Need Help?

Need professional advice for your consent to let with Bank of Ireland (UK) plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Bank of Ireland Consent to Lease Example Support Desk Enquires

  • I am about to email my lender Bank of Ireland justifying the following reasoning for my request for consent to let ; "I am having difficulties with the monthly mortgage amount and wish to move to a smaller place but can't sell. I wish to avoid defaulting on the mortgage and have considered giving over the property to you. If you granted consent to let that may solve matters." What are the chances that this will result in a positive response?
  • I am interested in understanding the conditions customers have to satisfy before consent to let from Bank of Ireland is issued. Are there any restrictions on who can be given consent?
  • Me and my wife live in a house where there exists a number of spare rooms. We are deliberating the prospect of setting up an B&B type operation to rent half the property out on a check-in and check-out basis. Do you know this kind of thing allowed under Bank of Ireland’s standard 'consent to let' requirements?
  • My fiance and I are planning on acquiring a house, renting a couple of the bedrooms out in order to cover the mortgage with Bank of Ireland, and then moving on in a few years time - at which point the property would be fully tenanted. Is it likely that Bank of Ireland would look at this unfavourably as I will have been issued with a normal loan rather than a B2L or consent to let? I've heard that in extreme situations they can repossess the property, is this an exaggeration?
  • How do I go about getting a consent to let application form from Bank of Ireland and how quickly can I get the consent?
  • If I am tied into a fixed rate with Bank of Ireland but am considering letting out my property, is there a cost for consent to let from Bank of Ireland and does the interest rate get uplifted?
  • My wife and I would like to obtain consent to let on a house where we have a mortgage with Bank of Ireland. If granted, how long would consent be given for? In asking for consent to let from Bank of Ireland are we running the risk of them forcing us to change deal to BTL
  • Is consent to let a cheaper way of becoming a landlord? Isn't this a loophole for some borrowers to exploit?