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Need professional advice for your consent to let with MPowered Mortgages? 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: MPowered Mortgages consent to let

  • I spoke to a mortgage broker friend last month. She said that if I decide to move abroad with my job for a period then I should not apply for consent to let from my mortgage provider (MPowered Mortgages) until at least 2 weeks before I plan to lease out my house. Does that mean I have to find a tenant first and then obtain a consent to let?
  • I have a three bed leasehold flat with a MPowered Mortgages mortgage and have a lodger sharing with me. I have decided to relocate to Haringey and will look for a property to rent. My lodger doesn't want to leave so has agreed to pay a higher rent. Do I have to apply for consent to let from MPowered Mortgages?
  • Please explain "consent to let" to me? I live in a studio apartment and its in good condition. It has been on with agents for two months and I can't find a buyer. This is because my neighbour is a drunk and assaulted me last year. I have had to put this on the disclosure form. Mortgage is with MPowered Mortgages on a standard variable rate. It has been suggested to me that I should seek consent to let via MPowered Mortgages and rent the flat for a year or two.
  • I am may soon need to apply for consent to let from my existing mortgage provider MPowered Mortgages. A friend of mine said that he was issued with ‘consent to let’ confirmation from a different lender where conditions attached to the consent referred to an AST. Can you explain what this is?
  • I am thinking of renting my apartment will MPowered Mortgages bill me for a consent to let letter?
  • Just wondering if if consent to let would be forthcoming from MPowered Mortgages enabling me to move back to my parents for a year or two and save the money to extend the lease on my property?
  • Can I refinance with MPowered Mortgages with consent to let if my fixed rate is coming to an end. Circumstances would not have changed.
  • Will MPowered Mortgages choose to operate a right to change the rates on a owner-occupier mortgage where Consent to Let at any time, onto ‘rates equivalent to their BTL range'? Is it possible to refinance on a consent to let with MPowered Mortgages?