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

Questions and Answers: Tandem Bank consent to let

  • I need to explore if I can obtain consent to let on my existing apartment. I have a mortgage with Tandem Bank but my circumstances have changed. I'm about to move in with my partner and daughter who have a house and more room than my studio flat. I am sure that I will not qualify for a buy to let mortgage as I don't have money for a deposit nor do I earn more than £25000 a year.
  • I'm looking to apply to Tandem Bank for consent to let on our existing residential property in Hackney. I am planning to draw down equity from my existing property before doing so, and making use of that money to purchase a second residential property. I will move into that house whilst renovating it for 6 months after which the intention is to sell it then move back to my current house. Is this something Tandem Bank will consider consent to let for or does this fall outside the standard criteria?
  • It seems as though I will have the chance to go and work abroad in a couple of years. I am therefore thinking of scaling down to a newbuild flat in Merton which I could rent out with less difficulty as and when required. I would aim to keep half the equity in the new flat which would be my home for a while. My current mortgage provider will only give consent to let for a year. I suspect renting it out longer term and not informing them could result in a whole host of trouble. B2L seems inappropriate given that I will be living there, perhaps for 2-3 years initially. What type of mortgage should I be seeking, and from whom? Would, for example, Tandem Bank issue consent to let for a longer period?
  • I am in the armed forces and intending to purchase a property with a Tandem Bank mortgage. I would like to obtain consent to let this house to my sister. In the future I plan to reside in the property with my family when I leave the armed forces. Is this achievable?
  • How much of my mortgage allowance will be made available to borrow if I switch my mortgage to a consent to let with Tandem Bank?
  • I would like to rent the attic in my house in Waltham Forest. Do I need consent to let from my mortgage co Tandem Bank?
  • What information should I include in a letter seeking consent to let my property in Havering? I would like to send a request to my mortgage provider Tandem Bank.
  • My husband and I are thinking about applying to Tandem Bank to obtain consent to let our house, how long does it take from the point of submitting the application to us finding a letting agent and listing our house for rent? and are there any additional steps in the process?