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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.

Questions and Answers: Banks and Clients consent to let

  • Banks and Clients have just granted me consent to let. After some effort, Banks and Clients have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. Can you explain what this is?

  • I need to move my children's school by mid-September and move to a different area. there is insufficient time to sell my house.The only way I can see of doing it is to lease my property out. Currently I have buildings and contents insurance. Do I need different insurance? What should request from Banks and Clients regards to consent to let?
  • I am looking for some initial advice to see consent to let is a viable proposition. I bought my flat nine months ago by porting an existing Banks and Clients mortgage product. My fixed rate expired four months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Banks and Clients, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to switch to a buy to let mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to raise extra capital to satisfy the 65% LTV ratio required for a buy to let loan. It would be preferable to receive consent to let from Banks and Clients for a couple of years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • My partner and I currently live in Dubai and renting out our property in Brent. This is not something we planned but an opportunity arose and we took it. The rental income is not enough to cover the mortgage so we send back money each month to cover the shortfall. Anyway this morning I got a letter in the mail from our lender telling me that because the property is being let out and has been for nearly three years we will have to pay 1.5% interest on top of our current mortgage rate. We could sell up but this will be difficult as I am so far away. Could we remortgage with Banks and Clients and get consent to let?
  • I am looking to Banks and Clients to grant consent to let out my studio flat in Barnet. I am travelling for a year
  • Banks and Clients - 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?
  • I am a Banks and Clients borrower. I would like to apply for consent to let my home. I have been waiting for a response from Banks and Clients. Could you please check and help?
  • Will Banks and Clients issue consent to let my house? I currently have a homeowner mortgage, never had arrears and have been with Banks and Clients for about since 2009. What costs am I likely to incur