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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.

Questions and Answers: Aldermore Bank consent to let

  • Bottom line - if worst comes to the worst what action Aldermore Bank can take if I have let out my house in the absence of consent to let?

  • I have been offered an excellent career opportunity for 6 months abroad. I have enough money to meet the monthly Aldermore Bank mortgage however the buildings insurance requires continuous residency in order not to be invalidated. Last Christmas the roof had some leaks that were repaired. If there happened to be any problems in the winter months I would struggle to cover the repair costs. Would I be eligible for consent to let by Aldermore Bank for a limited period?
  • I may have the chance to go and work abroad in a couple of years. I am therefore thinking of scaling down to a newer flat in Merton which I could rent out with less difficulty as and when required. I would aim to retain half the equity in the new property which would be my home for a while. My current mortgage co limits consent to let for a year. I anticipate renting it out longer term and not informing them could result in a whole host of problems. Buy-to-let seems wrong given that I will be living there, perhaps for 2-3 years initially. What type of mortgage do I ask for, and from whom? Would, for example, Aldermore Bank give consent to let for an open ended period?
  • Approximately nine months ago I moved out my house in a rush and let out the property. I am aware I needed consent to let via Aldermore Bank but was not sure what my plans were and just forgot about it. I find myself in a situation where I wish to sell that house and port the Aldermore Bank home loan to a new apartment. I am struggling to find a path to do this without leaving myself at the mercy of Aldermore Bank for failing to obtain consent to let. When switching, at the time of completion of the sale, you must say you intend to "port the rate" and endure fresh set of affordability checks. Although I do not envisage issues with affordability, the credit check will disclose that I don't live there any more.
  • My fiance and I are looking to ask Aldermore Bank for consent to let out our property in Croydon. We are moving overseas for three years and wish to let it out. I didn't check this out when we got the Aldermore Bank mortgage, and that was due to the fact that we never thought an opportunity like this would come up so was planning on being in the house.
  • Seven weeks ago I completed my homeloan with Aldermore Bank since when my boyfriend has proposed and we are deciding whether to reside in his house or mine. Would I be issued consent to let if I decided to move into his property
  • I have a mortgage with Aldermore Bank. I am thinking of moving out and letting out my flat. Am I required to obtain consent to let ?
  • My partner and I am looking into the option of letting out my home with consent to let from Aldermore Bank whist away travelling for three months