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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.

Examples of recent questions relating to Scottish Widows consent to let

  • A few months ago I rented out my maisonette having been given Consent to Let with my bank. 6 months have now gone by and they have loaded my payments as forewarned. I am unable to swap to a more favourable product with them, as they will revoke my consent to let. If I was to go with an alternative mortgage company for example Scottish Widows, would I be required to apply for a BTL loan or could I simply refinance and get consent to let?
  • We recently sorted our rates for another fixed five years with Scottish Widows. However, I attended an interview and basically I accepted the job offer in Waltham Forest. I'm going to rent a one bed flat for me and my family in Hackney as we don't want to sell the house whist there is a possibility that we come back within a couple of years.... We really have no idea whether it will work out. We have contacted Scottish Widows but we would like also your take on the situation. How is it to have a consent to let in that case as we just got a fixed 5 years rate we would not want to lose this rate.
  • I have just been presented with an excellent job opportunity for eight months in Denmark. I do have sufficient money to pay the monthly Scottish Widows mortgage yet the buildings insurance stipulates continuous residency in order not to be invalidated. Last winter the roof was damaged but repaired. If there happened to be any problems during the winter months I would find it hard to cover the repair costs. Will I qualify for consent to let via Scottish Widows for the time I am abroad?
  • I understand that this is a contravention of Scottish Widows mortgage policy if I let out my flat having informed that I intend to reside there. The intention is to have the mortgage fully paid off after five years, by which time the property will be unencumbered, meaning I no longer require any consent to let. Scottish Widows advised me I can overpay as little as I like during the lifetime of the mortgage. I know someone who wants to rent the property. What are the chances of Scottish Widows finding out? What are the consequences of not getting consent to let? From what I have read there is a possibility of Scottish Widows changing my loan onto a BTL mortgage
  • My wife and I have a Scottish Widows home loan currently and may want to let it out temporarily with consent from Scottish Widows for (eighteen months). How easy is it to obtain consent to let?
  • I am considering moving abroad for work and would like consent to let from Scottish Widows whilst I am away. Is the way forward to complete the consent to let form and mail it to Scottish Widows? Letting the property isn't to make money but to keep the property in case things don't work out
  • I was just looking into consent to let as it's something potentially I would need from Scottish Widows within the next year. Our family circumstances has changed, and I wish to rent my home out
  • I am interested in consent to let for my house mortgaged with Scottish Widows. How do I proceed? Do I have to apply to Scottish Widows and get them to agree?