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

Bank of Cyprus UK consent to let: Q and A’s

  • Exciting times as my better half and I intend to relocate to Perthin Month, initially short-term but conceivably longer term. I'm in the process of writing to Bank of Cyprus UK to obtain consent to let out our property (we have already found tenants). The mortgage has been in place with Bank of Cyprus UK for 7 years and there have been no arrears. Bank of Cyprus UK tell me, that even if they grant consent to let, that this will be limited for a single year. What happens after one year?

  • What are the chances of Bank of Cyprus UK in issuing me with Consent To Let on a studio flat? Agents have had it on the market for three weeks. I need to sell but I'm concerned that given the lack of interest I will need to rent out the property in order to cover the mortgage to Bank of Cyprus UK (I do not now live at the address). I would prefer to come clean with Bank of Cyprus UK than keep them in the dark but I'm not sure how accomodating they would be.
  • I have just come off a call with Bank of Cyprus UK and they tell me that it has come to their attention that I have been letting out the garden flat even though it is on a domestic mortgage. I moved out two years ago for childcare reasons, was unable to sell and was left with little choice to rent out my property. Do you know what the connotations may be for me not seeking consent to let?
  • Is it the case that the letting agents we rented through have a duty of care to have ensured that the landlord attained consent to let from Bank of Cyprus UK?
  • I’m about to finish the fixed rate period of my three year fix with Bank of Cyprus UK and move on to the standard variable rate. I would like to know whether consent to let from Bank of Cyprus UK is possible, if there are charges, and if there are time limits?
  • I recently acquired a garden flat in Harrow. I am a FTB. I am moving Paris next month, can I get consent to let from my lender Bank of Cyprus UK or do I have to wait six months?
  • I currently have a residential mortgage with Bank of Cyprus UK and plan on letting due to work being based in Manchester. In seeking consent to let from Bank of Cyprus UK do I run the risk of them forcing me to change deal to buy to let
  • I hope you can help What do my wife and I need to do to get consent to let from Bank of Cyprus UK? And what are the costs involved?