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Need professional advice for your consent to let with Clydesdale Bank 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: Clydesdale Bank consent to let

  • Will Clydesdale Bank exercise a right to increase interest rates on a non-commercial mortgage where Consent to Let at any time, onto ‘rates equivalent to their BTL loans'?

  • I am between a rock and a hard place with a Consent to Let home loan. In response to requesting consent to let the bank has requested evidence of a signed tenancy agreement prior to issuing permission. Is is not the case that if I adhered to their request that I would be breaching the lender’s terms and conditions?

  • Redbridge premises valued at £100k. Clydesdale Bank mortgage owing £30k with seven years left. Obtain consent to let from Clydesdale Bank for current apartment and utilise rent to pay off what is left of mortgage. Take out 75 per cent Clydesdale Bank loan on second property that becomes my primary residence? Any reason I cant do this?
  • I am looking for some initial advice as to whether consent to let is a viable proposition. I bought my flat 8 months ago by porting an existing Clydesdale Bank mortgage product. My fixed rate expired four months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Clydesdale Bank, 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 B2L 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 come up with extra capital to satisfy the 65% LTV ratio required for a buy to let mortgage. Ideally I would like to obtain consent to let from Clydesdale Bank for 1-2 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.
  • Wewould like to let the family home and purchase another. Can Clydesdale Bank refuse to grant me consent to let?
  • My husband and I are planning to ask Clydesdale Bank for consent to let out our property in Greenwich. We are moving overseas for three years and wish to rent out the property. I omitted to look into this when we took the Clydesdale Bank mortgage, and that was due to the fact that we never thought an opportunity like this would come up so was planning on occupying the house.
  • I have recently got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger property. Will it be possible to get a consent to let on my new mortgage with Clydesdale Bank to allow us to get a mortgage also with Clydesdale Bank for a new home?
  • I was wondering if you could assist. I do not have consent to let from Clydesdale Bank and was wondering if this option is available to me to move to as I must move back home to take care of my father