Need Help?

Need professional advice for your consent to let with The Mortgage Business? 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 The Mortgage Business consent to lease

  • I need to move my daughter’s school by early-January and move to a different area. I don't have time to find a buyer for my house.The only way I can see of doing it is to rent my house out. Currently I have buildings and contents insurance. Am I obliged to take out a different insurance? Do I need consent to let via my mortgage lender The Mortgage Business
  • I was hoping you could please give me some advice on the consent to let process. I am considering a The Mortgage Business mortgage on a £200,000 house later this year. The intention is to hold the house as a second home but I need to know what options are open to me to let the property in the future. If our circumstances were to change the property would either be sold or let out.
  • Because of my career, I am in a position where I anticipate that The Mortgage Business will grant me with Consent to Let from the outset of buying a property. My intention is to buy a property in Hackney and lease it out, I will remain in the house that is provided (rent payable) by my employer. As I will be leasing out the property I will obviously have to complete a Self Assessment Tax Return, but I just want to check that although it is my only property (and it is not on a buy to let mortgage), will I still be able to utilize Tax relief for the interest on the loan and the associated costs of leasing out the property. I have only been able to track down advice for those with a buy-to-let mortgage, but mine will technically not be B2L.
  • We are currently in Hong Kong and renting out our apartment in Hackney. This is not something we planned but an opportunity came up and we took it. The rent achieved on the property is not enough to cover the mortgage so we send back money each month to make up the shortfall. Yesterday our lender got in touch telling me that because the property is being let out and has been for nearly two years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell the property but this will be difficult as I am on the other side of the world. Would it be possible to remortgage with The Mortgage Business and get consent to let?
  • I am trying to investigate if it is possible to get a consent to let mortgage with The Mortgage Business rather than a buy to let mortgage
  • Six weeks ago I bought my property and took out a mortgage with The Mortgage Business but my boyfriend has asked me to move in with him. Would I be granted consent to let?
  • Please could you confirm what the procedure would be if we move to a new home and need to apply for consent to let for our existing mortgage with The Mortgage Business
  • Me and my husband may have to lease our home temporarily due to a new job. This will be for a limited period but perhaps for threeyears. Should I tell The Mortgage Business or it is wise to keep quiet?