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.

Frequently asked questions relating to MBS Lending Ltd consent to lease

  • I have my two bedroom first floor purpose built flat in Hillingdon on the market but despite a couple of viewings there is a lack of interest so far. As a fall back position I am considering leasing out the property if cant find a buyer. I dont foresee a problem getting consent to let from the freeholder. My financial adviser has told me that in such circumstances I may be obliged to switch to a B2L mortgage yet I probably don't have sufficient equity. What's my exposure if I if hypothetically I was to retain the current MBS Lending Ltd home loan and rent out the flat without telling them I was told that they can put a marker on you for mortgage fraud once find out. Is that right?
  • I am a letting agent. If a landlord opts to lease out their house without consent to let from MBS Lending Ltd - what liability do I have, if any? Technically the landlord isn't committing a crime, however, they would be breaking their contract with the MBS Lending Ltd, as MBS Lending Ltd most probably require to be informed of any change in circumstances. If I look the other way could I be accruing problems for my agency?
  • We have an offer accepted to purchase a property, we have a deposit of between 10-15% for a homeowner mortgage with MBS Lending Ltd. The small problem is we may leave the country in 2 months for work. We are using a mortgage broker. She says if you tell this to MBS Lending Ltd 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? Alternatively, do we try and contact MBS Lending Ltd at this point and say there is a chance we will move abroad in the future (nothing is definite regarding the move abroad) and see if they confirm before hand that it wouldn't be an issue
  • I am looking for our family to move to give us all more space. We are planning to purchase another house in the near future. The house was valued at £185k and we have about £65k left to pay on the MBS Lending Ltd mortgage. We would ideally like to keep this house as an investment property and rent it out with consent to let. Can you have a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • I am looking to get consent to let on my Haringey apartment from MBS Lending Ltd. I will be leaving the UK for 10-12 months and so want to know if I can let my apartment
  • If I am tied into a fixed rate with MBS Lending Ltd but am deliberating on letting out my property, is there a cost for consent to let from MBS Lending Ltd and does the interest rate alter?
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a half year rule before consent to let - does this apply to all lenders. Is there any way MBS Lending Ltd would grant consent to let at the outset?
  • Me and my husband may need to lease our home temporarily due to a new job. This will be for a limited period but perhaps for threeyears. Should I tell MBS Lending Ltd or do I keep my head down?