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Need professional advice for your consent to let with Bank of Scotland ? 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 Scotland consent to lease

  • Me and my wife have a flat in Havering which we acquired off-plan about twelve years ago. As the family is growing we need more space. We've identified a house in Lambeth that we're going to buy and want to keep the flat as an investment to rent out. The mortgage is with Bank of Scotland and we've found a tenant who will pay rent which more than covers the monthly mortgage amount. My question is, can we keep the repayment mortgage with Bank of Scotland so we effectively paying off our loan on the flat or do we have to swap to a buy-to-let product?
  • I'm one year into a two year fixed mortgage with Bank of Scotland . The LTV is just 50%. I've found a really good deal on a one bedroom apartment in Islington which I don't want to miss. It seems the only way I can get this other property is to release most of the remaining equity. I would let the current home which would adequately cover the mortgage with Bank of Scotland . Is it possible to obtain consent to let from Bank of Scotland and and then seek an equity release after it's let out?
  • Our fixed rate mortgage with Bank of Scotland comes to an end on 8th August. I am about to relocate to Brighton for my Job in next month. I wish to lease out the house temporarily. Can I get a consent to let the property?
  • I have been leasing my flat to a tenant for two years but not on a BTL mortgage as I naively considered that you only required a BTL if you had more than one mortgage. In trying to purchase a further property, I found that I should have obtained consent to let at the outset from my mortgage provider Bank of Scotland . I'm wondering whether I can now seek consent to let from Bank of Scotland ?
  • We have already let but only just dawned on us that Bank of Scotland ought to have been informed and consent to let sought - can this be obtained retrospectively?
  • I would like to rent a room in my flat in Barnet. Do I require consent to let from my mortgage co Bank of Scotland ?
  • Do you know if I can keep my existing homeowner mortgage with Bank of Scotland if I start renting out? If the consent to let is granted will they load the interest rate?
  • I am interested in consent to let for my property mortgaged with Bank of Scotland . How do I move forward? Do I have to contact Bank of Scotland and get them to agree?