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.

Sample questions relating to MPowered Mortgages consent to let

  • I need to change my homeowner mortgage with MPowered Mortgages to a consent to let and looking for some help... I acquired my first home in London in 2010. After a new job opportunity I moved to Glasgow, and 6 months ago got a residential joint-mortgage with my boyfriend. I am inclined to stay with MPowered Mortgages and seek consent to let rather than attempt to apply for a new mortgage elsewhere, but if MPowered Mortgages turn me down what lenders can I approach.
  • I am in possession of a mortgage offer from MPowered Mortgages, but we hit a brick wall. My husband is a teacher in a boarding school, whereby we are provided with accommodation as part of his employment. We wish to buy a one bed flat to get on the ladder, and let it out while we're based at the school. I had thought MPowered Mortgages would grant consent to let from the outset of the mortgage. It appears that I may not be granted consent to let. Can you give me any advice?
  • A friend of mine recently sought CTL from the Woolwich which they declined as the mortgage had not been going for six months. I am about to ask for consent to let from MPowered Mortgages. Do they have the same rule?
  • I may have the chance to go and work overseas in a couple of years. I am therefore considering scaling down to a newer flat in Merton which I could rent out with less difficulty as and when required. I would aim to retain half the equity in the new flat which would be my home for a while. My existing mortgage provider will only provide consent to let for 12 months. I suspect renting it out longer term and not having consent could result in a whole heap of problems. Buy-to-let seems wrong given that I will be living there, maybe for 2-3 years initially. What product do I ask for, and from which lender? Do lenders such as MPowered Mortgages issue consent to let for an open ended period?
  • My husband and I are planning to ask MPowered Mortgages for consent to let out our property in Croydon. We are moving overseas for three years and would like to to rent out the property. I failed to look into this when we got the MPowered Mortgages mortgage, and that was due to the fact that we never anticipated an opportunity like this would come up so was planning on occupying the house.
  • I'm possibly going to Hong Kong for a year with work. Planning on taking the husband with me and hoping to rent our UK property in the meantime on a short term basis to make matters more cost effective. I was just enquiring I have filled in my application form but I'm unsure where to send it
  • Is there a fixed or maximum term how long I could let my home out to a family member with consent to let from MPowered Mortgages. I no longer want to live in the area and want to buy a new home?
  • Is there a time limit on a consent to let from MPowered Mortgages? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?