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.

Top Five Questions relating to Allied Irish Bank consent to lease

  • I have a friend who is considering renting their property out and moving in with partner. The property is in Bexley and has a £80k mortgage with Allied Irish Bank. What would she need to do to get consent to let if she decides to do this.
  • Eighteen months ago my husband and I bought our council house, in Southwark,recently valued at £220k. It's completely paid for from our own finances, mortgage fee. We are prohibited from selling (without penalty of losing some of our discount) before five years have passed. Regardless, we would like to retain it as a investment property to let out. We wish to release some equity via a Allied Irish Bank mortgage. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. Are you able to assist?
  • I am two years up in my five year fixed rate mortgage and planning to take a job abroad so wish to let my flat for a couple of years. My loan to value is about seventy per cent. 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 am intent on purchasing a house, letting two of the rooms out to help cover the loan with Allied Irish Bank, and then moving on in a few years time - when the property would be entirely let. How likely is it that Allied Irish Bank would look at this unfavourably as I will have been granted a owner-occupier mortgage as opposed to a B2L or consent to let? I've read that the worst case scenario is that they can repossess the property, is this true?
  • We have a fixed rate mortgage with Allied Irish Bank and are considering obtaining consent to let so that we can apply for another mortgage on another property that I own on a buy to let basis. Ahead of applying I would like to know the implications of making the change and any facts that we need to consider.
  • A work promotions now necessitates that Ibe in different countries every month and as a result I wanted to get to grips with the process for applying for consent to let with Allied Irish Bank
  • If I have an existing residential mortgage with Allied Irish Bank and am planning to rent it out in the future will I be granted consent to let? What is the procedure and what needs to be done next?
  • Can you tell me how much the fees are and if Allied Irish Bank typically grant consent to let without changing to a commercial rate?