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Need professional advice for your consent to let with State Bank of India UK? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Top Five Questions relating to State Bank of India UK consent to lease

  • We've been renting my wife's old house out with "consent to let" from State Bank of India UK on a residential mortgage for the previous three years. State Bank of India UK have just written withdrawing their consent to let if we do not move across to one of their "buy to let" loans.

  • My OH and I have a flat in Southwark which we purchased as a new-build just over seven years ago. As the family is growing we need more space. We've identified a house in Havering that we're going to buy and want to keep the flat as an investment to rent out. The mortgage is with State Bank of India UK and we've found a tenant who will pay rent in excess of the monthly mortgage amount. Our query is, can we keep the repayment mortgage with State Bank of India UK so we effectively paying off our loan on the property or do we have to move it to a buy-to-let mortgage?
  • I am intent on purchasing a property, letting two of the rooms out to help cover the loan with State Bank of India UK, and then moving on in a few years time - at which point the property would be entirely rented. How likely is it that State Bank of India UK would look at this unfavourably as I will have been granted a normal loan as opposed to a B2L or consent to let? I've heard that in extreme situations they can sue for mortgage fraud, is this right?
  • My husband is in the army and he has been posted overseas we would like to get something called 'Consent to let' from our lender State Bank of India UK. Can you help me?
  • I was just enquiring if State Bank of India UK were picky when considering consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • I want to take in lodgers for my one bedroom apartment in Haringey which I live in. My mortgage is with State Bank of India UK. Will they grant consent to let?
  • I have a domestic mortgage with State Bank of India UK, and I would like to rent the flat out, until I decide whether to sell or keep it as an investment. At the moment I am on the standard variable rate. Will I need to move onto a new mortgage? I.E. buy to let?
  • Do you know whether State Bank of India UK will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would State Bank of India UK let me raise capital based on the rental revenue ?