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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.

Top Five Questions relating to Bank of Scotland Private consent to lease

  • I am looking for some precautionary advice as to whether consent to let is a sensible option. I completed the purchase of my flat 8 months ago by transferring an existing Bank of Scotland Private mortgage product. My fixed rate ended four months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Bank of Scotland Private, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to move to a buy to let mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to find extra capital to satisfy the 65% LTV ratio required for a buy to let loan. It would be preferable to get a consent to let from Bank of Scotland Private for 1-2 years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • How long do I need to have a further advance from Bank of Scotland Private before I can get consent to let. Can I speak with someone to explore my options please?
  • My husband is in the army and he has been posted overseas we would like to get something called 'Consent to let' from our lender Bank of Scotland Private. Can you assist us?
  • I have been serving in the Royal Air Force for three years and planning to buy a property with a Bank of Scotland Private mortgage. I would like to obtain consent to let the property to my mother and father in law. In years to come I would reside in the property myself when I leave the Royal Air Force. Is this feasible?
  • My lender refuse to grant consent to let without a move in date confirmed with a tenant. How can I confirm this whilst lacking consent to let? I can't be certain but I think my friend had a similar issue with Bank of Scotland Private.
  • Do you know if Bank of Scotland Private would have an internal record as to whether consent to let was granted for a specific property?
  • Please can you set out the process for procuring consent to let by Bank of Scotland Private? Is there specific requirements for instance you must live in the property for a year before its given?
  • Just wanted to know what needs to be provided to Bank of Scotland Private in order to get consent to let? I just finished a three year fixed mortgage and thinking of moving to another flat with my boyfriend.