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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.

Questions and Answers: The Mortgage Business consent to let

  • I am between a rock and a hard place with a Consent to Let home loan. In response to requesting consent to let my bank has requested evidence of an executed Assured Shorthold Tenancy as a prerequisite to granting consent. Is is not the case that if I adhered to their request that I would be breaching the lender’s terms and conditions?

  • I have a flat in Hackney with a The Mortgage Business mortgage but have not lived there for a while. My dad moved in but is there rent free. I currently live in rented accommodation and am keen to buy a house. I have found an ideal property at reasonable price. I have enough of a deposit to use on the house I am interested in but would be a financial strain to pay enough off the old property to switch it to a buy to let loan at the same time. Can I change the current The Mortgage Business mortgage for my old property into a consent to let and use my savings to pay a larger deposit for the homeowner mortgage on the property that I am looking to purchase?
  • Due to meet with my IFA on Tuesday. I am going to seek Consent to Let from my current lender The Mortgage Business. My new property in Merton will be 75% LTV. Heard whispers that some lenders still dont accept consent to let borrowers and I may encounter difficulties regarding my new mortgage. Is there any truth in this?
  • As a result of a change in personal circumstances my husband and I are moving to my mum and dad’s house while they are away and letting our flat out. We are going to need for consent to let from The Mortgage Business. Will this be issued? We will need to remortgage in the next year will we then transfer to a BTL mortgage. We will definitely return to our flat at within the next twelve months?
  • We are one year into a three year normal mortgage with The Mortgage Business. Just wondering if it's permitted to rent out the property on my existing mortgage. Will The Mortgage Business give consent to let?
  • How do I go about getting a consent to let application form from The Mortgage Business and how quickly can I get the consent?
  • I recently completed on a flat using a The Mortgage Business mortgage. However I am currently living with parents. I don't want to move in until for eight months due to some family issues. In meantime can I lease out the property with consent to let?
  • I need to contact The Mortgage Business to enquire about renting out my home. Do they post a document to me. Is there a form I can download?