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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.

Lloyds TSB Scotland consent to let: Q and A’s

  • I am about to join the property ladder looking to purchase a 2 bedroom house in Lloyds TSB Scotland. I have a good size deposit with a mortgage from Lloyds TSB Scotland. My predicament is that my girlfriend owns a flat in Nuneaton and I hope to be moving in next month, when I would want to let out my property. I understand that consent to let is required but it does not sound like a guaranteed option. Is there any advice you can impart?

  • Is it permissible to rent out our house in the absence of consent to let from our lender? I am aware that initially we signed a declaration saying it wouldn't be a buy to let property and that we don't own other property. I know you can't use help to buy if you owned other property at the time, but what about property thereafter? Can you purchase a further property, receive a gifted property?
  • My fixed deal runs out late next year and I'm planning on fixing for a further 4 years with Lloyds TSB Scotland, hopefully rates will still be low. In two years time I might want to move for a couple of years to a different city. How simple is it to get consent to let by Lloyds TSB Scotland under these circumstances? Assuming that monthly rent payments would be about £250 higher than the Lloyds TSB Scotland mortgage payments.
  • I've been with Lloyds TSB Scotland for about 2 years and have just re-fixed the mortgage rate. The loan to value is in the region of 30%. We now must move into my elderly mother-in-law's home to care for her, it would make sense to rent our house out - do I require consent to let from Lloyds TSB Scotland and is it likely to cost much?
  • My brother and I are thinking about applying to Lloyds TSB Scotland to obtain consent to let our home, how long does it take from the point of sending the forms to us finding a letting agent and listing our house for rent? and are there any additional steps we will need to take?
  • I would like to let my property for two years max. How do I go about getting consent to let from Lloyds TSB Scotland who I have a mortgage with?
  • I would like to find out more about obtaining consent to let on a property. In particular what is the procedure for consent to let if you have a homeowner mortgage with Lloyds TSB Scotland
  • I have a mortgage with Lloyds TSB Scotland but am wanting to rent my house out and move in with my fiance and baby what is required to get consent to let?