Need Help?

Need professional advice for your consent to let with Allied Irish Bank (GB), a trading name of AIB Group (UK)? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Allied Irish Bank consent to let: Q and A’s

  • Me and my brother are joint proprietors of a small apartment in Harrow with a Allied Irish Bank mortgage. I am looking to move on and buy a new property with my fiancee. How should I deal with letting out my room? Do I need consent to let by Allied Irish Bank. My brother will remain in the apartment
  • I took out a domestic mortgage with Allied Irish Bank last October and then had to relocate for work, I am now considering letting my flat out for a few months whilst I am abroad. What are my chances of obtaining consent to let from Allied Irish Bank, and what effect would this have?
  • My husband and I currently live in NYC and letting out our property in Bromley. This was unplanned but an opportunity presented itself and we took it. The rent we make on the apartment is insufficient to cover the mortgage so we send back funds each month to make up the difference. Last week I got a letter in the mail from our lender telling me that as the property is being let out and has been for nearly four years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell up but this will be far from easy as I am on the other side of the world. Could we remortgage with Allied Irish Bank and get consent to let?
  • At the moment I am looking to purchase my first home however, working as a contractor. I want to chose a mortgage provider that will permit short term letting with a residential mortgage so that I could lease out the property for 6-9 months with long periods of absence without being required to switch to a buy to let rate. Are you able to advise me on how lenders would perceive this and specifically the approach taken by Allied Irish Bank.
  • We are about to buy a place and plan to live in it once we have renovated but we may need to let the property out but not sure what the rules are on consent to let from Allied Irish Bank? We don't need a buy to let mortgage because we are not certain if we will need to let it out at all
  • We would like to move home and have identified a house we wish to purchase so are considering leasing out with consent to let from Allied Irish Bank for our current property to enable us to place an offer and not miss out on the potential new property.
  • Do you know whether Allied Irish Bank will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would Allied Irish Bank let me raise capital based on the rental income ?
  • What, if any, income requirements do Allied Irish Bank set for consent to let on an existing homeowner mortgage?