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Need professional advice for your consent to let with The Mortgage Lender Limited? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Recently asked questions relating to The Mortgage Lender consent to lease

  • I have a mortgage with The Mortgage Lender on a property and I would like to find a tenant for it out and rent another property due to changes in personal circumstances - I want to move to a different area, and to live in a larger house with my fiance. I sought consent to let and recently got reply with a refusal because they felt I want to invest. I as at a loss as to what to do now. I find myself at risk since I already have rented a new property and would have to pay both The Mortgage Lender and rent, which could put me in financial risk. The matter needs to be resolved soon as a potential tenant waiting in the wings
  • I bought a house ten years ago with the help of a housing association, I own 50% through bank loan and rent the other percentage. Three years ago I purchased a new property. I rented out my first house and moved to my new property. I got consent to let from my mortgage company and I was under the assumption I had consent to let from the housing association. Yesterday I had a letter from the housing association advising they had nothing on record indicating I had procured consent to sublet. What are my options?
  • I want a bit of preliminary advice to consider if consent to let is a viable option. I bought my flat nine months ago by porting an existing The Mortgage Lender mortgage product. My fixed rate came to an end three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with The Mortgage Lender, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a B2L mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a viable option for myself and 2) I need to find extra capital to meet the 65% LTV ratio required for a buy to let loan. It would be preferable to obtain consent to let from The Mortgage Lender for a couple of years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • I understand that this is a breach of The Mortgage Lender terms and conditions of mortgage if I rent out my flat having indicated that I intend to live there. The aim is to have the mortgage fully paid off after six years, by which time the property will be unencumbered, meaning I no longer require any consent to let. The Mortgage Lender advised me I can overpay as much as I like during the agreement. I have someone who is interested in renting the property. What checks do The Mortgage Lender do and what are the chances that they are likely to do this? Can you set out implications of not obtaining consent to let? From what I have read there is a possibility of The Mortgage Lender transferring my loan onto a BTL mortgage
  • I have a The Mortgage Lender mortgage currently and potentially want to let it out temporarily with consent from The Mortgage Lender for (1 year). How long do you have to wait until you apply for consent to let??
  • We are about to buy a place and plan to live in it once we have refurbished but we may need to let the property out but not clear on what the rules are on consent to let from The Mortgage Lender? We don't require a buy to let mortgage because we are not certain if we will need to let it out at all
  • I have The Mortgage Lender mortgage and am considering renting out the property. I am lead to believe that I would need a consent to let to do that true ?
  • I am planning on relocating inside the next eight months and would like to rent my property out. My mortgage rate is fixed with The Mortgage Lender. I am worried a 1% increase would be too much if that was a condition of getting consent to let