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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

  • My wife and I have a Banks and Clients mortgage and are are not in arrears, both employed etc. Can you tell me how much the fees are and if Banks and Clients are likely to give us consent to let without transferring to a different deal?

  • I have my maisonette in Lambeth on the market but despite a couple of viewings there is a lack of interest so far. As a fall back position I am considering letting out the property if cant find a buyer. I dont anticipate a problem getting consent to let from the freeholder. My financial adviser says that in such a scenario I may have to switch to a B2L product yet the chances are that I don't have enough equity needed. What's my exposure if I if hypothetically I was to retain the current Banks and Clients mortgage and rent out the flat without telling them I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
  • My brother and his partner currently lodge with me at my flat. This Spring I would like to move out of the property and in with my partner. How likely is it that I will be able to get consent to let from Banks and Clients after only having the mortgage for 6 months?
  • Resulting from a change in family circumstances my husband and I are moving to my mum and dad’s house while they are away and letting our flat out. What is best way to approach my mortgage lender for a 'Consent-to-Let' ? We will need to refinance in the next twelve months will we then switch to a BTL product. We will 100% return to our property at within the next nine months?
  • We are planning to move to Australia for a couple of years for my job but I don't want to convert the mortgage to BTL as the intention is to move back into it when I return. Do you know if Banks and Clients charges extra on the interest? Is there any way around this?
  • Please can you tell me the circumstances under which Banks and Clients would refuse a consent to let application?
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a half year rule before consent to let - does this apply to all lenders. Is there any way Banks and Clients would allow it at the outset?
  • I currently have a residential mortgage with Banks and Clients and plan on letting due to work being based in Manchester. In seeking consent to let from Banks and Clients do I run the risk of them forcing me to change deal to BTL