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

Recently asked questions relating to Atom Bank consent to lease

  • My fixed rate mortgage with Atom Bank expires late 2017 and I'm planning on fixing for another 4 years with Atom Bank, with any luck rates will still be low. In two years time I might wish to move temporarily to a different city. How problematic is it to get consent to let from Atom Bank under this situation? Assuming that monthly rent payments would be about £175 above the Atom Bank mortgage payments.
  • My partner and I (joint owner) are considering remortgaging with Atom Bank. I was conducting some research concerning consent to let from Atom Bank to understand the rules around potentially leasing our existing flat out (probably in a in a couple of years time) if we moved away. The property in question was a first-time purchase for us about two years ago. We are living there now.
  • My mortgage is with Atom Bank and wonder if I am obliged to disclose if we no longer reside in my house. I believe that they may up the interest rate if we move and find a tenant but it's not very apparent what the change would be. If I decide to rent my property out and seek consent to let in what way would the payments go up?
  • I have found myself in the accidental landlord category and failed to inform Atom Bank. I had to leave my apartment for work purposes, so am now based in another part of the country. At first I attempted to sell the flat, but prices were low, resulting in negative equity. This was four years ago in 2011, which has since seen the property price increase and has allowed me time to accumulate savings. I am in now in a position where I could convert to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Atom Bank that I have been letting without consent to let? I appreciate that I shouldn’t have done this, but circumstances wouldn’t allow me to do anything else. Any help will be greatly appreciated?
  • Can you help me understand the requirements that Atom Bank set for consent to let? Are you able to help?
  • We have already let but only just dawned on us that Atom Bank ought to have been advised and consent to let applied for - can this be obtained retrospectively?
  • Do you know if Atom Bank would have archive records as to whether consent to let was granted for a specific property?
  • I would like to rent out my home for three years at most. I would like to know if I could have a consent to let from my existing mortgage lender Atom Bank?