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Need professional advice for your consent to let with Bank of Ireland as Bank of Ireland Mortgages? 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 Bank of Ireland Mortgages consent to lease

  • I have my maisonette in Wandsworth on the market but notwithstanding a few viewers there is a lack of interest so far. As a backup option I am considering letting out the property if cant find a buyer. I dont foresee a problem getting consent to let from the freeholder. My mortgage adviser has told me that in such a situation I may have to switch to a BTL product yet the chances are that I don't have enough equity needed. What's the worst that could happen if I if hypothetically I was to retain the current Bank of Ireland Mortgages home loan and rent out the flat without informing them. As long as the mortgage is being paid in full and on time, why would they care or check?
  • We currently have a three year fixed rate mortgage with Bank of Ireland Mortgages that we're approximately one year into. Our circumstances have now altered and we wish to let out our property for a year and move to another town. How do we minimise the risk of Bank of Ireland Mortgages rejecting consent to let.
  • I vacated my apartment about five months ago but didn't get around to get a consent to let letter, primarily because the mortgage fix rate period is ending next month and I am considering a remortgage anyway. I want to ask for the letter now, is that going to open up a Pandora’s box?
  • I have a self contained flat attached to my house that my dad is planning to move out from. As the main house is large I was considering moving into the annex and let the remainder out. This is also due to change in my personal situation. Would I need a consent to let from Bank of Ireland Mortgages?
  • My mortgage company refuse to issue consent to let without a move in date confirmed with a tenant. How can I confirm this in the absence of consent to let? I am not sure but I think my friend had a similar issue with Bank of Ireland Mortgages.
  • My wife and I want to let our house out and use the rental income to cover the rent on a house in Havering. How likely are we to be given consent to let by Bank of Ireland Mortgages without being forced into a new rate.
  • Do you know whether Bank of Ireland Mortgages will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Bank of Ireland Mortgages let me raise capital based on the rental revenue ?
  • I am already letting out my property but may have been sussed out. I have 5 months remaining on my fixed rate. How straightforward is it to get consent to let from Bank of Ireland Mortgages. Is it just a quick phone call, pay the fee and it's done there and then?