Need Help?

Need professional advice for your consent to let with Lloyds TSB Scotland 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 Lloyds TSB Scotland consent to let

  • Lewisham property valued at £150k. Outstanding home loan of £18k with 8 years left. Apply for consent to let from Lloyds TSB Scotland for current residence and use rent to pay off what is left of the loan. Take out 75 per cent Lloyds TSB Scotland loan on second property that I will consider to be my main address? Any reason not to do this?
  • Can you explain "consent to let" to me? I live in a studio apartment and its in good condition. It is on the market and I am struggling to sell. This is because my neighbour is a drunk and assaulted me last year. I had no choice but to mention this on the disclosure form. I am with Lloyds TSB Scotland on a standard variable rate. It has been suggested to me that I should obtain consent to let from Lloyds TSB Scotland and rent the property for a couple of years.
  • I was just seeking guidance on whether I will be allowed to change a standard mortgage with Lloyds TSB Scotland to a consent to let. It will be less than 70% ltv and it would alter from capital and interest repayment to interest only?
  • Is it correct that lenders (my home loan is with Lloyds TSB Scotland) are taking a more relaxed approach towards consent to let? A broker recently told me that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. So if I transfer from a homeowner to a BTL I am moving to a regulated product. He suggested that under the current regulation banks are wary of letting borrowers do this, which may explain why some banks will permit customers have consent to let but not swap to a Buy to let mortgage. Is this plausible?
  • I am seeking from Lloyds TSB Scotland consent to let out my house in Waltham Forest. I am going to move in with my mother as I am off work due to ill health.
  • Lloyds TSB Scotland - consent to let potential. Do you have experience of the process with this lender? Do they have a minimum period prior to changing and is it possible that I would be required to make a cash injection to reduce the LTV?
  • Is consent to let a cheaper way of becoming a landlord? Isn't this a loophole for some people to exploit?
  • I have a mortgage with Lloyds TSB Scotland taken five months ago where I moved from another mortgage provider. Can I now rent my property with consent to let from Lloyds TSB Scotland as I am planning to buy a further property.