Need Help?

Need professional advice for your consent to let with State Bank of India UK? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Common questions relating to State Bank of India UK consent to lease

  • I have been letting out my flat with "consent to let" from State Bank of India UK on a regular mortgage for the last 24 months. State Bank of India UK have now advised that they are retracting their consent to let unless we convert to one of their "buy to let" loans.

  • Resulting from a redundancy my partner and I are looking to move away from Haringey and our flat, potentially to a job in Norway but that means we will want to let the property but don't want the penalty fee of existing State Bank of India UK mortgage which will be high.What are acceptable reasons for obtaining consent to let on our property?
  • My mortgage is with State Bank of India UK and wonder if I am required to notify them if we no longer reside in the property. I fear that they may jack up the interest rate if we move and let it out but it's not very clear what the increase would be. If I decide to rent my house out and seek consent to let in what way would the payments increase?
  • Since we are relocating and failing to sell our flat, we are thinking about renting it out. Am I duty bound to disclose this to State Bank of India UK? If we do, I think they will want to change our mortgage to buy to let and load the fees etc which we can't afford. I thought if you continued paying on time it shouldn't be a problem, but am now worried about insurance implications if we haven't got consent to let. Any thoughts?
  • As a result of work opportunities I will be relocating to Scotland and would like to let out my flat temporarily, are you able to confirm what steps I need to take in order to get consent to let from State Bank of India UK?
  • I plan to buy a new home but can't afford to sell my current property with a State Bank of India UK mortgage. Do you know the criteria for State Bank of India UK to give consent to let? Is getting married and having children a sufficient reason to to ask for consent to let?
  • Is it possible to negotiate a consent to let from State Bank of India UK if I have an existing mortgage which has been in place for ten years?
  • My wife and I took out a mortgage with State Bank of India UK a few months ago and although it's still early days we may have to relocate around next Summer and would like to be able to lease our apartment out. Would this be possible with a non-commercial mortgage?