Need Help?

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.

MPowered Mortgages Consent to Lease Example Support Desk Enquires

  • Last September my wife and I purchased our council house, in Lambeth,recently valued at £220k. It's completely paid for from our own finances, unencumbered. We are prohibited from selling (without repaying back a significant amount of the discount) before five years have passed. Regardless, we want to retain it as a investment property to lease out. We wish to release some equity via a MPowered Mortgages mortgage. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. is this something you can help me with?
  • I want to see if I can receive consent to let on my existing home. I have a mortgage with MPowered Mortgages but my situation has changed. I'm looking to move in with my partner and son who have a house and more room than my 1 bed flat. I don't think I can qualify for a buy to let mortgage as I don't have the funds for a deposit nor do I earn more than £25000 per annum.
  • My fiancee and I are are looking to join the property ladder, currently renting. We want to buy a one bedroom second floor purpose built flat in Greenwich. We want to move there, but will need to wait for a job - perhaps a couple of years. Would we need to get a buy-to-let loan? Could we take a 1st time buyer mortgage with MPowered Mortgages, even though we won't be moving in straight away? Alternatively could we live there for a few of months, then start renting it with consent to let from MPowered Mortgages? I'm only willing to consider suggestions that are completely legal, and wouldn't breach the terms of the MPowered Mortgages mortgage.
  • My wife and I intend to let our current flat out early next year when we find a new house. This is to be done with consent to let from MPowered Mortgages. The property is currently in my name but I am a top rate tax payer. Is it best to do a equity transfer to her or should I do a Declaration of Trust?
  • Due to job opportunities I will be relocating to Belfast and would like to let out my flat temporarily, are you able to confirm what action I need to take in order to get consent to let from MPowered Mortgages?
  • We are interested in finding out more about the MPowered Mortgages consent to let procedure and conditions for granting.
  • Me and my OH and I have a mortgage with MPowered Mortgages on our maisonette in Greenwich. We are planning to buy a new house to move into. How do I switch my existing mortgage on to consent to let?
  • I may be looking to lease out my property and wondered what I would need to do to negotiate consent to let by MPowered Mortgages. I may be moving abroad for a year.