Need Help?

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

Frequently asked questions relating to Aldermore Bank consent to lease

  • Jennifer (my wife) and I may need to lease our Merton home temporarily due to me taking a sabbatical. This will be short-term but possibly for as long as 4 years. Must I notify Aldermore Bank or should I just keep quiet?

  • My partner and I (co-owners) are thinking of remortgaging with Aldermore Bank. I was doing some research concerning consent to let from Aldermore Bank to understand the rules around potentially renting our current apartment out (probably in a in a couple of years time) if we moved away. The property in question was a first-time purchase for us about three years ago. Currently we are living there.
  • My understanding is that this is a contravention of Aldermore Bank mortgage policy if I let out my flat having informed that I intend to live there. The plan is to repay the home loan after five years, by which time I will become the outright owner, meaning I no longer require any consent to let. Aldermore Bank advised me I can overpay as much as I like during the agreement. I know someone who wants to rent the property. What checks do Aldermore Bank do and what are the chances that they are likely to do this? What are the repercussions of not seeking consent to let? From what I have read there is a possibility of Aldermore Bank insisting that the property to be sold (however it seems generally accepted is that this doesn't happen and adding charges even backdating is more common)
  • Twelve years ago I was given permission by the local authority and my mortgage provider Aldermore Bank to convert a small barn into a granny annex, conditional on it not being sold separately from the main property. My parents died some years ago and I would now like to lease it out with consent to let from Aldermore Bank. Do you think this will be possible?
  • I am looking for consent to let for my flat as I am moving out for 6 months currently fixed Aldermore Bank mortgage with two years which is up on June next year.
  • My brother and I have a mortgage with Aldermore Bank on our garden flat in Haringey. We are planning to buy a new house and move in there. How do I move our existing mortgage on to consent to let?
  • I am looking at some alternative lifestyle. I have a Aldermore Bank mortgage, if I become a Australian resident but wish to rent my UK house, do I need to get consent to let from Aldermore Bank to do this ?
  • My wife and I would like to obtain consent to let on a house where we have a mortgage with Aldermore Bank. If issued, how long would consent be given for? In asking for consent to let from Aldermore Bank are we running the risk of them forcing us to change deal to BTL