Need Help?

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.

Atom Bank Consent to Lease Example Support Desk Enquires

  • Can Atom Bank choose to operate a right to put a loading on my interest rate on a standard mortgage where Consent to Let at any time, onto ‘rates akin to their BTL products'?

  • I have a ground floor flat in Ealing let out which has a 62 year lease. Mortgage broker said I should refinance (currently with Atom Bank) as a buy to let rather than consent to let and release 55-60k which on top of a new mortgage based on income multiples would give me a budget of £195k. Not much about in Waltham Forest for me to get my own place. To extend the lease will be in region of 21k. Lease out with consent to let or sell the flat?
  • My girlfriend and I (co-owners) are considering switching our mortgage to Atom Bank. I was conducting some research concerning consent to let from Atom Bank to understand the rules around potentially leasing our current property out (probably in a in a couple of years time) if we moved away. The apartment in question was a first-time purchase for us about three years ago. We are living there at the moment.
  • As we are relocating and failing to find a buyer for our flat, we are thinking about letting it out. Is it imperative to disclose this to Atom Bank? If we do, I think they will want to change our mortgage to buy to let and load the rate which we can't afford. I thought if you continued paying on time it shouldn't be an issue, but am now concerned about insurance connotations if we haven't come clean. Any thoughts?
  • This is not a question specific to Atom Bank but do mortgage companies usually provide the information I need for my Buy to Let or Consent to Let self-assessment tax submissions?
  • If I were to apply for consent to let from Atom Bank how long will it take to hear back?
  • I could potentially need consent to let from Atom Bank in the future with work. I am just exploring what the options would be if this was the case. Are there any time restrictions on how long you can let out your property with consent?
  • Is there a time limit on a consent to let from Atom Bank? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?