Need Help?

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

Top Five Questions relating to MBS Lending Ltd consent to lease

  • I have had a current homeloan with MBS Lending Ltd coming up to 2 years and the fixed rate is about to be renegotiated. We are contemplating taking equity from our existing place to allow us to buy a more substantial home and then rent out the current ground floor flat. The initial advice we received was that we should look for a new residential mortgage with a consent to let - can you explain what this is?
  • I have a residential property but I am moving with my girlfriend to a different town for career reasons and moreover close to her university. My preference is to retain the house but not sure I can afford a BTL rate. It will only be temporary -3 years until my girlfriend has finished University and I can sell, or move elsewhere. My mortgage is with MBS Lending Ltd. Do you think they will grant consent to let?
  • I have a prevailing MBS Lending Ltd mortgage on a property for the last eight years. Since then I've married and live in my husband’s home. My property is currently unoccupied and have a choice to sell or let it out. Clearly this could be a long term agreement as I can't see us move back in. What should I advise MBS Lending Ltd with a view to obtaining consent to let?
  • My fixed rate mortgage with MBS Lending Ltd ends 13th December. I am about to relocate to Manchester for my Job in next month. I wish to let out the house temporarily. Can I get a consent to let the property?
  • My husband and I have already let but only just dawned on us that MBS Lending Ltd should've been advised and consent to let sought - can consent be obtained retrospectively?
  • How much of my mortgage allowance will be made available to draw down on if I switch my mortgage to a consent to let with MBS Lending Ltd?
  • Do you know whether MBS Lending Ltd will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would MBS Lending Ltd let me raise capital based on the rental revenue ?
  • If I have an existing normal mortgage with MBS Lending Ltd and am planning to rent it out in the future will I be granted consent to let? What is the process and what needs to be done next?