Need Help?

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

Sample questions relating to MBS Lending Ltd consent to let

  • Is consent to let needed from MBS Lending Ltd or can I lease out my property without telling MBS Lending Ltd and being forced to convert to a buy-to-let mortgage?

  • Current residence worth £95k. Remaining mortgage £32k with half a dozen years left. Apply for consent to let from MBS Lending Ltd for current flat and make use of income to pay off what is left of mortgage. Take out 70 % MBS Lending Ltd loan on second property that I will consider to be my primary residence? Is this viable?
  • I wish to let my current residence as I wish to purchase a larger house for the family. I have a two year fixed mortgage with MBS Lending Ltd. On the basis I get the consent to let as I understand banks are more than likely to push me towards getting BTL mortgage when the fixed term is finished. Could I remortgage after a couple of years with another lender? What implications does that have apart from the higher rates - will I need a higher equity portion in the property too ie lower ltv?
  • We have an offer accepted to purchase a property, we have a deposit of between 20-25% for a homeowner mortgage with MBS Lending Ltd. The one concern is we may leave the country in 2 months for work. We are using a mortgage broker. He says if you tell this to the lender up front we will need to get a buy to let. Do go ahead with residential mortgage with MBS Lending Ltd, shortly thereafter ask them if I can have consent to let? Otherwise, do we try and speak to MBS Lending Ltd at this point and disclose there is a possibility we will move abroad in the future (nothing is confirmed regarding the move abroad) and see if they agree in advance that it should not be a problem
  • My fiance and I were enquiring if it's possible if you own one property with consent to let from MBS Lending Ltd, to buy a second with a domestic mortgage to live in. Then once the consent runs out on the first property, to switch to buy to let or sell it?
  • I would like to rent out my flat for 3 years max. I would like to know if I could have a consent to let from my current mortgage lender MBS Lending Ltd?
  • Is there discretion in the accepted equity ration before switching from a current MBS Lending Ltd mortgage to a consent to let?
  • I have a mortgage with MBS Lending Ltd taken five months back where I moved from another mortgage provider. Can I now rent my property with consent to let from MBS Lending Ltd as I am looking to purchase another property.