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.

Frequently asked questions relating to The Mortgage Lender consent to lease

  • We may be presented with an opportunity to work in a different office in the UK for a three months and wish to know if we can rent our existing flat. It is a two year fixed rate and we are six months into the mortgage with The Mortgage Lender. We have lived at the property for over four years. The LTV is 70%. What are the chances of obtaining consent to let from The Mortgage Lender? What charges can we expect to pay etc
  • I am looking for some initial advice to consider if consent to let is a viable option. I bought my flat nine months ago by transferring an existing The Mortgage Lender mortgage product. My fixed rate ran out 4 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 buy to let 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 additional capital to satisfy the 65% LTV ratio required for a buy to let loan. It would be preferable to get a consent to let from The Mortgage Lender for 1-2 years in order to be more secure in becoming a possible landlord and to generate 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.
  • Our current property in Lambeth has nearly £120K equity with a home loan with The Mortgage Lender. It's a 3 bed house in a popular location and I think it would rent well. We are probably moving for my partner’s work and were thinking of keeping this house on as an investment property - would we need to change the mortgage to a B2L product or can we get consent to let by The Mortgage Lender?
  • I have a homeowner mortgage coming up for renewal with The Mortgage Lender. I have had the house rented out for a few years and I now realise I should come clean to The Mortgage Lender. I understand that it is possible to ask for a consent to lease, but given that the property has previously been let out could they refuse - insist I switch a BTL rate and even fine me? I have over 50% equity in the property - and the rent will more than cover the monthly loan payments.
  • I am looking for information on what are acceptable reasons for leasing a property when it comes to seeking consent to let from The Mortgage Lender? Are you able to help?
  • I am trying to investigate if it is possible to get a consent to let mortgage with The Mortgage Lender rather than a buy to let mortgage
  • We have a granny flat attached to our home. Do we need consent to let this from The Mortgage Lender? If so, what is the process if I wish to switch the mortgage to consent to let?
  • One year into a mortgage with The Mortgage Lender due to job offer.. need to relocate. Is it possible to get buy to let or consent to let.