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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.

Examples of recent questions relating to Lloyds TSB Scotland consent to let

  • I have a standard mortgage over my property in loc and intend to move to country for three years. During this time frame it would be ideal if I could let out my apartment. My lender has declined to grant me consent to let. I don’t really want a buy to let loan as it’s only for a limited time-frame that I am going away for.

  • My understanding is that this is a breach of Lloyds TSB Scotland terms and conditions of mortgage if I let out my flat having indicated that I intend to reside there. The hope is to redeem the home loan after four years, by which time the property will be mortgage free, meaning I no longer require any consent to let. Lloyds TSB Scotland 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 Lloyds TSB Scotland discovering that I am not living at the address? What are the implications of not getting consent to let? From what I have read there is a possibility of Lloyds TSB Scotland jacking up the interest rate
  • The likelihood is that I will have the opportunity to work overseas in a couple of years. I am therefore potentially scaling down to a newbuild property in Enfield which I could rent out with less difficulty as and when required. The intention is to retain 50% equity in the new apartment which would be my home for a while. My existing mortgage provider will only provide consent to let for a year. I expect to be renting it out longer term and not having consent could result in a whole heap of trouble. Buy-to-let seems inappropriate when I will be living there, perhaps for 2-3 years initially. What type of mortgage should I be seeking, and from whom? Would, for example, Lloyds TSB Scotland provide consent to let for a longer period?
  • We took a mortgage out on a garden flat last May however I will be working outside of commuting distance of Islington for the foreseeable future but hope to find work closer in the long term. Given I have not had property long I will lose money if I sell and do hope to return to Islington so would like to keep it. How likely are Lloyds TSB Scotland to allow a consent to let and what is the procedure ?
  • I am considering moving overseas for work and would like consent to let from Lloyds TSB Scotland 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 TSB Scotland? Letting the property isn't to make money but to keep the house in case things don't work out
  • My partner and I have already let but only just dawned on us that Lloyds TSB Scotland ought to have been told and consent to let applied for - can this be obtained retrospectively?
  • I would like to buy a new home but can't afford to sell my current property with a Lloyds TSB Scotland mortgage. Do you know the criteria for Lloyds TSB Scotland to give consent to let? Is getting married and having kids a sufficient reason to to ask for consent to let?
  • Our Lloyds TSB Scotland mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then apply for a consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.