Need Help?

Need professional advice for your consent to let with Mortgage Agency Services? 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 Mortgage Agency Services consent to lease

  • At the moment I am stuck in a rental contract until November and am purchasing an apartment. Would my mortgage provider Mortgage Agency Services have an issue with consent to let until my tenancy ends and then moving in?
  • I have a maisonette in Bromley let out which has a seventy year lease. Mortgage adviser said I should refinance (currently with Mortgage Agency Services) as a buy to let rather than consent to let and release 55-60k which on top of a new homeloan based on income multiples would give me a budget of £195k. Limited available in Barnet for me to get my own place. A lease extension will be in region of 13k. Not sure sure whether to hold on or sell the flat?
  • We have an existing mortgage with Mortgage Agency Services and wish to clarify if it would be possible to gain consent to let out our ground floor flat in Merton.

    The rationale for wishing to find tenants for the property are are due to: -

    • My wife and I will be moving to Hong Kong early next year.
    • In renting out the property this will enable us to make some savings to assist with the migration process.
    • There is little merit from a financial point of view to redeem the mortgage for a property which we are not living and by renting out the home this would be viewed as continuing investment.

    If Mortgage Agency Services agreed that we are able to proceed with renting we would suggest some financial commitments to include: -

    • Continue to pay the monthly mortgage payment directly from my bank account.
    • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Provide our contact details for when we move.
  • My fixed rate mortgage with Mortgage Agency Services comes to an end on 17th July. I am required to move to Belfast for my Job in next month. I wish to let out the house in the short term. Can I get a consent to let the property?
  • I am require from Mortgage Agency Services consent to let out my flat in Sutton. I am planning to live with my grandfather as I am off work through illness.
  • Please can you tell me the circumstances under which Mortgage Agency Services would turn down a request for consent to let?
  • We have a mortgage with Mortgage Agency Services and would be thinking about buying another main residence and then subsequently letting our current house out. Do I need consent to let from Mortgage Agency Services?
  • What, if any, income requirements do Mortgage Agency Services set for consent to let on an existing standard mortgage?