Need Help?

Need professional advice for your consent to let with Mortgage Agency Services? 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 Mortgage Agency Services consent to lease

  • I was thinking of renting out my flat and make money from it during my holiday. It will only likely be for a fortnight. Is advanced consent to let from Mortgage Agency Services required?

  • My understanding is that this is a contravention of Mortgage Agency Services mortgage policy if I lease out my property 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 mortgage free, meaning I no longer require any consent to let. Mortgage Agency Services advised me I can overpay as little as I like during the agreement. I have someone who is interested in renting the property. What are the chances of Mortgage Agency Services discovering that I am not living at the address? Can you set out connotations of not seeking consent to let? From what I have read there is a possibility of Mortgage Agency Services bumping up the interest rate
  • My husband and I currently live in Hong Kong and letting out our flat in Enfield. This is not something we planned but an opportunity presented itself and we took it. The rental income is not enough to cover the mortgage so we send back money each month to cover the difference. Yesterday our lender got in touch telling me that as the property is being let out and has been for nearly two years we will have to pay 1.5% interest on top of our current mortgage rate. One option is to sell up but this will be difficult as I am so far away. Would it be possible to remortgage with Mortgage Agency Services and get consent to let?
  • Me and my girlfriend are about to buy a property together. Idea is for me to get consent to let my flat from Mortgage Agency Services. Thinking a little down the line however - when my two year fixed comes to an end - how would it work if I sought to refinance then?
  • Were we to request a consent to let letter by Mortgage Agency Services will we be forced to change to buy to let mortgage? We are with Mortgage Agency Services and as properties are not currently selling and we have seen one we like we were considering letting our home out in order to purchase the new and dispose of this one if the local market improves.
  • My husband and I are planning to ask Mortgage Agency Services for consent to let out our property in Wandsworth. We are moving overseas for 2 years and wish to rent out the property. I didn't check this out when we got the Mortgage Agency Services mortgage, and that was due to the fact that we never thought an opportunity would arise such as this so was planning on occupying the property.
  • I have a leasehold flat. I would like remortgage with Mortgage Agency Services and either change to buy to let or consent to let. I'm still inside the redemption penalty period so not sure if I will be liable to pay that?
  • Will Mortgage Agency Services issue consent to let my property? I have an existing residential mortgage, never had arrears and have been with Mortgage Agency Services for just over six years now. What costs am I likely to incur