Need Help?

Need professional advice for your consent to let with Scottish Widows Bank plc? 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 Scottish Widows consent to let

  • My lender has placed me in an impossible situation with a Consent to Let mortgage. Reacting to my requisition for consent to let the lender has requested evidence of a signed Assured Shorthold Tenancy before they will grant permission. Is is not the case that if I adhered to their request that I would be breaching the lender’s terms and conditions?

  • My fixed rate expires late 2016 and I'm planning on fixing for a further 4 years with Scottish Widows, with any luck rates will remain low. In in next couple of years I may wish to move temporarily to a different city. How simple is it to get consent to let by Scottish Widows in this situation? I would be returning after two years to live in my property.
  • We are in need of a larger house so our children don't have to bunk together. We are planning to purchase another house next year. Our house was valued at £240,000 and we have about £65k left to pay on the Scottish Widows mortgage. We would prefer to keep this house as an investment property and lease it out with consent to let. Can you have a mortgage on two properties at the same time or do we first need to redeem our existing mortgage?
  • My husband and I took a home loan out on a three bedroom second floor purpose built flat in May however I will be working outside of commuting distance of Ealing 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 plan to return to Ealing so would like to keep it. How likely are Scottish Widows to allow a consent to let and what is the procedure ?
  • Just curious as to whether it is possible if you own one property with consent to let from Scottish Widows, to purchase another with a residential mortgage to live in. Then once the consent runs out on the first property, to switch to buy to let or sell it?
  • My circumstances have changed, and I would like to let my place out - meaning consent to let- I have about £175K loan with Scottish Widows and currently 90k equity I need to side-step the early repayment fees.
  • Due to job opportunities I will be moving to Wales and would like to let out my flat temporarily, are you able to confirm what action I need to take in order to obtain consent to let from Scottish Widows?
  • I may be looking to rent out my property and wondered what I would need to do to get consent to let by Scottish Widows. There is a possibility that I might be emigrating permanently.