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Need professional advice for your consent to let with Banks and Clients plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Banks and Clients consent to let: Q and A’s

  • Under what circumstances will consent to let for a property be given via Banks and Clients? How long do you have to have had the mortgage before consent to let can be granted by Banks and Clients? In order to give you some history:Our home is a very small apartment which is too small for our family, my wife is also unwell and we are far away from family who could provide a bit of relief, in the form of babysitting. I would be interested in procuring consent to let initially with a view to put a tenant in it to cover the expense of the Banks and Clients mortgage.
  • I am a first time buyer in the process of trying to acquire a flat. However I am potentially also going to be moving abroad within the next couple of years. I have mentioned this to my financial adviser who has informed me as long as nothing has been signed or confirmed you can go ahead and apply for a residential mortgage with Banks and Clients. Once that's complete if it transpires that I need to move abroad he said can apply for a consent to let from Banks and Clients. How would the property be treated for CGT purposes? From what I can tell there is some sort of tax relief if you have had to vacate your property to move abroad for work. is that right?
  • How long must you own a property before one is eligible for consent to let ,the lender is Banks and Clients? If issued, can it be withdrawn months later?
  • I would like to be informed of what the policy is for Banks and Clients for consent to let. I have come across differing suggestions in relation to charges and rates. I need to relocate for career reasons but I don't want to sell the property due to a depressed market.
  • Will Banks and Clients want to know my reasons for applying for consent to let? Should I disclose my possible relocation overseas?
  • Just wanted to know what needs to be provided to Banks and Clients in order to get consent to let? I just finished a three year fixed mortgage and thinking of moving to another apartment with my boyfriend.
  • I was wondering if you can help. I do not have consent to let from Banks and Clients and would like to know if this option is available to me to move to as I must move back home to look after my father
  • I'm looking in more information about consent to let from Banks and Clients. Would a valid reason be parking problems and the house is too to small for me?