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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.

Top Five Questions relating to Co operative Bank consent to lease

  • Can Co operative Bank choose to operate a right to put a loading on my interest rate on a non-commercial mortgage where the lender has granted Consent to Let at any time, onto ‘rates in line with their Buy to Let loans'?

  • If I decided to rent out my garden flat with consent to let from Co operative Bank, what evidence would be required of tenancy? If after 1 year I decided to let it on a number of holiday term lets, am I still required to provide proof to Co operative Bank, or will they be happy as long as i keep up with the payments? By way of example if I let the rooms individually at a later stage, is there any reason for Co operative Bank to be informed and would they care?
  • I have recently rented out my one bedroom first floor purpose built maisonette and have gained a Consent to Let with my MP. 6 months have now gone by and they have loaded my repayment percentage as previously advised. I am unable to transfer to a more favourable product with them, as they will withdraw my consent to let. If I was to go with an alternative provider for instance Co operative Bank, would I need to obtain a B2L mortgage or could I just refinance and get consent to let?
  • My husband have a fixed rate mortgage with Co operative Bank for 2 years and have been living in the flat for just over six months. Due to work I need to leave so I would like to lease the property out. What is the best way to go about getting consent to let from Co operative Bank?
  • Co operative Bank homeowner mortgage. Will they issue consent to let a property for 18 months? I reoccupy as an owner.
  • My Co operative Bank mortgage fixed rate ends in September and have to relocate for work then. What are the chances that I will be able to both refinance and get consent to let?
  • Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some people to exploit?
  • Me and my husband may need to lease our home temporarily due to a new job. This will be for a limited period but no more than threeyears. Should I tell Co operative Bank or it is wise to keep my head down?