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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 obtained consent to let from Metro Bank in 2013 but failed to need it and subsequently refinanced with another bank. I recently applied for consent to let. I was informed that it would be forthcoming since their requirements were met. I have now got a communication informing me that I need to provide evidence from the DWP indicating that that are aware of my current situation before they can issue authorisation. They said this is policy but I have not been able to find these conditions on their site. I did complain about the inference 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 continue with them
  • I plan to move house. My question is whether consent to let will be granted on my property for me to then obtain a mortgage for the new house so I can effectively bid chain free and then let my property out once I move. Does Metro Bank give consent to let for a year? Assuming the rental goes well can the consent to let time frame be continued?
  • Your view would be appreciated as to whether consent to let from Metro Bank is the best option. I purchased my house nine months ago by porting an existing Metro Bank mortgage product. My fixed rate ran out five months ago I'm currently considering moving in with a new partner. I don't want to sell my house yet as I have no idea as to whether the new move will work out. I just wanted an idea of whether a consent to let from Metro Bank would be possible?
  • At the moment I am looking to buy my first home however, I am self employed. I I would like to find a lender that will permit short term letting with a residential mortgage so that I could lease out the property temporarily with long periods of absence without being required to switch to a buy to let rate. Are you able to advise me on how lenders would perceive this and in particular the stance taken by Metro Bank.
  • I would like to rent out my house. Do I simply post a letter to Metro Bank requesting consent to let out the house?
  • I would like to know if I have a residential mortgage with Metro Bank and decide to rent it out, does the rate get loaded and are there any associated charges for seeking consent to let.
  • I am already renting out my flat but may have been found out. I have 5 months remaining on my fixed rate. Is it simple to get consent to let from Metro Bank. Is it just a quick phone call, pay the fee and that's it?
  • Is there a time limit on a consent to let from Metro Bank? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?