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 am a FTB looking to purchase a 2 bedroom house in MBS Lending Ltd. I have a significant deposit and expect a mortgage from MBS Lending Ltd. My concern is that my partner owns a apartment in Maida Vale and I can foresee myself moving in next month, at which point I would have to let out my house. I have heard of consent to let but it does not sound like a guaranteed option. Can you offer any advice?

  • I have a colleague who is talking about leasing their house out and moving in with partner. She has a house in Ealing and has a £80k mortgage with MBS Lending Ltd. What would she need to do to get consent to let if she decides to proceed.
  • Earlier this year I let out my garden flat having secured Consent to Let with my bank. Half a year has now elapsed and they have loaded my payments as previously advised. I am unwilling to change to a preferable product with them, as they will revoke my consent to let. If I was to go with an alternative mortgage lender such as MBS Lending Ltd, would I be required to obtain a B2L loan or could I just refinance and ask for further consent to let?
  • Can you explain "consent to let" to me? I live in a 1 bed flat and its in good condition. It is on the market and I can't find a buyer. This is because my neighbour is a drunk and assaulted me last year. I was obliged to put it on the disclosure sheet. Mortgage is with MBS Lending Ltd on a standard variable rate. It has been suggested to me that I should get consent to let by MBS Lending Ltd and rent the flat for a year or two.
  • Do you know whether MBS Lending Ltd will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would MBS Lending Ltd let me raise capital based on the rental revenue ?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with MBS Lending Ltd. My property is worth approx £185k and owe £85k on it. How likely is it that MBS Lending Ltd increase my interest rate?
  • I am interested in further information concerning consent to let mortgages, potentially switching our existing mortgage with MBS Lending Ltd across to a consent to let one.
  • I recently bought a house with 10% deposit for personal reasons. A mortgage was taken with MBS Lending Ltd. But my circumstances have now changed. I am being transferred abroad. Am I able to obtain consent to let from MBS Lending Ltd and put the property up to let?