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.

Sample questions relating to Reliance Bank consent to let

  • Can a new mortgage be taken on a consent to lease with Reliance Bank?

  • I work for a letting agency in Lambeth. If a landlord chooses to rent out their property without consent to let from Reliance Bank - what liability do I have, if any? Technically the landlord isn't breaking the law, however, they would be breaking their agreement with the Reliance Bank, as Reliance Bank invariably require to be informed of any change in circumstances. If I look the other way could I be accruing problems for my agency?
  • I took out a domestic mortgage with Reliance Bank last November and then had to relocate for work, I am now considering renting my property out for a year whilst I am abroad. What are my chances of obtaining consent to let from Reliance Bank, and what effect would this have?
  • At the moment I am looking to purchase my first property however, working as a contractor. I want to chose a mortgage company that allows short term letting with a homeowner mortgage so that I could rent out the property temporarily with long periods of absence without being compelled to a buy to let product. Can you let me know how lenders would perceive this and in particular the approach taken by Reliance Bank.
  • My partner and I are planning to ask Reliance Bank for consent to let out our home in Havering. We are moving overseas for 2 years and need to let it out. I failed to check this out when we took the Reliance Bank mortgage, and that was due to the fact that we never anticipated an opportunity like this would come up so was planning on being in the property.
  • Is it the case that a previous extension to a mortgage term with Reliance Bank be held against us once we sought consent to let from Reliance Bank.
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Reliance Bank. My property is worth approx £200k and owe £48k on it. How likely is it that Reliance Bank increase my mortgage rate?
  • I have a domestic mortgage with Reliance Bank. I bought the property in November last year. What are the options and criteria for consent to let.