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Need professional advice for your consent to let with Banks and Clients plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Banks and Clients consent to let: Q and A’s

  • Because of my career, I am in a position where I anticipate that Banks and Clients will issue me with Consent to Let from day one of purchasing a property. I currently intend to purchase a property in Hounslow and rent it out, I will remain in the house that is provided (rent payable) by my employer. As I will be renting out the property I will clearly have to prepare a Self Assessment Tax Return, but I just want to check that although it is the only house I own (and it is not on a BTL mortgage), can I utilize Tax relief on the interest on the loan and the associated costs of letting out the property. I have only been able to track down advice for those with a buy-to-let mortgage, but mine will technically be residential.
  • My fixed rate mortgage with Banks and Clients expires mid 2017 and I'm planning on fixing for another three years with Banks and Clients, with any luck rates will still be low. In two years time I may wish to move temporarily to a different city. How problematic is it to get consent to let by Banks and Clients in this situation? I would be coming back at the end of the two years to live in my property.
  • We are currently in Melbourne and letting out our property in the UK. This was unplanned but an opportunity presented itself and we took it. The rental income is not enough to cover the mortgage so we transfer funds each month to cover the difference. Anyway this morning I got a letter in the mail from our lender telling me that as the property is being let out and has been for nearly two years we will have to pay 1.5% interest on top of our current mortgage rate. We could sell the flat but this will be difficult as I am so far away. Could we remortgage with Banks and Clients and get consent to let?
  • Just wondering whether Banks and Clients conduct any checks when obtaining a resi mortgage, I'm preferably looking to lease the property out and am in two minds as to whether I should apply for consent to let. How would they find out if I let the property out?
  • I’ve already been told to write a letter to Banks and Clients to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • My OH is in the process of buying a new property in Lewisham and is getting a good deal as it requires renovating. We want to rent our current property for two years and then return. Is there anything in the Ts and Cs of my Banks and Clients mortgage permitting me to lease it out or do I need specific consent to let?
  • I'm possibly going to Aus for twelve months with work. Planning on taking the husband with me and hoping to rent our Wandsworth property in the meantime on a temp basis to make matters more cost effective. I was just enquiring where I can I get a consent to application form from
  • I want to get consent to let from Banks and Clients for two years at which point I can move onto a BTL. Is this feasible