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Need professional advice for your consent to let with Reliance Bank Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Reliance Bank consent to let: Q and A’s

  • Doing everything by the book I’ve been leasing out my house with "consent to let" from Reliance Bank on a standard mortgage for the last 24 months. Reliance Bank have advised of their intention of withdrawing their consent to let if we do not move across to one of their "buy to let" mortgages.

  • My plan is to move home. My question is whether consent to let will be given on my house for me to then get a mortgage for the new house so I can effectively bid chain free and subsequently let my property out should I move. Does Reliance Bank grant consent to let for a year? Assuming the letting goes well is it possible for the consent to let time limit be prolonged further?
  • I have just been presented with a once in a lifetime job opportunity for eight months in New York. I do have sufficient savings to meet the monthly Reliance Bank mortgage yet the block insurance stipulates continuous residency in order to be valid. Last December the roof was damaged but repaired. If there happened to be any problems through the winter months I would find it hard to cover the remedial works. Would I be eligible for consent to let by Reliance Bank for the period I am abroad?
  • I am may soon need to apply for consent to let from my current mortgage provider Reliance Bank. A friend of mine said that he was granted ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an assured shorthold tenancy. Can you explain what this is?
  • Me and my brother took a mortgage with Reliance Bank but am informed they have a policy that they do not give consent to let the property to a local authority. Is this true and if so, is there a way round this?
  • Do you know whether Reliance Bank will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Reliance Bank let me raise capital based on the rental revenue ?
  • I am looking at taking a job in France and have been advised that I need to let Reliance Bank know so my mortgage is under consent to let? Please could you clarify the best way deal with this?
  • We are mulling over a remortgage offer with Reliance Bank and it's a strong possibility that I will end up asking for consent to let during the fixed period. Are there any fees I should consider?