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.

Common questions relating to MBS Lending Ltd consent to lease

  • Is consent to let needed from MBS Lending Ltd or can I rent out my basement flat without telling MBS Lending Ltd and being forced to switch to a B2L loan?

  • I'm planning to remortgage my garden flat, currently tenanted with consent to let from MBS Lending Ltd, onto a BTL rate as we will not be moving back into it now since we have our family home. So, I'm assuming I need a specialist financial adviser for this and I am not really au fait with what is available in this area. Can you recommend a good broker service specialising in BTL?
  • A colleague recently asked for CTL from the Woolwich which they refused because the mortgage had not been going for even half a year. I am about to request consent to let from MBS Lending Ltd. Do they take the same stance?
  • We are currently in Dubai and letting out our property in Westminster. This was unplanned but an opportunity came up and we took it. The rental income is insufficient to cover the mortgage so we transfer money each month to cover the difference. Yesterday I got a letter in the mail from our lender telling me that as the property is being let out and has been for almost three years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell up but this will not be easy as I am on the other side of the world. Could we remortgage with MBS Lending Ltd and get consent to let?
  • When it comes to consent to let from MBS Lending Ltd am I supposed to advise them each time we get a new tenant and send them a copy of the lease document?
  • I wish to rent out my property. Do I simply mail a letter to MBS Lending Ltd requesting consent to let out the house?
  • My mortgage has been with MBS Lending Ltd for eight years. I would like to apply for consent to let my property. I have been waiting for MBS Lending Ltd to get back to me. Are you able to please check and help?
  • I am planning on relocating within the next eight months and would like to lease my property out. My interest rate is fixed with MBS Lending Ltd. I am worried a rate hike would be too much if that was linked to receiving consent to let