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Need professional advice for your consent to let with Masthaven Bank? 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 Masthaven Bank consent to lease

  • A couple of years ago I was granted consent to let from my current mortgage provider which is about to come to an end. Since I took this out to travel and start a family. My part time salary is not sufficient just now to cover the mortgage on my own. I have been told I can't extend my consent to let and if I continue renting out I will be in contravention of the terms of my mortgage conditions. As a result of my low income I don't think the buy to let will be approved. One option I am thinking about is remortgaging to Masthaven Bank. Are they likely to give consent to let from the start?
  • I'm purchasing a three bed flat in Merton. I am only looking to live there for a year, and subsequently move into a larger flat. Rather than sell the prior home my preference would be to rent it out so that it form part of my investment portfolio. Do you know if Masthaven Bank would give consent to let in such circumstances?
  • We are FTBs, presently renting. We want to purchase a studio flat in Sutton. We want to move there, but will need to wait for a job - perhaps 2-3 years. Do we have to seek a buy-to-let mortgage? Could we have a normal mortgage with Masthaven Bank, because we intend to move there soon? Alternatively could we live there for half a year, then start renting it with consent to let from Masthaven Bank? I'm only interested in suggestions that are entirely legal, and have no intention of breaching the terms of the mortgage with Masthaven Bank.
  • Last month I got married and my wife and I would like to purchase a family home in the coming year, whilst keeping our maisonette in Havering we currently live in to rent out. Mortgage on the flat is with Masthaven Bank. I don't want to put myself in a situation with two residential properties only to be refused consent to let.
  • I am looking at moving abroad for work and would like consent to let from Masthaven Bank whilst I am away. Is the way forward to complete the consent to let form and send it off in the post to Masthaven Bank? The point of renting the property isn't to make money but to retain the house in case things don't turn out as well as we hope
  • Were I to let my property with consent to let from Masthaven Bank will will theyload the interest rate? I am currently on a fixed rate for two years.
  • My daughter has a mortgage with Masthaven Bank and she wants to lease her apartment out as she moving in with her boyfriend.Will she be given consent to let? What is the procedure and fees involved?
  • I am relocating for work for up to a year... I was wondering if I was able to obtain from Masthaven Bank consent to let the property out while overseas as I am reluctant to leave it vacant for that long