Consent-to-let Help for Lloyds Bank Private Banking

Lloyds Bank Private Banking Consent to Lease Example Support Desk Enquires

• I am a FTB interested in a small house in Lloyds Bank Private Banking. I have a good size deposit and expect a mortgage from Lloyds Bank Private Banking. My predicament is that my partner owns a flat in Slough and I can foresee myself moving in next year, when I would have to let out my property. I understand that consent to let is required but it does not sound like a guaranteed option. Can you offer any advice?

• At the moment I have a mortgage with Lloyds Bank Private Banking and I am planning purchasing a property with my fiance. It's her council property on a right to buy scheme. Would it be possible to change my Lloyds Bank Private Banking mortgage to lease out my existing property in Sutton even though the property is currently in negative equity.
• Earlier this year I let out my studio flat having obtained Consent to Let with my bank. Half a year has now gone by and they have upped my interest rate as previously advised. I cannot change to a more favourable product with them, as they will remove my consent to let. Were I to go with an alternative provider for instance Lloyds Bank Private Banking, would I need to get a Buy To Let mortgage or could I simply remortgage and seek consent to let?
• I have a current mortgage contract with Lloyds Bank Private Banking and need clarify if it would be possible to obtain consent to let out our three bed flat in Greenwich.

  The rationale for wanting to find tenants for the property are as follows: -

  • Me and my wife will be migrating to Hong Kong early next year.
  • By letting out the house this will facilitate savings to assist with the migration process.
  • There is little merit from a fiscal perspective to pay off the mortgage for a property which we are not residing in and by renting out the home this would be viewed as continuing investment.

  If Lloyds Bank Private Banking granted permission to us for renting we would propose some financial commitments to include: -

  • Continue to pay the monthly mortgage payment directly from my bank account.
  • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Supply our forwarding details for when we move.
• I am looking at moving abroad for work and would like consent to let from Lloyds Bank Private Banking whilst I am away. Is the way forward to prepare a letter requesting consent to let and send it off in the post to Lloyds Bank Private Banking? The point of renting the property isn't to make money but to retain the property in case things don't turn out as well as we hope
• I am considering relocating with work and would need to rent my property out. I have a mortgage with Lloyds Bank Private Banking. My property is worth approx £250k and owe £48k on it. Will Lloyds Bank Private Banking increase my interest rate?
• I might be looking to lease out my property and wondered what I would need to do to negotiate consent to let by Lloyds Bank Private Banking. I may be moving abroad for nine months.
• Does my LTV need to be at a certain level to allow me to apply for a consent to let from my mortgage provider Lloyds Bank Private Banking. Will it make a difference that I only drew down on the mortgage three months ago?