Consent-to-let Help for Tandem Bank

Examples of recent questions relating to Tandem Bank consent to let

• Soon to be packing up as my wife and I plan to return to Dubaiin Month, initially temporarily but potentially longer term. I'm in the process of writing to Tandem Bank for consent to let out the property (we have already found tenants). I have had a mortgage with Tandem Bank for 6 years and I have never had any arrears. Tandem Bank say, that even if they do agree, that this will be a temporary arrangement for one year. Do I then need to reapply?

• I have a current mortgage contract with Tandem Bank and wish to clarify if it would be possible to seek consent to let out our one bed flat in Lambeth.

  The reasons(s) for wanting to find tenants for the property are as follows: -

  • Me and my wife will be moving to Melbourne next spring.
  • By letting out the property this will enable us to make some savings to support the migration process.
  • There is little merit from a fiscal point of view to pay outright for a property which we are not living and by letting out the home this would be viewed as continuing investment.

  If Tandem Bank agreed that we are able to proceed with renting we would suggest some financial assurances to include: -

  • Continue to pay the monthly mortgage payment by standing order.
  • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Provide our forwarding address for when we move.
• I have had a Tandem Bank mortgage for just over nine months but I recently found out I am about lose my job. I would like tips on being given consent to let by Tandem Bank
• We are hoping to use equity in my current house to buy another property which I intend to live in whilst I do it up. My preference is to let out my first property with the Tandem Bank homeloan. Is it likely that I would obtain consent to let? House is valued at £450 k with a £200k home loan in place.
• Can I refinance with Tandem Bank with consent to let if my fixed rate is reaching it’s end. Circumstances would not have changed.
• I have a mortgage with Tandem Bank taken 3 months ago where I moved from another lender. Am I now able to rent my property with consent to let from Tandem Bank as I am planning to buy another property.
• I could potentially need consent to let from Tandem Bank in the future with work. I am just seeing what the options would be if this was the case. Is there a limit on the length one can let out your property with consent?
• My wife and I spoken to someone at Tandem Bank about changing our current mortgage to consent to let (the existing 2 year fix ends in spring 2016). Can I just confirm that I need to formally put the request in writing setting out our change in circumstance to Tandem Bank? Where do I need to post it to?