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

  • What do I do if my request for consent to lease is rejected by Bank of Scotland Private?

  • Two years ago I was granted consent to let from my current lender which is about to expire. Since I took this out to travel and start a family. I'm not earning enough just now to cover the mortgage on my own. My lender has advised me that I can't extend my consent to let and if I continue renting out I will be in breach of the terms of my mortgage conditions. As a result of my low income I it is likely that I will be refused to transfer to a BTL product. One option I am considering remortgaging to Bank of Scotland Private. Are they likely to grant consent to let from day one?
  • I have had a home loan with Bank of Scotland Private for 1998. My divorce went through three years ago put the property in my name by transfer of equity. My situation has changed, I want to keep my house but live with my new partner, letting my house out. I have been informed by my financial advisor that I can seek consent to let from Bank of Scotland Private rather than a buy to let mortgage as I I did not buy the property with the intention of letting it out, is this correct?
  • Is it possible that mortgage companies (I have a mortgage with Bank of Scotland Private) may start taking a more relaxed approach towards consent to let? A broker recently mentioned to me that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I switch from a homeowner to a Buy to let I am moving to a regulated product. His belief was that under the current regulation lenders are wary of letting customers do this, which may explain why some banks will permit borrowers obtain consent to let but not switch to a BTL mortgage. Is this plausible?
  • We are looking to place my residential property on rent due to job commitments and was curious if this is possible to get consent to let. It is on a fixed rate mortgage with Bank of Scotland Private at the moment until 2018 October
  • I have a mortgage with Bank of Scotland Private but am told they have a stipulation that they will not grant consent to let the property to a local authority. Is this right and if so, is there a way to bypass this?
  • Do Bank of Scotland Private respond positively to requests for consent to let? I am just considering this as an option if I move house in the the near future
  • Soon to remortgage my home but will likely be moving out in the near future and would be looking to let it out. How quickly can you get consent to let from Bank of Scotland Private?