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

Sample questions relating to Co operative Bank consent to let

  • I am about to join the property ladder interested in a 2 bedroom house in Co operative Bank. I have a significant deposit with a mortgage from Co operative Bank. My predicament is that my partner has a flat in Dover and I hope to be moving in next year, when I would have to let out my property. I have heard of consent to let but it does not sound like there is any certainty. Can you offer any advice?

  • I have a Co operative Bank mortgage on an apartment I own, in Newham. This year, due to a change in personal circumstances I decided to let out the apartment, and rent a house in a different area within same loc. The state of affairs that altered is that my partner moved in, and the flat is not large enough for us. I do not want to try to sell the flat because the current market value is significantly lower than the market value when I bought the property ten years ago. I wrote to Co operative Bank for a consent to let which was turned down as they considered that my intention was to invest in the flat. The whole process was very stressful and frustrating. There is a sense of urgencyas I have a prospective tenant waiting for this consent to let and could withdraw.Yours sincerely
  • A few months ago I rented out my ground floor flat having obtained Consent to Let with my mortgage company. Six months have now gone by and they have loaded my interest rate as forewarned. I am unable to switch to a preferable product with them, as they will revoke my consent to let. Were I to go with another mortgage company for example Co operative Bank, would I be required to apply for a BTL mortgage or could I simply refinance and gain consent to let?
  • I would like to rent out my current house and want to buy a bigger house for the family. I have a fixed rate mortgage with Co operative Bank. On the basis I get the consent to let as I understand banks are more than likely to push me towards getting BTL mortgage when the fixed term comes to an end. Could I remortgage after two years with another lender? What connotations does that have aside from the higher rates - would I need a higher equity portion in the property too ie lower loan to value?
  • How much is it to get a consent to let from Co operative Bank on my residential property. I've moved in with my wife and have a colleague renting from me.
  • I am trying to investigate if it is possible to get a consent to let mortgage with Co operative Bank rather than a buy to let mortgage
  • Do you know whether there a time limit on a consent to let from Co operative Bank? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?
  • About to remortgage my house but will likely be moving out in the next year and would be looking to lease it out. Do Co operative Bank give a consent to let letter?