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.

Examples of recent questions relating to Allied Irish Bank consent to let

  • I am two years up in my five year fixed rate mortgage and have accepted a job abroad so wish to let my property for 2 years. My equity is about 65%. Are you able to clarify whether Allied Irish Bank will load the interest rate for consent to let for the period of my letting?
  • I have a Allied Irish Bank mortgage on an apartment I own, in Tower Hamlets. Last month, resulting from a change of personal circumstances I decided to rent out the apartment, and rent another property in a different area within same loc. The personal situation that changed is that my partner moved in, and the flat is not big enough for us. I would rather not sell the flat because the current market value is significantly lower than when I purchased the flat eight years ago. I wrote to Allied Irish Bank for a consent to let which was turned down because they considered that I wanted to invest in the flat. Any advice would be greatly appreciated, as this is really stressing me out. There is a sense of urgencyas there is a prospective tenant waiting for this consent to let and could withdraw.Many thanks
  • My partner and I currently live in Hong Kong and leasing out our apartment in Brent. This was unplanned but an opportunity arose and we took it. The rental income is not enough to cover the mortgage so we transfer money each month to make up the shortfall. Anyway this morning I got a letter in the mail from our lender telling me that because 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. One option is to sell the property but this will be difficult as I am so far away. Would it be possible to remortgage with Allied Irish Bank and get consent to let?
  • Last week I received a decision in principle from Allied Irish Bank for a mid terraced house. I have applied through Right to Buy. It is a capital and interest mortgage. I am curious as to what is the main criteria Allied Irish Bank adopt in order to grant borrowers consent to let? Is consent to let based on the rental yield of a property?
  • I’ve already let but only just realised Allied Irish Bank should've been told and consent to let sought - what's the best course of action now?
  • I wish to buy a new home but can't afford to sell the existing flat with a Allied Irish Bank mortgage. Do you know the criteria for Allied Irish Bank to give consent to let? Is getting married and having children an acceptable reason to to ask for consent to let?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Allied Irish Bank. My property is worth approx £185k and owe £85k on it. Do you think Allied Irish Bank increase my interest rate?
  • I want to apply for consent to let from my lender Allied Irish Bank to rent out my flat. This is due to me relocating. Do Allied Irish Bank allow consent to let in this scenario?