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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.

Recently asked questions relating to Co operative Bank consent to lease

  • I have a homeowner mortgage over my residence in loc and am due to relocate to country for a couple of years. During this time frame it would be ideal if I could rent out my flat. My bank will not provide me with consent to let. I don’t really want a buy to let mortgage as it’s only for a short period that I am abroad for.

  • I am about to join the property ladder hoping to complete on a small house in Co operative Bank. I have a 40% deposit and expect a mortgage from Co operative Bank. My dilemma is that my partner has a apartment in Birmingham and I anticipate moving in next month, when I would have to let out my house. I understand that consent to let is required but it does not sound like a positive outcome is assured. Is there any advice you can impart?

  • I was hoping you could please providing me some more detail on what the procedure is for applying for content to let, what do I need to do. I am considering a Co operative Bank mortgage on a £350,000 house in six months time. The aim would be to hold the house as a second home but I need to consider what options there are to let the property in the future. If our circumstances were to change the house would either be sold or let out.
  • We are currently in Dubai and leasing out our flat in Lambeth. This was unplanned but an opportunity arose and we took it. The rental income is not enough to cover the mortgage so we send back money each month to make up the shortfall. Yesterday our lender got in touch telling me that because the property is being let out and has been for nearly four years we will have to pay 1.5% interest on top of our current mortgage rate. One option is to sell up but this will be difficult as I am on the other side of the world. Could we remortgage with Co operative Bank and get consent to let?
  • My fiance and I invested in buying a property in Bristol with Co operative Bank and am moving to rent a property in Cornwall due to work. Is consent to let from Co operative Bankavailable? I am only looking to let out the flat for six to nine months before selling.
  • Do you know whether Co operative Bank will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Co operative Bank let me raise capital based on the rental revenue ?
  • I wish to apply for consent to let from my lender Co operative Bank to lease out my property. . Can you tell me whether Co operative Bank grant consent to let in these circumstances?
  • Me and my partner am looking into the option of letting out my flat with consent to let from Co operative Bank whist away travelling for four months