Need Help?

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

Top Five Questions relating to Aldermore Bank consent to lease

  • Are you able to providing me a little info on what the process is for applying for content to let, what do I need to do. I am considering a Aldermore Bank mortgage on a £140,000 property on the coming months. The aim would be to hold the house as a second home but I would like to know what options are open to me to let the property in the future. If our situation was to change the house would either be sold or rented.
  • I previously got consent to let from Aldermore Bank in 2013 but failed to need it and have since remortgaged to another lender. I recently asked for consent to let. I was informed that it would be forthcoming since their requirements were met. Yet recently got a letter informing me that I must provide a letter from the DWP indicating that that are aware of my current situation before they can provide authorisation. They said this is policy but I have not been able to find these conditions on their site. I did complain about the insinuation that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £25 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • I refinanced with Aldermore Bank recently, borrowing extra with the intention of doing a loft conversion. That plan has proved not to be possible and I now intend to purchase a 2nd property as my main home and rent the old property out with consent to let. Is that likely to open up a can or worms?
  • We are planning to lease out my property for 12 months from 15th September 2016. Is there conventional wording for a letter I can use to write to Aldermore Bank to apply for consent to let.
  • I have a letter to Aldermore Bank requesting consent to let signed and ready, but I'm not sure what address I should mail this to. Can you please help me with the address?
  • Should I decide to apply for consent to let from Aldermore Bank how long does it take to get consent to let after you apply to Aldermore Bank. ?
  • I have a domestic mortgage with Aldermore Bank, and I would like to rent the property out, until I decide whether to sell or keep it as an investment. At the moment I am on the fixed rate. Will I need to remortgage? I.E. BTL?
  • Last month bought a ground floor flat in Hackney. I am first time buyer. I am moving Paris next month, can I get consent to let from my lender Aldermore Bank or do need to wait for at least 6 months?