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.

The Mortgage Business consent to let: Q and A’s

  • I am interested in finding out more about the conditions customers have to satisfy before consent to let from The Mortgage Business is granted. Are there any restrictions on who can be issued with consent?
  • I rented my house six months ago and didn't tell The Mortgage Business. I have a three year residential mortgage (significant equity in it, never defaulted) and want to let The Mortgage Business know and get consent to let for the remaining 24 months of my mortgage . Not sure what to do.
  • I have a maisonette in Redbridge which I bought in 2007 and which I have since remortgaged with The Mortgage Business on a fixed rate which ends next June. If I want to rent out the property whilst I go travelling what do I need to do and is there a time limit? Are there any other financial repercussions when applying for consent to let?
  • I have found myself in the accidental landlord scenario and failed to inform The Mortgage Business. I had to leave my home for work reasons, so am now based in another part of the country. At first I tried to sell the flat, but prices were low, resulting in negative equity. This was a couple of years ago in 2012, which has since seen the property price increase and has allowed me time to accumulate savings. I am in now in a position where I could transfer to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert The Mortgage Business that I have been letting without consent to let? I am aware that I shouldn’t have done what I did, but circumstances wouldn’t allow me to do anything else. Can I change to a BTL without The Mortgage Business knowing what I’ve done?
  • I would like to let my house which is on a standard variable rate mortgage with The Mortgage Business. What do The Mortgage Business require for me to do to get consent to let?
  • My husband and I have a The Mortgage Business home loan currently and may wish to let it out temporarily with consent from The Mortgage Business for (eighteen months). Is this possible?
  • The Mortgage Business - consent to let potential. Are you able to advise on the process with this lender? Do they have a minimum period prior to changing and is it possible that I would be required to make a cash injection to reduce the LTV?
  • Not sure if you can help What do we need to do to get consent to let from The Mortgage Business? And what are the costs involved?