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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

  • I have a shared ownership property in Camden and will be looking to buy out the rest of the property. However, in the future I may be working in Kenya for a short period of time so would like to know what approach Cynergy Bank take to consent to let as I am considering a remortgage with them. I am by no means sure that they will lend on my property but in the meantime can you provide further detail on their consent to let policy?
  • My niece is going to work overseas for two years and would like to lease her apartment out. She has a Cynergy Bank fixed rate mortgage on repayment and wants consent to let the property as well as switch to interest only. What does she need to do?
  • I have a Cynergy Bank mortgage on a flat I own, in Lewisham. Last month, resulting from a change of personal circumstances I decided to rent out the flat, and rent a house in a different area within same loc. The state of affairs that changed is that my partner moved in, and the flat is too small for us. I do not wish to sell the flat because the current market value is significantly lower than the market value when I acquired the flat in 2007. I applied to Cynergy Bank for a consent to let which was refused as they considered that I wanted to invest in the flat. The whole process was very stressful and frustrating. There is a sense of urgencyas there is a prospective tenant waiting for this consent to let and may look elsewhere.Many thanks
  • I would like to let my studio flat out from the end of Nov next year as I will be going for a few months. I have a residential mortgage with Cynergy Bank. I will not be letting for more than six months. Most likely it will be five months. I have been told to seek permission from my freeholder first? Please can you advise what I should be doing in what order?
  • Hi my partner and I own and live in 2 separate properties can I obtain consent to let from Cynergy Bank and let my ground floor flat out if I move in with her?
  • I have fixed rate mortgage with Cynergy Bank. I may have to let out my flat due to necessity. If I apply for consent to let, will I have to pay significantly more interest?
  • We've spoken to someone at Cynergy Bank about switching our existing homeloan to consent to let (the existing two year fix ends in june next year). Can I just confirm that I need to formally put the request in writing setting out our change in circumstance to Cynergy Bank? Where do I need to post it to?
  • I was wondering if you can assist. I require consent to let from Cynergy Bank and would like to know if this option is available to me to switch to as I must move back home to take care of my mum