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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.

Bank of Scotland consent to let: Q and A’s

  • My flat has a mortgage against it with Bank of Scotland and I have been renting my flat minus consent to let, which I am now led to believe means I am in contravention of my mortgage terms and condition. I think that they have found out that I am not residing there. What negotiating options do I have if I don't sell it before they are on notice that I am in breach of my conditions?
  • I wish to acquire a second house having recently purchased a studio flat on domestic mortgage. Looking to purchase next year. I am told that I may need consent to let from Bank of Scotland, my current mortgage provider? What is the best way to go about this and procure the permission required.
  • Since we are relocating and unable to sell our flat, we are mulling over renting it out. Is it necessary to advise Bank of Scotland? I am concerned that Bank of Scotland might change our terms. I thought if you continued paying on time it shouldn't be a problem, but am now nervous about insurance ramifications if we haven't got consent to let. Any feedback?
  • I bought a garden flat in Tower Hamlets in 2008 and remortgaged with Bank of Scotland on a rate which expires in the later this year. If I go abroad and want to let out my property what would I need to do to get consent to let and what are the financial repercussions if any?
  • If I let my property with consent to let from Bank of Scotland will there be any rate increase? I am currently on a standard variable rate.
  • I have a consent to let letter that I have attained from my management company. I presume I need to attaching this with a letter to Bank of Scotland with a view to seeking consent to let from them. What address shall I mail it to?
  • I want to apply for consent to let from my lender Bank of Scotland to lease out my house. . Can you tell me if Bank of Scotland issue consent to let in this situation?
  • Is there a time limit on a consent to let from Bank of Scotland? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?