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Need professional advice for your consent to let with Bank of Scotland? 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: Bank of Scotland consent to let

  • I am a FTB looking to purchase a 2 bedroom house in Bank of Scotland. I have a healthy deposit and expect a mortgage from Bank of Scotland. My concern is that my partner has a apartment in Maida Vale and I hope to be moving in next month, at which point I would want to let out my house. I understand that consent to let is required but it does not sound like there is any certainty. Is there any advice you can impart?

  • My fixed deal expires May 2016 and I wish to fix for another three years with Bank of Scotland, hopefully rates will remain low. In in next couple of years I may wish to move temporarily to a different city. How simple is it to get consent to let from Bank of Scotland in these circumstances? Assuming that monthly rent payments would be about £300 higher than the Bank of Scotland mortgage payments.
  • My current mortgage provider is Bank of Scotland. Where do I download the consent to let application forms from, as we have started letting the property?
  • We are planning to make use of equity in my current house to acquire an additional property which I intend to live in whilst I refurbish. My preference is to let out my existing property with the Bank of Scotland homeloan. How likely is it that I will obtain consent to let? House is valued at £300 k with a £150k mortgage in place.
  • I am considering moving abroad for work and would like consent to let from Bank of Scotland whilst I am away. Is the way forward to prepare a letter requesting consent to let and send it off in the post to Bank of Scotland? The point of renting the property isn't to make money but to keep the property in case things don't work out
  • I want to take in lodgers for my one bedroom apartment in Hillingdon which I live in. My mortgage is with Bank of Scotland. Will they grant consent to let?
  • What, if any, income criteria do Bank of Scotland set for consent to let on an existing standard mortgage?
  • We need to contact Bank of Scotland to enquire about leasing out my home. Do they post an application to me. Can I not download this from the site?