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.

Examples of recent questions relating to Aldermore Bank consent to let

  • We've been renting my wife's old house out with "consent to let" from Aldermore Bank on a standard mortgage for the last 24 months. Aldermore Bank have just written withdrawing their consent to let unless we transfer to one of their "buy to let" products.

  • I have been offered an excellent career opportunity for eight months in New York. I have enough cash reserves to meet the monthly Aldermore Bank mortgage yet the buildings insurance stipulates continuous residency in order to remain valid. Last December the roof suffered storm damage but was repaired. Should there be any problems in the winter months I would struggle to afford repair costs. How likely is it that I will get consent to let from Aldermore Bank for the period I am overseas?
  • Me and my partner have a flat in Greenwich which we purchased as a new-build about seven years ago. As we've now got a young son we require more space. We've identified a property in Bexley that we're going to buy and want to keep the flat as an investment to rent out. The mortgage is with Aldermore Bank and we've found a tenant who will pay rent in excess of the monthly mortgage amount. Our query is, can we retain the repayment mortgage with Aldermore Bank so we effectively paying off our mortgage on the property or must we to move it to a buy-to-let mortgage?
  • At the moment I am looking to purchase my first property however, working as a contractor. I I would like to find a lender that allows short term letting with a homeowner mortgage so that I could lease out the property for no more than six months with long periods of absence without being forced into a buy to let product. Are you able to advise me on how lenders would view this and in particular the approach taken by Aldermore Bank.
  • Is there discretion in the accepted equity ration before transferring from an existing Aldermore Bank mortgage to a consent to let?
  • I was just wondering how to obtain consent to let from Aldermore Bank...do I call them or write a letter to them?
  • Do you know whether there a time limit on a consent to let from Aldermore Bank? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?
  • Ten months into homeloan with Aldermore Bank due to job offer.. need to relocate. Do you think I can get buy to let or consent to let.