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Need professional advice for your consent to let with Atom 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: Atom Bank consent to let

  • I have my studio flat in Waltham Forest on the market but notwithstanding a few viewers there is a lack of interest so far. As a backup option I am considering letting out the property if it doesn't sell. I dont anticipate a problem getting consent to let from the freeholder. My financial adviser says that in such circumstances I may be required to switch to a B2L mortgage yet I probably don't have sufficient equity. What's the worst that could happen if I if hypothetically I was to just keep the current Atom Bank mortgage and rent out the flat on the QT I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
  • I found tenants for my property last June and didn't tell Atom Bank. I have a five year domestic mortgage (significant equity in it, never defaulted) and want to let Atom Bank know and get consent to let for the final two years of my mortgage . I am unsure what to do.
  • My husband have an offer accepted to buy a property, we have a deposit of between 10-15% for a domestic mortgage with Atom Bank. The small issue is we are due to go overseas in three months for work. We are using a mortgage broker. She says if you tell this to Atom Bank in advance we will need to get a buy to let. Do go ahead with residential mortgage with Atom Bank, shortly thereafter ask them if I can have consent to let? Alternatively, do we try and contact Atom Bank at this point and reveal there is a possibility we will move abroad in the future (I have not signed anything as yet to move abroad) and see if they agree in advance that it should not be a problem
  • I'm twelve months into a two year fixed mortgage with Atom Bank. The LTV is just 40%. I've come across a really good deal on a garden flat in Enfield which I would not want to miss. It seems the only way to purchase the other property is to take out some good chunk of equity. I would let the existing home which would adequately cover the mortgage with Atom Bank. Can I get a consent to let from Atom Bank and and then seek an equity release after it's let out?
  • Atom Bank - consent to let potential. Are you able to advise on the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
  • We have an cottage in our garden. Do we need consent to let this from Atom Bank? If so, what is the process if I wish to change my mortgage to consent to let?
  • One year into a homeloan with Atom Bank due to job offer.. need to relocate. Do you think I can get buy to let or consent to let.
  • Soon to remortgage my flat but I will potentially moving out in the next year and would be looking to let it out. Do you think I can get buy to let or consent to let from Atom Bank?