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Need professional advice for your consent to let with Allied Irish Bank (GB), a trading name of AIB Group (UK)? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Allied Irish Bank consent to let: Q and A’s

  • I intend to let out my flat to some tenants who have asked me for evidence of my ‘consent to let’ from Allied Irish Bank, my bank. Why would they ask for this

  • Good morning, I have consent to let my property with Allied Irish Bank and am about to give my tenant 2 months notice as I intend to sell the property. I am worried about the property being vacant when the tenant leaves and finding a buyer. Not once have I defaulted on the account, would it be possible to take payment breaks pending the sale of the property?
  • My fiance and I are planning on purchasing a house, renting two of the rooms out to help cover the loan with Allied Irish Bank, and then moving on in two or three years - when the property would be fully let. How likely is it that Allied Irish Bank would look at this unfavourably as I will have been granted a domestic homeloan as opposed to a B2L or consent to let? I've heard that the worst case scenario is that they can sue for mortgage fraud, is this right?
  • Is it possible that lenders (my home loan is with Allied Irish Bank) have changed tune and are now taking a more lenient approach towards consent to let? A mortgage adviser recently told me that BTL mortgages are not regulated by the FCA whereas residential mortgages are. So if I switch from a residential to a BTL I am moving to a regulated product. He suggested that under the current regulation banks are reluctant to allow borrowers do this, which may explain why some banks will let customers obtain consent to let but not move to a BTL mortgage. Is he right?
  • 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 Allied Irish Bank to allow us to get a mortgage also with Allied Irish Bank for a new home?
  • I am require from Allied Irish Bank consent to let out my home in Enfield. I am going to live with my mother as I am off work due to ill health.
  • I am fixing my residential mortgage with Allied Irish Bank but as a result of my job I may have to live abroad for a couple of years. Will Allied Irish Bank allow and give consent to let and there be any penalty
  • One year into a mortgage with Allied Irish Bank due to job offer.. need to relocate. Is it possible to get buy to let or consent to let.