Need Help?

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

  • Frank (my fiance) and I may need to let our Southwark home for a while due to me taking a sabbatical. This will be temporary but possibly for as long as 4 years. Do I inform Masthaven Bank or am I best advised to just keep quiet?

  • I'm about to contact Masthaven Bank to obtain consent to let out my property in Masthaven Bank. However I currently have the property for sale but there without a sniff of interest and paying a full mortgage, council tax and insurance on an empty house is exhausting my finances. What approach would Masthaven Banktake if I have the house on the market?

  • I am about to write to my lender Masthaven Bank explaining the following logic for me asking for consent to let ; "I am struggling with the monthly mortgage amount and thinking about a to move to a smaller property but can't sell. I wish to avoid defaulting on the mortgage and have thought about giving over the keys. If you issued consent to let this will likely solve things." What are the chances that this will result in a positive response?
  • Having spent twenty years in the capital, I'm considering relocating to be closer to family. We've only been homeowners for the last two years and about to refinance with Masthaven Bank. In Ealing, we are be looking at a 4 bedroom house around the £250k mark. I would preferably like to retain my existing flat. Could I ask for Consent to Let from the proposed new mortgage provider Masthaven Bank. If granted what are the likely conditions?
  • If we ask for a consent to let letter from Masthaven Bank will we be required to convert to buy to let mortgage? Our mortgage is with Masthaven Bank and as properties are not currently selling but we have seen one we like we were considering letting our home out in order to purchase the new and sell this one when the market picks up.
  • Is it possible to refinance with Masthaven Bank with consent to let if my fixed rate is reaching it’s end. Circumstances would not have changed.
  • How likely is it that I can keep my existing residential mortgage with Masthaven Bank if I start renting out? If the consent to let is given will they load the interest rate?
  • I have a mortgage with Masthaven Bank but would like to let my house out and move in with my girlfriend and baby what is required to get consent to let?