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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.

Cynergy Bank consent to let: Q and A’s

  • Please can you give me some more detail on what the procedure is for applying for content to let, what do I need to do. I am thinking about taking a Cynergy Bank mortgage on a £200,000 property in six months time. The aim would be to hold the house as a second home but I would like to know what options are available to me to let the property in the future. If our situation was to change the house would either be sold or rented.
  • I'm currently looking for a mortgage as FTB and considering Cynergy Bank with my mortgage adviser. Suppose I choose a three year fixed rate I live at the property and after one year, I come to get an opportunity of work relocation necessitating moving abroad. In the case Cynergy Bank grants me consent to let,does the interest rate increase?
  • I have been reckless in not informing Cynergy Bank that I’m leasing my property out. I would like rectify the situation and seek consent to let. If Cynergy Bank says yes, is there any way of them discovering historically that the property was let without consent?
  • I have found myself in the accidental landlord situation and without consent to let from Cynergy Bank. I had to leave my apartment for work purposes, so now live in another part of the country. At first I tried to sell the flat, but prices were low, resulting in negative equity. This was four years ago in 2012, 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 can now convert to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Cynergy Bank that I have been letting without consent to let? I appreciate that I shouldn’t have done this, but circumstances left me with limited options. Any help will be greatly appreciated?
  • I previously took a mortgage with Cynergy Bank, but I have to get consent to let for about 12 months as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to just chill out a little for twelve months (by living near her parents and having support) in a greener less intense area of Liverpool.
  • I would like to know whether Cynergy Bank would have archive records as to whether consent to let was granted for a specific property?
  • I am looking for consent to let for my house as I am moving out for nine months currently fixed Cynergy Bank mortgage with three years which is due in June next year.
  • I recently completed on a flat with a Cynergy Bank mortgage. However I am presently living with parents. I don't want to move in until September 2017 due to personal issues. In meantime can I let out the property with consent to let?