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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.

Masthaven Bank consent to let: Q and A’s

  • I obtained consent to let from Masthaven Bank 3 yrs ago but never used it and have since refinanced with a new lender. I recently sought for consent to let. I was informed that it would be given since I met the criteria. I have now got a communication informing me that I must supply evidence 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 discontinue claiming
  • Me and my OH have a flat in Westminster which we purchased as a new-build approximately twelve years ago. As the family is growing we need a bigger place. We've found a property in Brent that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with Masthaven Bank and we've found a tenant who will pay rent in excess of the monthly mortgage amount. My query is, can we keep the repayment mortgage with Masthaven Bank so we effectively paying off our mortgage on the property or do we have to move it to a buy-to-let product?
  • We are looking to let our two bedroom ground floor purpose built flat out. We have put an offer on another property for us to buy and a tenant at the ready to move into ours. I believe I have to ask our mortgage provider Masthaven Bank for consent to let. Is there a standard consent to let request letter I can use?
  • Due to a change in personal circumstances my husband and I are moving to my parents house while they are away and letting our home out. We are going to need for consent to let from Masthaven Bank. Will this be given? We will need to remortgage in the next twelve months will we then have to move to a BTL mortgage. We intend to return to our home at the beginning of 2017?
  • Due to work opportunities I will be relocating to Wales and would like to rent the flat temporarily, are you able to confirm what action I need to take in order to get consent to let from Masthaven Bank?
  • I wish to be informed of the definitive criteria and procedures in place to switch my Masthaven Bank mortgage to a consent to let?
  • We have a mortgage with Masthaven Bank at present and just enquiring if there any costs for obtaining consent to let
  • My mortgage has been with Masthaven Bank for eight years. I would like to apply for consent to let my home. I have been waiting for a response from Masthaven Bank. Are you able to please check and help?