Need Help?

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

Sample questions relating to Aldermore Bank consent to let

  • Can a new mortgage be taken on a consent to let with Aldermore Bank?

  • My partner and I (co-owners) are in the process of remortgaging with Aldermore Bank. I was doing some research concerning consent to let from Aldermore Bank to understand the rules around potentially leasing our existing apartment out (probably in a year or 2) if we moved away. The apartment in question was a first-time purchase for us about two years ago. We are living there now.
  • I rented my house out for three years between 2009-2012 while living in New York. I have a letter dated May 2010 from the building society granting consent to let. In the letter it explicitly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not changed product since the letter was sent. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not satisfy the new lender Aldermore Bank for the property I wish to purchase.Your view would be appreciated
  • I have a 2 year fixed rate mortgage with Aldermore Bank which began in February. I will be moving out in January and have tenants ready to lease my flat. I need to get a letter from Aldermore Bank granting consent to let until my term is up to allow me to start a new mortgage. What is the procedure for going about this?
  • I'm gathering some information on whether consent to let is something available to me? We have a Aldermore Bank mortgage and are considering renting the place out for a couple of years, but cannot really afford to switch to a buy to let rate. The estate agent mentioned something about a content to let
  • Would I be able to remortgage to Aldermore Bank from my existing provider, with a consent to let or do I need a let to buy homeloan, and if so what are the LTV's?
  • In the event that I was successful in obtaining consent to let from Aldermore Bank, can I sell during the consent period? Is it possible that I would incur any penalties?
  • Me and my husband may have to lease our home temporarily due to a new job. This will be for a limited period but perhaps for threeyears. Should I tell Aldermore Bank or it is wise to keep schtum?