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Need professional advice for your consent to let with Lloyds TSB Scotland plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Frequently asked questions relating to Lloyds TSB Scotland consent to lease

  • I have my ground floor flat in Ealing on the market but notwithstanding a few viewers there is a lack of interest so far. As a fall back position I am considering letting out the property if it doesn't sell. I dont foresee a problem getting consent to let from the freeholder. My financial adviser says that in such a scenario I may be obliged to switch to a buy to let product yet the chances are that I don't have sufficient equity. What's the worst that could happen if I if hypothetically I was to retain the existing Lloyds TSB Scotland mortgage and let the property out on the QT I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
  • I am in possession of a mortgage offer from Lloyds TSB Scotland, but we are running up against a serious block. My husband is the deputy head in a boarding school, whereby accommodation is a benefit of the job. We wanted to buy a garden flat with a view to joining the property ladder, and rent it out while we're based at the school. I had thought Lloyds TSB Scotland would grant consent to let from the outset of the loan. It transpires that I may be refused consent to let. Can you give me any ideas what we can do?
  • Would a mortgage Early Redemption Charge be tax-deductible on Buy to Let flat? This time last year I was thinking of applying for consent to let from Lloyds TSB Scotland on my flat but I ended up changing mortgage provider to get a BTL mortgage. I had to pay an early repayment penalty as I was still in a fixed rate period.
  • We have decided to lease our three bed flat out. We have made an offer on another property for us to purchase and have a tenant to move into ours. I believe I have to ask our mortgage company Lloyds TSB Scotland for consent to let. I wonder if there is a standard consent to let request letter I can use?
  • We have already let but only just dawned on us that Lloyds TSB Scotland ought to have been notified and consent to let sought - what's the best course of action now?
  • We are 12 months into a three year normal mortgage with Lloyds TSB Scotland. Just curious if it's ok to rent out the flat on my existing mortgage. Will Lloyds TSB Scotland give consent to let?
  • I would like some guidance on how best to approach my mortgage provider Lloyds TSB Scotland regarding a 'Consent-to-Let' application. Is this something you can offer guidance on ?
  • I took a standard mortgage with Lloyds TSB Scotland. I purchased the property in December two years ago. How difficult will it be to get consent to let.