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Need professional advice for your consent to let with The Mortgage Works? 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 Works consent to lease

  • We purchased a property ten years ago on shared ownership basis, I own half by way of mortgage and rent the other percentage. In early 2013 I bought a new property. I let out my first house and moved to the new home. I obtained consent to let from my mortgage company and I thought I had consent to let from the housing association. Yesterday I had a letter from the housing association saying they had nothing on record to say I had attained permission to sublet. What are my options?
  • A colleague recently sought CTL from the Woolwich which they declined because the mortgage had not been going for six months. I am about to seek consent to let from The Mortgage Works. Will they have the same rule?
  • Me and my partner are the registered owners of a flat in Leeds and will be moving to Cornwall at the beginning of March. I have a letting agency and tenant lined up. I was planning to leave everything as it stands as I'm worried The Mortgage Works will insist that I change my mortgage rate over to a buy to let and am unable to afford that. I appreciate that it would be preferable to gain a consent to let via The Mortgage Works but am afraid if I show my hand it would lead to a whole host of issues
  • My partner and I currently live in NYC and letting out our apartment in Lewisham. This was unplanned but an opportunity presented itself and we took it. The rental income is not enough to cover the mortgage so we transfer money each month to cover the difference. Anyway this morning our lender got in touch informing me that as the property is being let out and has been for almost two years we will have to pay 1.5% interest on top of our current mortgage rate. We could sell the flat but this will be far from easy as I am on the other side of the world. Would it be possible to remortgage with The Mortgage Works and get consent to let?
  • My partner is in the process of placing an offer on a new property in Lambeth and is on to a good deal as it needs renovating. We want to rent our current property for two years and then return. Will I be granted a consent to let by The Mortgage Works?
  • My wife and I want to let our house out and use the rental income to pay rent on a house in Westminster. How likely are we to be given consent to let by The Mortgage Works without being forced onto a BTL product.
  • I need to lease out my flat to be nearer to my son’s uni and look after of my father. How long will the consent to let take to get from The Mortgage Works? 2 weeks?
  • I want to get consent to let from The Mortgage Works for a couple of years at which point I can transfer to a BTL. Is this feasible