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Need professional advice for your consent to let with M&S Bank? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Questions and Answers: M&S Bank consent to let

  • I have a shared ownership home in Greenwich and will be looking to buy out the rest of the property. However, within the next six months I may be working in Canada for a short period of time so would like to know what approach M&S Bank take to consent to let as I am considering a remortgage with them. I am by no means sure that they will lend on my property but in the meantime can you provide further detail on their consent to let criteria?
  • My partner and I intend to lease out our flat in Bromley which is on a homeowner mortgage with M&S Bank . Obviously I will ask for a consent to let. Assuming there is a charge for the consent to let can this amount also be claimed as a deductible expense on my tax return to the tax authority?
  • How long do I need to have a further advance from M&S Bank before one is eligible for consent to let. Can I speak with a member of your team to go through my options please?
  • I need to decide what to do ie let or sell. I have a M&S Bank mortgage on my property (with quite a bit of equity). I want to buy and live in a second house but keep my old house and rent it out. What is the best way to fund a second mortgage without selling my old property and using the equity as a deposit for the new property. Is there anyway I can change my old mortgage to a buy to let mortgages or obtain consent to let and take on a second mortgage without having a deposit to put down.
  • My wife and I are nine months into a five year first time buyer mortgage with M&S Bank. Just wondering if it's ok to lease out the flat on my current home loan. Will M&S Bank issue consent to let?
  • Do I need to wait for consent to let to be issued on my existing residential mortgage with M&S Bank before applying for a resi mortgage on a new property?
  • Me and my wife are considering applying to M&S Bank to obtain consent to let our house, how long does it take from the point of sending the forms to us finding a letting agent and listing our house for rent? and are there any further steps we will need to take?
  • We've spoken to someone at M&S Bank about switching our existing homeloan to consent to let (the existing fixed rate expires in summer next year). Can I just confirm that I need to send a letter explaining our change in circumstance to M&S Bank? Where do I need to post it to?