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Need professional advice for your consent to let with Co operative 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: Co operative Bank consent to let

  • I have a mortgage with Co operative Bank on a flat and I am intending to find a tenant for it out and rent another property due to changes in personal circumstances - I want to move to a different location, and to live in a larger property with my partner. I applied for consent to let and recently got a response refusing because they felt I want to invest. I as at a loss as to what my options are. I am now at risk since I already have rented a new house and would have to pay both the Co operative Bank mortgage and rent, which could put me in financial risk. The matter needs to be addressed soon because a potential tenant is waiting
  • I have recently rented out my ground floor flat having been granted Consent to Let with my building society. Half a year has now gone by and they have increased my mortgage rate as previously advised. I cannot switch to a preferable product with them, as they will withdraw my consent to let. If I was to go with an alternative provider such as Co operative Bank, would I need to get a BTL loan or could I just refinance and gain consent to let?
  • We just completed on a apartment in Sunderland and will be moving to Devon at the end of February. I have a letting agency and tenant lined up. I was planning to keep quiet as I'm worried Co operative Bank will insist that I change my mortgage rate over to a buy to let and am unable to afford that. I would like to get a consent to let via Co operative Bank but am afraid if I show my hand it would lead to no end of issues
  • Just a quick question as a bit in the dark and wondering if Co operative Bank perform any checks when applying for a homeowner mortgage, I'm ideally looking to rent the property out and am unsure as to whether I should apply for consent to let. How would they find out if I lease the place out?
  • I need to send the consent to let form by courier and wanted to know if Co operative Bank have a regular mailing address I can use as couriers usually don’t accept deliveries to PO Box numbers.
  • I have a mortgage with Co operative Bank on a two year fixed term contract. I may have an opportunity for a teaching position abroad next year. Would I qualify for consent to let via Co operative Bank were I to accept this job abroad?
  • I have a mortgage with Co operative Bank but am told they have a stipulation that they do not grant consent to let the property to a local authority. Is this right and if so, can you suggest a method round this?
  • Last month I bought a flat using a Co operative Bank mortgage. However I am currently living with parents. I don't want to move in until for seven months due to personal issues. In interim can I let out the property with consent to let?