Need Help?

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.

Frequently asked questions relating to Metro Bank consent to lease

  • My daughter is going to work overseas for twelve months and would like to let her apartment out. She has a Metro Bank fixed rate mortgage on repayment and wants consent to let the property as well as transfer to interest only. What does she need to do?
  • I took out a new mortgage with Metro Bank recently, borrowing extra with the intention of doing a loft conversion. That extension has proved not to be possible and I now intend to purchase a 2nd property as my main residence and lease the existing property out with consent to let. Is that likely to result in me stitching myself up?
  • Is it possible to switch a homeowner mortgage with Metro Bank to a consent to let. It will be less than 65% ltv and it would alter from capital and interest repayment to an interest only mortgage?
  • Me and my husband have a flat in Sutton which we purchased as a new-build approximately seven years ago. As we've now got a young son we are looking for a larger home. We've identified a house in Harrow that we would like to buy and want to keep the flat as an investment to rent out. The mortgage is with Metro Bank and we've found a tenant who will pay rent in excess of the monthly mortgage amount. The question is, can we keep the repayment mortgage with Metro Bank so we effectively paying off our loan on the property or must we to transfer to a buy-to-let mortgage?
  • At the moment I do not have consent to let from Metro Bank but I would like to apply, An opportunity has arisen which might involve me working away for a couple of years. But want to keep my home for my return - are you able to assist?
  • Would I be able to remortgage to Metro Bank from my current lender, with a consent to let or do I need a let to buy homeloan, and if so what are the LTV's?
  • I am already leasing out my flat but may have sussed that I am not living there. I have five months remaining on my fixed rate. Is it simple to get consent to let from Metro Bank. Is it just a five minute phone call, pay the charge and it's done there and then?
  • I recently bought a house with 10% deposit for personal uses. A mortgage was taken with Metro Bank. But my circumstances have now changed. I am being transferred abroad. Am I able to get consent to let from Metro Bank and put the house up for rent?