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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

  • A friend of mine suggested that this summer I rent out my flat and generate some income during my holiday. It only a short term option for a month. Do I need consent to let from Metro Bank?

  • I understand that this is a breach of Metro Bank terms and conditions of mortgage if I rent out my property having indicated that I intend to reside there. The hope is to repay the home loan after six years, by which time the property will be mortgage free, meaning I no longer require any consent to let. Metro Bank advised me I can overpay as much as I like during the agreement. I have someone who wants to rent the property. What checks do Metro Bank do and what are the chances that they are likely to do this? What are the repercussions of not obtaining consent to let? From what I have read there is a possibility of Metro Bank levying a fine
  • It seems as though I will have the chance to go and work abroad in a couple of years. I am therefore thinking of downsizing to a newer apartment in Wandsworth which I could rent out with less difficulty as and when required. I would aim to retain 50% equity in the new flat which would be my home for a while. My existing lender limits consent to let for 12 months. I expect to be renting it out longer term and not having consent could land me in a whole host of problems. BTL seems wrong given that I will be living there, perhaps for 2-3 years initially. What type of mortgage do I ask for, and from whom? Do lenders such as Metro Bank grant consent to let for more than a year?
  • We are looking to rent our garden flat out. We have put an offer on another property for us to buy and a tenant at the ready to move into ours. I believe I have to ask our mortgage provider Metro Bank for consent to let. Is there a standard consent to let request letter I can use?
  • Just wondering if I would be able to get consent to let from Metro Bank enabling me to move back to my mother and father for a year or two and conserve some cash to extend the lease on my flat?
  • Please can you set out the process for being given consent to let by Metro Bank? Is there certain policies for instance you have to reside in the property for a year before its granted?
  • I am looking at some alternative lifestyle. I have a Metro Bank mortgage, if I become a Australian resident but wish to rent my UK house, ...what do I need to do to get consent to let. Can this be obtained on via email ?
  • I have a mortgage with Metro Bank. I am considering moving out and letting out my house. Do I need a consent to let ?