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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.

Top Five Questions relating to The Mortgage Business consent to lease

  • I have a shared ownership property in Croydon and will be looking to buy out the rest of the property. However, within the next six months I may be working in Canada for a short period of time so would like to know what approach The Mortgage Business take to consent to let as I am considering a remortgage with them. I am not sure if they will lend on my property but as an aside can you provide further detail on their consent to let criteria?
  • I wish to let my current house and want to buy a larger house for the family. I have a mortgage with The Mortgage Business. On the basis I get the consent to let as I understand lenders are more than likely to push me towards getting BTL mortgage when the fixed term comes to an end. Could I refinance after a couple of years with an alternative lender? Will it have to be buy to let mortgage and not a residential mortgage?
  • We hope to lease out our flat in Wandsworth which is on a owner-occupier mortgage with The Mortgage Business . Obviously I will ask for a consent to let. Assuming there is a fee for the consent to let can this amount also be claimed as incidental costs of financing and therefore allowable on my self assessment form to the tax authority?
  • We have just sorted our rates for another fixed period with The Mortgage Business. Subsequently, I went to an interview and basically I accepted the job offer in Enfield. I'm going to rent a one bed flat for me and my family in Harrow as we don't wish to sell the house whist there is a possibility that we come back within a couple of years.... We really have no idea whether it will work out. We called The Mortgage Business but we would appreciate your point of view please. How is it to get consent to let in that case as we secured a fixed 5 years rate we really don't want to change.
  • I am looking for some generic information on consent to let with The Mortgage Business: I am moving abroad. Potentially for many years. That being said I will be on a 3 month test period .I would like to know the criteria for consent to let from The Mortgage Business and what charges are to be incurred
  • How likely is it that I can keep my existing residential mortgage with The Mortgage Business if I start renting out? If the consent to let is issued will they tie me into an increased rate?
  • I am currently in the process of getting a mortgage through The Mortgage Business - I foresee that in the coming months I may decide to rent the property out - how would I transfer the homeowner mortgage to a buy to let mortgage?
  • I am looking to get consent to let with my The Mortgage Business residential mortgage. It is a detached house. Will The Mortgage Business grant consent on this basis? Or would it be regarded as an HMO?