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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.

Top Five Questions relating to Masthaven Bank consent to lease

  • I previously got consent to let from Masthaven Bank two yrs ago but never used it and have since refinanced with another lender. I recently asked for consent to let. I was told it would be authorised since their requirements were met. Yet recently received a letter advising me that I must provide a letter from the DWP evidencing that that are aware of my current situation before they can issue authorisation. They said this is policy but I have not been able to find these T&Cs on their site. I did complain about the inference that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £40 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • I want to see if I can get consent to let on my current property. I have a mortgage with Masthaven Bank but my circumstances have changed. I'm looking to move in with my partner and son who have a house and more room than my 1 bed home. I am sure that I will not qualify for a buy to let loan as I don't have the funds for a deposit nor do I earn more than £25000 per annum.
  • Earlier this year I rented out my garden flat and have gained a Consent to Let with my mortgage provider. Half a year has now elapsed and they have upped my repayment percentage as previously advised. I am unwilling to transfer to a more favourable product with them, as they will withdraw my consent to let. If I was to go with another provider such as Masthaven Bank, would I need to take out a BTL loan or could I simply refinance and get consent to let?
  • I have a Masthaven Bank mortgage and have been renting my apartment minus consent to let, making me in contravention of my mortgage contract. I fear that they have sussed that I am not residing there. What are the legal connotations of my failure to secure consent to let?
  • I don't currently have consent to let by Masthaven Bank but I would like to change to one, An opportunity has arisen which might involve me working away for eighteen months. But want to keep my house for when I come back - are you able to assist?
  • I have tenants ready to move in and I have mortgage offer from Masthaven Bank on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
  • Please can you inform me how much the fees are and if Masthaven Bank typically issue consent to let without transferring to a commercial rate?
  • We are looking in more information regarding consent to let from Masthaven Bank. Would an acceptable reason be parking problems and the property is too to small for me?