Consent-to-let Help for Co operative Bank plc

Sample questions relating to Co operative Bank consent to let

• My friend has been renting her house off the same landlady for nearly 18 months. For the past year my friend has been getting letters from Co operative Bank (she hasn't opened them-it is clear from the envelope). To begin with she reposted them to the landlady's address. My suspicions were aroused as none of her landlord’s mail was meant to be going there. I therefore went to my friends house and phoned Co operative Bank on her behalf. The lady I spoke to at Co operative Bank had a long list of questions, the landlady's name her current address, information relating to the tenant and then said they would look into whether she had the correct mortgage and if she didn't it was an offence without consent to let. What does this mean for my friend?
• me and my wife have just sorted our rates for another fixed five years with Co operative Bank. Subsequently, I went to an interview and basically I accepted the job offer in Sutton. I'm going to rent a one bed flat for me and my family in Merton as we don't want to sell the house whist there is a chance that we come back before two years.... We really have no idea whether it will go. We called Co operative Bank but we would like also your take on the situation. How is it to have a consent to let in that case as we secured a fixed 5 years rate we really don't want to change.
• My understanding is that this is a contravention of Co operative Bank mortgage policy if I let out my house having indicated that I intend to live there. The plan is to repay the home loan after five years, by which time I will become the outright owner, meaning I no longer require any consent to let. Co operative Bank advised me I can overpay as much as I like during the lifetime of the mortgage. I know someone who is interested in renting the property. What is the likelihood of Co operative Bank finding out? What are the connotations of not seeking consent to let? From what I have read there is a possibility of Co operative Bank requesting the property to be sold (however it seems generally accepted is that this is unlikely to occur and adding fees even backdating is more common)
• We plan to lease our existing property out shortly after we move. This is to be done with consent to let from Co operative Bank. The apartment is currently in my name but I am a higher rate tax payer. Do I need to do a equity transfer to her or can I enter into a Declaration of Trust?
• Wewant to let our home and buy other. Can Co operative Bank refuse to grant me consent to let?
• When it comes to consent to let from Co operative Bank am I supposed to inform them each time we get a new tenant and forward them a copy of the tenancy?
• I currently have a mortgage with Co operative Bank, but I am going to move out for around a year as we need to be closer to my wife’s mother. Will Co operative Bank grant consent to let?
• I am looking at new mortgages and also thinking of renting the property in the future - Is there a fee with Co operative Bank to get consent to let and what are the requirements?