Need Help?

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.

Common questions relating to The Mortgage Lender consent to lease

  • My mortgage is coming up for refinancing with The Mortgage Lender. The property has been sub-let for a few years and I now realise that I should come clean toThe Mortgage Lender. I am led to believe that I can ask for a consent to lease, but bearing in mind that the property has previously been let out could they deny - force me to go onto a BTL mortgage and even apply a penalty? There is excellent equity - 30% LTV and have never missed any payments.
  • I would like to let my current property and want to buy a larger house for the family. I have a fixed rate mortgage with The Mortgage Lender. Provided I get the consent to let as I understand banks are more than likely to push me towards getting BTL mortgage when the fixed term is finished. Could I remortgage after a couple of years with a different lender? What consequences does that have aside from the higher rates - would I need a higher equity portion in the property too ie lower loan to value?
  • Our current house in Waltham Forest has nearly £80K equity with a home loan with The Mortgage Lender. It's a nice family house in a popular location and I think it would rent well. We are probably moving for my partner’s work and were considering holding onto the house on as an investment property - should we be swapping the mortgage to a B2L product or should we seek consent to let by The Mortgage Lender?
  • I recently got married and my wife and I would like to purchase a family home in the coming year, whilst keeping our ground floor flat in Waltham Forest we currently live in to rent out. Mortgage on the flat is with The Mortgage Lender. I don't want to put myself in a situation with two residential properties only to be refused consent to let.
  • We have a letter to The Mortgage Lender requesting consent to let signed and ready, but I'm not sure what address I should mail this to. Can you please help me with the address?
  • There is a chance of me going to NYC for twelve months with work. Planning on taking the husband with me and hoping to rent our UK property in the meantime on a temp basis to make matters more cost effective. I was just wondering I have filled in my application form but I'm unsure where to send it
  • I took a mortgage with The Mortgage Lender but am informed they have a policy that they will not give consent to let the property to a local authority. Is this correct and if so, can you suggest a way to bypass this?
  • I have a normal mortgage with The Mortgage Lender which is only seven weeks in but I have been relocated with work. How easy is it to obtain consent to let from The Mortgage Lender for a mortgage that has only recently started and I have just bought the property?