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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.

Co operative Bank consent to let: Q and A’s

  • My wife and I have a Co operative Bank home loan and are are up to date with payments, both employed etc. Can you tell me how much it will cost and if Co operative Bank are likely to give us consent to let without transferring to a new mortgage product?

  • A year ago my bank (not Co operative Bank) issued me with consent to let. This was subject to a provision that every half year they would add a charge of 0.5% of the outstanding mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. This may be no more than a basic computer error but I am nervous that it would also mean I no longer have Consent to Let.
  • me and my wife have just sorted our rates for another fixed period with Co operative Bank. However, I attended an interview and basically I accepted the job offer in Sutton. I'm going to rent a two bedroom flat for me and my family in Wandsworth as we don't wish to sell the house whist there is a chance that we come back within a couple of years.... We really have no idea how things will go. We have contacted Co operative Bank but we would appreciate your take on the situation. Is it possible to get consent to let in that case as we secured a fixed 5 years rate we would not want to swap this.
  • My husband and I are looking to lease our 2 bed flat out. We have put an offer on another property for us to purchase and a tenant at the ready to move into ours. I believe I have to ask our lender Co operative Bank for consent to let. Is there a template consent to let request letter I can use?
  • What is the longest period that Co operative Bank is willing to issue Consent To Let for?
  • I would like to know all the definitive criteria and requirements in place to switch my Co operative Bank mortgage to a consent to let?
  • Seven weeks ago I completed my mortgage with Co operative Bank since when my boyfriend has proposed and we are deciding whether to reside in his house or my property. Would I be granted consent to let if I were to move in with him
  • I am intending on moving within the next six months and want to lease my property out. My mortgage rate is fixed with Co operative Bank. I am concerned that a 1% increase would be too much if that was linked to obtaining consent to let