TMB Consent to let

Last post Sun, Mar 25 2012, 5:22 AM by maxsteam. 1 replies.
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  •  Sun, Mar 25 2012, 5:22 AM

    Re: TMB Consent to let

    ... you either keep reducing the price by a little each month (or swap agents) until you sell or you risk letting the property without proper consent.
    • Post Points: 5
  •  Sat, Mar 24 2012, 11:41 PM

    TMB Consent to let

    Hi guys,

    After having my house up for sale for nearly 2 years, I have finally decided to let it out. I've got a job up near London and the move is on. I do however, have one small problem.

    I have a residential mortgage with TMB. Since they aren't taking on any new business, they won't let me switch to a BTL mortgage. Problem is I have a borderline credit score to get a new mortgage. They don't seem to have anything against me letting the property however they will not issue a 'consent to let' notice on an interest only residential mortgage product.

    The next steps are a little bit tricky, I'm relocating to the other side of the country and will be paying a phenomenal amount of rent to be there. I can't afford to keep this house on as well unless it is let, but I also can't seem to sell the dam thing!!

    What do we reckon money savers?
    • Post Points: 20