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.

Frequently asked questions relating to Reliance Bank consent to lease

  • What is the most extreme action Reliance Bank can take if I have rented my property in the event that consent to let is not forthcoming?

  • Current premises worth £275,000. Remaining home loan of £20k with six years left. Get consent to let from Reliance Bank for current flat and utilise income to pay off the last few years of mortgage. Apply for 65 % Reliance Bank mortgage on second flat that I will consider to be my primary home? Can this be done?
  • Me and my OH and I may need to lease our home out for a while due to a career opportunity. This will be for a limited period we would possibly like a consent to let our property. We currently have a Reliance Bank mortgage. What are the fees involved and time limits on consent to let agreements?
  • My partner and I (co-owners) are in the process of transferring our mortgage to Reliance Bank. I was conducting some research concerning consent to let from Reliance Bank to understand the rules around potentially renting our current apartment out (probably in a in a couple of years time) if we moved away. The apartment in question was a first-time purchase for us about two years ago. Currently we are living there.
  • Can you help me understand the requirements that Reliance Bank set for consent to let? Are you able to assist?
  • Can you help with a question...if consent to let is granted by Reliance Bank would it usually stipulate a time limit, such as 6 or 12 months?
  • Would a prior extension to a mortgage term with Reliance Bank work against us once we applied to Reliance Bank for consent to let.
  • My partner and I would like to obtain consent to let on a house where we have a mortgage with Reliance Bank. If issued, how long would consent be given for? In seeking consent to let from Reliance Bank are we running the risk of them forcing us to change deal to BTL