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

Questions and Answers: Bank of Scotland consent to let

  • I have a Bank of Scotland mortgage on a flat I own, in Greenwich. This year, resulting from a change of personal circumstances I decided to rent out this flat, and rent a house in a different area within same loc. The state of affairs that altered is that I started cohabiting with my partner, and the flat is too small for our needs. I do not wish to sell the flat because the current market value is significantly lower than the market value when I purchased the property in 2004. I contacted Bank of Scotland for a consent to let which was turned down because they considered that I wanted to invest in the flat. Any advice would be greatly appreciated, as i am at the end of my tether. There is a sense of urgencyas there is a prospective tenant waiting for this consent to let and could withdraw.Yours sincerely
  • After 17 years in Manchester, I'm considering relocating to be nearer to family. We've only been homeowners for the last two years and about to renew our mortgage with Bank of Scotland. In the relocation destination, we are be looking at a 3-bed house around the £275k mark. Ideally, we would like to keep hold of my existing property. Could I ask for Consent to Let from the proposed new mortgage provider Bank of Scotland. If granted what are the likely conditions?
  • me and my wife recently sorted our rates for another fixed period with Bank of Scotland. However, I went to an interview and basically I accepted the job offer in Hackney. I'm going to rent a one bed flat for me and my family in Greenwich as we don't want to sell the house and moreover we might come back within a couple of years.... We really have no idea how things will go. We have contacted Bank of Scotland but we would appreciate your point of view please. Is it possible to get consent to let in that case as we secured a fixed 5 years rate we would not want to lose this rate.
  • I have been in the armed forces for five years and planning to purchase a house using a Bank of Scotland mortgage. I would like to obtain consent to let the property to my mother and father in law. In the future I would reside in the property with my wife and kids when my military career finishes. Is this feasible?
  • Will Bank of Scotland choose to operate a right to switch the rates on a residential mortgage where Consent to Let at any time, onto ‘rates equivalent to their B2L range'? Is it possible to remortgage on a consent to let with Bank of Scotland?
  • Me and my partner have a mortgage with Bank of Scotland but am informed they have a policy that they refuse to give consent to let the property to a local authority. Is this right and if so, is there a way round this?
  • Bank of Scotland - consent to let potential. Can you advise on the process with this lender? Do they have a minimum period prior to changing and is it possible that I would be required to make a cash injection to reduce the LTV?
  • Just wanted to know how to precure a consent to let from Bank of Scotland with whom I have a mortgage with. There is an outstanding balance of 47k. The value of house is 245k. Property is in my name but my wife and I would like to purchase a garden flat in Haringey we have seen together. How do we go about this?