Need Help?

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

Frequently asked questions relating to Bank of Ireland consent to lease

  • My fixed rate mortgage with Bank of Ireland runs out mid 2017 and I wish to fix for a further 4 years with Bank of Ireland, hopefully rates will still be low. In in next couple of years I might wish to move for a couple of years to a different city. How simple is it to get consent to let by Bank of Ireland under this situation? I would be returning after two years to reside in my property.
  • My house had been tenanted for three years from 2009-2012 while employed Amsterdam. I have a letter dated January 2010 from the mortgage company granting consent to let. In the letter it explicitly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was sent. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not satisfy the new lender Bank of Ireland for the house I wish to purchase.Your view would be appreciated
  • My mortgage is with Bank of Ireland and wonder if I am required to disclose if we no longer reside in the property. I fear that they could increase the interest rate if we move and find a tenant but it's not very apparent what the increase would be. Should I decide to let my house out and seek consent to let how would the payments change?
  • We are looking to let out our garden flat in Wandsworth in June. I would like some suggestions on what I need to do. I've just moved our Bank of Ireland mortgage to a fixed term and just need to understand what the procedure is if I plan to get consent to let.
  • A work promotions now necessitates that Ibe in different countries every month and as such I wish to get to grips with the procedure for seeking consent to let with Bank of Ireland
  • Am I required to negotiate consent to let if I rent to a family member (in my case my father now lives there and contributes towards the Bank of Ireland mortgage)?
  • Last month I bought a property with 10% deposit for personal reasons. A mortgage was taken with Bank of Ireland. But my circumstances have now changed. I am being transferred out of the location. Am I able to get consent to let from Bank of Ireland and put the property up to let?
  • I'm mulling over a remortgage offer with Bank of Ireland and it's likely I will require consent to let at some point in the fixed period. Are there any penalties I should be aware of?