Need Help?

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

Questions and Answers: Bank of Scotland consent to let

  • I am a couple of years up in my five year fixed rate mortgage and have accepted a job abroad so would like to let my property for a couple of years. My loan to value is in the region of 60%. Are you able to clarify whether Bank of Scotland will increase my interest for consent to let for two years?
  • Redbridge flat valued at £250k. Remaining mortgage £25k with 5 years to run. Seek consent to let from Bank of Scotland for current property and make use of income to pay off what is left of the loan. Take out 70 % Bank of Scotland loan on new property that I will consider to be my primary home? Any reason I cant do this?
  • I'm looking to remortgage my maisonette, currently let out under consent to let from Bank of Scotland, onto a BTL rate as we will not be moving back into it now since we have our family home. So, I'm assuming I need a specialist financial adviser for this and I am not really familiar with what my options are. Can you offer any advice on an efficient broker service specialising in BTL?
  • My partner and I are looking to rent our ground floor flat out. We have made an offer on another property for us to purchase and have a tenant to move into ours. I believe I have to ask our lender Bank of Scotland for consent to let. Is there a template consent to let request letter I can copy?
  • I have a mortgage with Bank of Scotland on a three year fixed term contract. I may have an opportunity for a teaching post in Belgium next year. Would I qualify for consent to let by Bank of Scotland were I to accept this job abroad?
  • If I am tied into a fixed rate with Bank of Scotland but am thinking of letting out my property, is there a cost for consent to let from Bank of Scotland and does the interest rate get uplifted?
  • I are thinking about applying to Bank of Scotland to obtain consent to let our house, how long does it take from the point of sending the forms to us finding a letting agent and listing our house for rent? and are there any additional steps we will need to take?
  • I am currently remortgaging and looking into the flexibility of certain mortgage providers when it comes to consent to let. Bank of Scotland is one of the lenders I am thinking of going with. How accommodating are they are far as consent to let is concerned?