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Need professional advice for your consent to let with Scottish Widows Bank 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 Scottish Widows consent to lease

  • Am applying for a mortgage with Scottish Widows, but we are running up against a serious block. My husband is a teacher in a boarding school, whereby accommodation is a benefit of the job. We wanted to purchase a three bedroom first floor purpose built flat with a view to joining the property ladder, and rent it out while we're based at the school. I had thought Scottish Widows would grant consent to let from the outset of the mortgage. It appears that we may not be able to get consent to let. Do you have any suggestions?
  • Good morning, I have consent to let my house with Scottish Widows and am now looking to give my tenant two months notice as I want to find a buyer. I am worried about the property being empty when the tenant goes and finding a purchaser. I have never defaulted on the account, is it likely that I would be able to take payment holidays until sold?
  • I intend to rent our current apartment out shortly after we move. This is to be done with consent to let from Scottish Widows. The apartment is currently in my name but I am a higher rate tax payer. Is it best to do a equity transfer to her or should I do a Declaration of Trust?
  • Last month I got married and my wife and I would like to purchase a family home in the coming year, whilst keeping our garden flat in Sutton we currently live in to rent out. Mortgage on the flat is with Scottish Widows. I don't want to put myself in a situation with two residential properties only to be refused consent to let.
  • My two year fixed rate with Scottish Widows will soon come to an end soon I will move on to the current variable rate. Can you tell me if consent to let by Scottish Widows is a foregone conclusion, if there are cost, and if there are time limits?
  • I wish to buy a new home but can't afford to sell the current flat with a Scottish Widows mortgage. Do you know the criteria for Scottish Widows to give consent to let? Is getting married and having kids an acceptable reason to seek consent?
  • I am relocating for work for as long as twelve months... I was wondering if I was able to procure from Scottish Widows consent to let the house out while abroad as I am reluctant to leave it vacant for that long
  • Is consent to let required from Scottish Widows if I am planning to live in the flat myself for three months of the year? In addition if I gain consent to let for a limited time, say up to 2 years, what happens thereafter.