The simple answer is, yes. If we assume that the property is your residential home and you have a residential mortgage, the majority of mortgage terms will require you to obtain a ‘consent to let’ before you can let it.

If you let without the consent of the Lender, you could be in breach of your mortgage terms and the worst case scenario is that the Lender could ask for their money back. At the very least, most Lenders may insist that you switch to a BTL mortgage.

You should take advice from your residential mortgage broker and Solicitor.