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

Top Five Questions relating to Cynergy Bank consent to lease

  • Doing everything by the book I’ve been leasing out my house with "consent to let" from Cynergy Bank on a homeowner mortgage for the previous 24 months. Cynergy Bank have advised of their intention of revoking consent to let if we do not transfer to one of their "buy to let" loans.

  • I need to move my children's school by early-January and move to a new area. I don't have time to sell my house.The short term option is to let my house out. Currently I have buildings and contents insurance. Do I need different insurance? What should request from Cynergy Bank regards to consent to let?
  • If I decided to let out my studio flat with consent to let by Cynergy Bank, what proof would be required of the letting? If after twelve months I decided to let it on a series of holiday term rental, am I still required to provide evidence to Cynergy Bank, or will they be content as long as they receive payment each month? By way of example if I sublet the room individually at a later stage, is there any reason for Cynergy Bank to be informed and would they take issue?
  • In the coming months I wish to move house and I am curious as to whether I can get consent to let on my property then get a mortgage approval for the new house so I can effectively bid without being part of a chain and then rent my property out once I move. Is it likely that Cynergy Bank grant consent to let for six months if they know I am wanting to purchase somewhere else or only where one is relocating temporarily for my job?
  • How much is it to get a consent to let from Cynergy Bank on my residential property. Last week I moved in with my wife and have a friend renting from me.
  • I have had my mortgage with Cynergy Bank for the previous eighteen months and I am interested in finding out some more information about the possibility of getting 'consent to let’.
  • I recently bought a property with 10% deposit for personal uses. A homeloan was taken with Cynergy Bank. But my circumstances have now changed. I am being transferred out of the location. Am I able to get consent to let from Cynergy Bank and put the house up for rent?
  • Do you know whether there a time limit on a consent to let from Cynergy Bank? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?