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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.

Recently asked questions relating to Banks and Clients consent to lease

  • Banks and Clients have just granted me consent to let. After some effort, Banks and Clients have issued me with ‘consent to let’ confirmation . Mention is made of an assured shorthold tenancy. What is that?

  • I have recently let out my maisonette and have gained a Consent to Let with my building society. 6 months have now gone by and they have upped my repayment percentage as previously advised. I am unwilling to switch to a more favourable product with them, as they will revoke my consent to let. If I was to go with another mortgage company for instance Banks and Clients, would I be required to obtain a Buy To Let mortgage or could I simply refinance and secure consent to let?
  • I have been foolish in not informing Banks and Clients that I’m leasing my one bedroom apartment out. The latest tenants have left the place in a mess and I need to claim on malicious damage. I’m concerned that my insurer will contact Banks and Clients, and secondly if they do inform them, what are they likely to do given the lack of consent to let?
  • We are currently in Dubai and renting out our property in Waltham Forest. This is not something we planned but an opportunity came up and we took it. The rental income is insufficient to cover the mortgage so we send back funds each month to cover the difference. Last week I got a letter in the mail from our lender telling me that because the property is being let out and has been for almost two years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell the property but this will be difficult as I am on the other side of the world. Would it be possible to remortgage with Banks and Clients and get consent to let?
  • I was just looking into consent to let as it's something potentially I would need from Banks and Clients within the next year. Our personal situation has changed, and I would like to rent my home out
  • I took a residential mortgage with Banks and Clients, and I would like to rent the property out, until I decide whether to sell or keep it as an investment. As things stand I am on the fixed rate. Will I need to remortgage? I.E. BTL?
  • I am interested in consent to let for my property mortgaged with Banks and Clients. How do I move forward? Do I have to contact Banks and Clients and get them to agree?
  • I am enquiring as to whether there are any costs in getting consent to let on a leasehold property when I have a mortgage with Banks and Clients