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Consent to Let

harshitguptaiitr
harshitguptaiitr Posts: 171 Forumite
I've helped Parliament
in Mortgages & endowments
I have some questions regarding Consent to Let and will appreciate your help:

- Does anyone know the criteria based on which the lender decides whether to provide "Consent to Let" or not?
- What are the typical change in interest rates after the Consent is obtained?
- Can the borrower apply for Consent during Fixed Term of the mortgage?
- Can he borrower switch mortgage deals or switch mortgage provider while the property is being let?

Thanks!

Comments

  • kingstreet
    kingstreet Posts: 39,315 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Varies from lender to lender - check with yours. More likely on short-term basis due to change in circumstances, not for business or investment purposes.

    Varies from lender to lender - check with yours. A fee, a rate increase, both?

    Varies from lender to lender - check with yours. As long as it's not five minutes after completion.

    Varies from lender to lender - check with yours. Probably not.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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