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

Top Five Questions relating to Metro Bank consent to lease

  • I work for a letting agency in loc and a potential tenant for the house has demanded sight of the ‘consent to let’ from the owners lender Metro Bank. Is there a new law that has triggered this question?I have not come accross this before, is this a new legal requirement?

  • I previously got consent to let from Metro Bank in 2012 but failed to need it and have since refinanced with another lender. I recently sought for consent to let. I was informed that it would be given since I met the criteria. Yet recently got a communication advising me that I must provide evidence from the DWP indicating that that are aware of my current situation before they can issue consent. They said this is policy but I have not been able to find these T&Cs on their site. I did complain about the insinuation 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 £35 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
  • I have just received a mortgage offer with Metro Bank. I am hoping to complete in the coming weeks, however it looks as though I may be moved overseas for work. How feasible is it for me to receive consent to let from Metro Bank shortly after completing. Do I have any other options?
  • What is the maximum period of time permitted by Metro Bank that I would be able to let my property without having to change mortgage or sell my house? In short, my partner has asked me to move in with him and I really want to hold onto my house. I would like the security of knowing I still own my own home.
  • How much of my loan allowance will be made available to draw down on if I convert my mortgage to a consent to let with Metro Bank?
  • I am interested in more information concerning consent to let home loans, potentially transferring our existing mortgage with Metro Bank across to a consent to let one.
  • What, if any, income criteria do Metro Bank set for consent to let on an existing standard mortgage?
  • Me and my husband may want to lease our home temporarily due to a new job. This will be for a limited period but no more than threeyears. Should I tell Metro Bank or do I keep schtum?