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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.

Questions and Answers: Metro Bank consent to let

  • We just received consent to let from Metro Bank. After some effort, Metro Bank have issued me with ‘consent to let’ confirmation . Mention is made of an assured shorthold tenancy. What is that?

  • I am in a pickle with a Consent to Let mortgage. Reacting to my requisition for consent to let my lender has asked me to provide them with a signed Assured Shorthold Tenancy prior to issuing consent. Is is not the case that if I adhered to their request that I would be breaching the lender’s terms and conditions?

  • We a property in Leeds and will be moving to Amersham at the end of February. I have a letting agency and tenant lined up. I was proposing to leave everything as it stands as I'm afraid Metro Bank will insist that I change my mortgage rate over to a buy to let which is not financially feasible. I appreciate that it would be preferable to secured a consent to let via Metro Bank but am afraid if I show my hand it would result in no end of problems
  • We are in need of a bigger house so our kids don't have to bunk together. We are thinking about buying another house in a few years time. Our house is worth £240,000 and we have about £85k left to pay on the Metro Bank mortgage. We would ideally like to keep this house if possible and lease it out with consent to let. Can you have a mortgage on two properties at the same time or do we first need to discharge our current mortgage?
  • Last month I got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger place. Will it be possible to get a consent to let on my new mortgage with Metro Bank to allow us to get a mortgage also with Metro Bank for a new home?
  • I wish to lease out my house. Do I simply post a letter to Metro Bank requesting consent to let out the house?
  • Would a previous extension to a mortgage term with Metro Bank be held against us when we sought consent to let from Metro Bank.
  • I am currently in the process of getting a mortgage through Metro Bank - It is possible that in the within months I may decide to let out the property - how would I transfer the 1st time buyer mortgage to a BTL mortgage?