Need Help?

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 Lease Example Support Desk Enquires

  • I have a residential mortgage nearing refinancing with Reliance Bank. I have had the property rented out for a few years and I think I need to notifyReliance Bank. I understand that I can ask for a consent to lease, but bearing in mind that the property has previously been rented out could they refuse - force me to go onto a BTL product or even fine me? I have over 25% equity in the house - and the rent will more than cover the mortgage.
  • Reliance Bank have just granted me consent to let. After some effort, Reliance Bank have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. Can you explain what this is?

  • I have my one bedroom ground floor purpose built maisonette in Westminster on the market but despite a couple of viewings there is a lack of interest so far. As a backup option I am considering leasing out the property if cant find a buyer. I dont think I will have a problem getting consent to let from the freeholder. My IFA says that in such a scenario I may be obliged to switch to a buy to let mortgage yet I probably don't have enough equity needed. What's my exposure if I if hypothetically I was to retain the existing Reliance Bank home loan and let the property out without telling them As long as the mortgage is being paid in full and on time, why would they care or check?
  • I have a current mortgage contract with Reliance Bank and need clarify if it would be possible to obtain consent to let out our one bed flat in Havering.

    The purpose for wanting to lease out the property are are due to: -

    • My family and I will be relocating to Melbourne in January.
    • In letting out the property this will facilitate savings to help the migration process.
    • It would be pointless from a financial perspective to pay outright for a property which we are not living and by renting out the place this would be considered as an ongoing investment.

    If Reliance Bank granted permission to us for renting we would propose some financial assurances which are as follows: -

    • Maintain paying 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.
    • Provide our forwarding address for when we emigrate.
  • I am looking for some generic information on consent to let with Reliance Bank: I am moving abroad. This might be for a number of years. However I will be on a six month test period .I'm wanting to know the criteria for consent to let from Reliance Bank and any costs involved
  • My son has a mortgage with Reliance Bank and he wants to let his flat out as he is moving in with his girlfriend.Will she be given consent to let? What is the process and what needs to be done next?
  • My brother and I have a mortgage with Reliance Bank on our one bedroom apartment in Hillingdon. We are hoping to buy a new house and move in there. How do I move our existing mortgage on to consent to let?
  • We are interested to find out more about consent to let from Reliance Bank. Would an acceptable reason be parking problems and the property is too to small for me?