were I to let my property with consent to let from M&S Bank will will theyload the interest rate? I am presently on a standard variable rate.
• Can you help with a question...if consent to let is given by M&S Bank would it usually be restricted to a time limit, such as 6 or 12 months?
• I have a domestic mortgage with M&S Bank which is only eight weeks long but I have been moved abroad with my job. How easy is it to get consent to let from M&S Bank for a mortgage that has only just commenced and I have just purchased the property?
• One year into a homeloan with M&S Bank due to work reasons need to relocate. Do you think I can get buy to let or consent to let.