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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.

Examples of recent questions relating to Bank of Scotland consent to let

  • I have a residential mortgage approaching renewal with Bank of Scotland. The property has been sub-let for a few years and I now realise that I need to come clean toBank of Scotland. I am led to believe that I must apply for consent to let, but since the property has already been let out for a considerable time could they refuse - insist I go onto a BTL rate or even apply a penalty? I have over 25% equity in the house - and the rent will more than cover the mortgage.
  • We are a young couple and we found a home flat in Lewisham that we like and wish to take out a mortgage with Bank of Scotland. Our concern is that I am pregnant and might give birth any time soon as I am on the last few weeks of pregnancy. This means that it would not be possible for us to move straight away so we are thinking to keep living with my mum and dad for the next few months. Meanwhile, if we buy this property, we can let it out. I was just wondering how will that work out? Are we likely to get consent to let from Bank of Scotland
  • I work for a letting agency in Waltham Forest. Where a landlord opts to rent out their house without consent to let from Bank of Scotland - what liability do I have, if any? My guess is that the landlord isn't committing a crime, however, they would be breaking their agreement with the Bank of Scotland, as Bank of Scotland most probably need to be informed of any change in circumstances. If I pay no attention to the issue could I be accruing problems for my agency?
  • I am an existing Bank of Scotland mortgage client seeking consent to let on an existing property. We would like to purchase in close proximity to where we are based with the Army,... but we may have to move.
  • Will Bank of Scotland want to know why I am applying for consent to let? Should I disclose my potential relocation overseas?
  • My existing mortgage is with Bank of Scotland, but I am going to move out for about 12 months as we need to be nearer to my partner's parents. Will Bank of Scotland give consent to let?
  • If I am tied into a fixed rate with Bank of Scotland but am thinking of letting out my property, is there a fee for consent to let from Bank of Scotland and does the interest rate change?
  • What happens if I have already let the property for a number of years as an HMO and now wish to go legit with Bank of Scotland by obtaining consent to let ? (assume Bank of Scotland had already issued a standard mortgage previously)