Consent-to-let Help for Whistletree (a trading name of TSB Bank plc)

Frequently asked questions relating to Whistletree consent to lease

• I have a current mortgage contract with Whistletree and need clarify if it would be possible to obtain consent to let out our garden flat in Greenwich.

  The rationale for wishing to find tenants for the property are are due to: -

  • My wife and I will be migrating to India next spring.
  • In letting out the property this will facilitate savings to help the migration process.
  • There is little merit from a financial perspective to pay outright for a property which we are no longer residing in and by leasing out the home this would be considered as an ongoing investment.

  If Whistletree agreed that we are able to proceed with renting we would propose some financial commitments to include: -

  • Continue to pay the monthly mortgage payment directly from my bank account.
  • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Provide our forwarding address for when we move.
• I understand that this is a contravention of Whistletree mortgage policy if I let out my flat having informed that I intend to reside there. The aim is to repay the mortgage after four years, by which time the property will be mortgage free, meaning I no longer require any consent to let. Whistletree advised me I can overpay as little as I like during the agreement. I have someone who wants to rent the property. What checks do Whistletree do and what are the chances that they are likely to do this? What are the ramifications of not getting consent to let? From what I have read there is a possibility of Whistletree levying a fine
• We have a flat in Greenwich which we purchased off-plan just over seven years ago. As childen are growing up we require more space. We've identified a house in Greenwich that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with Whistletree and we've found a tenant who will pay rent which more than covers the monthly mortgage amount. Our query is, can we hold onto the repayment mortgage with Whistletree so we effectively paying off our mortgage on the flat or must we to swap to a buy-to-let mortgage?
• My fiance phoned Whistletree on Monday regarding consent to let. We are awaiting a call back. We have put an offer in on a garden flat that has been provisionally accepted so would like to know how likely it is that we will get consent to let from Whistletree?
• Good-day, what documents or paperwork would Whistletree require for a consent to let letter?
• We are interested in discovering more about the Whistletree consent to let procedure and conditions for granting.
• Just wanted to know what needs to be provided to Whistletree in order to get consent to let? I just finished a three year fixed mortgage and thinking of moving to another property with my girlfriend.
• About to remortgage my home but I will potentially moving out in the near future and would be looking to let it out. What would I need to do to get consent to let from Whistletree?