Need Help?

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.

Common questions relating to Cynergy Bank consent to lease

  • Jennifer (my wife) and I may need to lease our Tower Hamlets home for a while due to a new job. This will be temporary but possibly for as long as 6 years. Do I inform Cynergy Bank or should I just keep quiet?

  • Is consent to lease required from Cynergy Bank or can I lease out my garden flat without telling Cynergy Bank and being forced to convert to a buy-to-let mortgage?

  • Is it right that mortgage providers (my home loan is with Cynergy Bank) may start adopting a more relaxed approach towards consent to let? A broker suggested that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. So if I move from a homeowner to a Buy to let I am moving to a regulated product. He said that under the current regulation lenders are reluctant to allow borrowers do this, which may explain why some mortgage companies will let customers have consent to let but not transfer to a BTL product. Is he right?
  • Last month I got married and my wife and I would like to buy a family home in the coming year, whilst keeping our maisonette in Camden we currently live in to rent out. Mortgage on the flat is with Cynergy Bank. I don't want to put myself in a situation with two residential properties only to be refused consent to let.
  • Is there a maximum period that Cynergy Bank is willing to grant me the Consent To Let for?
  • Do you know if Cynergy Bank would have archive records as to whether consent to let was granted for a specific property?
  • How likely is it that I can keep my existing residential mortgage with Cynergy Bank if I start renting out? If the consent to let is given will they load the interest rate?
  • I would like to rent out my home for a couple of years at most. How do I go about getting consent to let from Cynergy Bank who I have a mortgage with?