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Need professional advice for your consent to let with Santander? 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 Santander consent to lease

  • What options are open to me if my request for consent to let is rejected by Santander?

  • I have been naive in not informing Santander that I’m renting my flat out. I would like rectify the situation and apply for consent to let. If Santander says yes, how would you rate the chances of them finding out historically that the property was let without consent?
  • We are currently in Dubai and leasing out our apartment in Sutton. This was unplanned but an opportunity arose and we took it. The rent we make on the apartment is insufficient to cover the mortgage so we transfer funds each month to cover the difference. Last week our lender got in touch telling me that as the property is being let out and has been for nearly three years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell up but this will be difficult as I am so far away. Would it be possible to remortgage with Santander and get consent to let?
  • Just wondering if Santander conduct any checks when seeking a residential mortgage, I'm preferably looking to rent the property out and am in two minds as to whether I should apply for consent to let. How likely are they to find out if I let the property out?
  • I was just curious as to whether Santander would grant consent to let and what kind of charges, penalties and rate increase etc
  • Prospective tenants are about to move into my property and I have mortgage offer from Santander on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
  • In the event that I was successful in obtaining consent to let from Santander, can I sell during the consent period? Is it possible that I would incur any penalties?
  • Will Santander give consent to let my flat? I have an existing residential mortgage, never had arrears and have been with Santander for approximately since 2009. What costs am I likely to face