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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.

Scottish Widows consent to let: Q and A’s

  • Within the next few days I intend to get in touch with Scottish Widows to obtain consent to let out my home in Scottish Widows. However I currently have the property for sale but there without a sniff of interest and forking out for a full mortgage, council tax and insurance on an empty house is a financial drain. What approach would Scottish Widowstake if I market the property?

  • Me and my brother are joint proprietors of a small apartment in Westminster with a Scottish Widows mortgage. I want to move on and buy a house with my fiancee. How do I deal with letting out my room? Would I require consent to let from Scottish Widows. My brother will remain in the property
  • Am I obliged to notify Scottish Widows of my plan to rent a caravan out on the grounds of my property. Can you help clarify? I am seeking separate advice on the insurance, legal and tax side of things .
  • The likelihood is that I will have the opportunity to work abroad in a couple of years. I am therefore potentially downsizing to a newbuild property in Croydon which I could rent out more easily when the time comes. The intention is to keep 50% equity in the new property which would be my home for a while. My existing lender limits consent to let for 12 months. I expect to be renting it out longer term and not informing them could result in a whole host of trouble. BTL seems inappropriate given that I will be living there, perhaps for 2-3 years initially. What product should I be seeking, and from whom? Would, for example, Scottish Widows issue consent to let for more than a year?
  • I am looking at moving abroad for work and would like consent to let from Scottish Widows whilst I am away. Is the way forward to prepare a letter requesting consent to let and mail it to Scottish Widows? The point of renting the property isn't to make money but to retain the property in case things don't turn out as well as we hope
  • Last month I got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger property. Will it be possible to get a consent to let on my new mortgage with Scottish Widows to allow us to get a mortgage also with Scottish Widows for a new home?
  • I’m about to finish the fixed rate period of my 2 year fix with Scottish Widows and change on to the standard variable rate. Can you tell me if consent to let by Scottish Widows is possible, if there are cost, and if there conditions?
  • We are about to buy a property and plan to live in it once we have refurbished but we may need to let the property out but not clear on what the rules are on consent to let from Scottish Widows? We don't need a buy to let mortgage because we are not certain if we will need to let it out at all