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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.

Top Five Questions relating to Co operative Bank consent to lease

  • Can Co operative Bank invoke a right to change the rates on a regular mortgage that has just been approved for Consent to Let at any time, onto ‘rates equivalent to their BTL loans'?

  • I have just been presented with a once in a lifetime job opportunity for 6 months abroad. I do have sufficient cash reserves to cover the monthly Co operative Bank mortgage yet the buildings insurance stipulates that the property must be occupied in order to be valid. Last Christmas the roof was damaged but repaired. If there happened to be any problems through the winter months I would find it hard to afford remedial works. Will I qualify for consent to let by Co operative Bank for a limited period?
  • I rented my flat last June and didn't tell Co operative Bank. I have a five year residential mortgage (large amount of equity in it, never defaulted) and want to let Co operative Bank know and get consent to let for the final 24 months of my mortgage . I am unsure how to go about this.
  • Presently my mortgage provider is Co operative Bank. Can you point me to where I can download the consent to let submission forms from, as we have commenced letting the property?
  • My fiance and I acquired a property in London with Co operative Bank and am moving to rent a property in Somerset due to work. Is consent to let from Co operative Bankavailable? I am only looking to let out the flat for 6 - 12 months before selling.
  • I would like to lease out my home. Do I just send a letter to Co operative Bank asking for consent to let out the house?
  • Do you know whether Co operative Bank will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would Co operative Bank let me raise capital based on the rental revenue ?
  • I am relocating for work for as long as twelve months... I was wondering if I was able to procure from Co operative Bank consent to let the house out while overseas as I do not want to leave it vacant for that period