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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.

Recently asked questions relating to Metro Bank consent to lease

  • I have a one bedroom apartment but I am never there, looking into the possibility of renting it out. My mortgage is with Metro Bank, would I have to move onto a new mortgage rate or ought I try to get consent to let?
  • My property recently got consent to let on a standard mortgage with Metro Bank with a view to changing to a buy-to-let rate when the fixed term ends in a few months' time, so I'm uncertain if this complications to the issue! Any recommendations gladly appreciated.
  • We are currently in Melbourne and leasing out our apartment in Redbridge. This was unplanned but an opportunity came up and we took it. The rent we make on the apartment is not enough to cover the mortgage so we transfer money each month to make up the shortfall. Yesterday I got a letter in the post from our lender telling me that because the property is being let out and has been for nearly four years we will have to pay 1.5% interest on top of our current mortgage rate. We could sell the property but this will be difficult as I am on the other side of the world. Would it be possible to remortgage with Metro Bank and get consent to let?
  • Approximately six weeks ago I moved out my property in a rush and rented out the property. I am aware I ought to have obtained consent to let from Metro Bank but was not sure what my plans were and it slipped my mind to get consent. I'm now in the position where I need to sell that house and transfer the Metro Bank home loan to a new apartment. I am struggling to find a path to do this without finding myself at the mercy of Metro Bank for not obtaining consent to let. When switching, at the time of discharging the mortgage, you must say you intend to "park the rate" and go through fresh set of affordability checks. While I have no difficulties with affordability, the credit check may indicate I don't live there any more.
  • I am considering moving overseas for work and would like consent to let from Metro Bank whilst I am away. Is the way forward to prepare a letter requesting consent to let and send it off in the post to Metro Bank? Letting the property isn't to make money but to retain the property in case things don't work out
  • My Metro Bank mortgage fixed rate expires in May and have to move with work soon after. What are the chances that I will be able to both remortgage and gain consent to let?
  • Will Metro Bank choose to exercise a right to change the rates on a homeowner mortgage where Consent to Let at any time, onto ‘rates equivalent to their Buy to Let range'? Can one remortgage on a consent to let with Metro Bank?
  • I am intending on relocating inside the next eight months and want to rent my property out. My interest rate is fixed with Metro Bank. I am worried a rate hike would be too much if that was linked to receiving consent to let