Need Help?

Need professional advice for your consent to let with Allied Irish Bank (GB), a trading name of AIB Group (UK)? 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: Allied Irish Bank consent to let

  • I have a mortgage with Allied Irish Bank. I wish to buy a further house and my mortgage broker advised me to seek consent to let. I had formerly led to believe they only accept the consent to let if I have the intention to move back into my current property. Is this correct?
  • A year ago my building society (not Allied Irish Bank) provided me with consent to let. This was subject to a provision that every half year they would levy a fee of half a percent of the remaining mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. This may well be a simple error but I am nervous that it would also mean I no longer have Consent to Let.
  • I have been offered an excellent job opportunity for 9 months overseas. I have enough cash reserves to cover the monthly Allied Irish Bank mortgage yet the buildings insurance requires that the property must be occupied 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 find it hard to afford repair costs. Will I qualify for consent to let by Allied Irish Bank for a limited period?
  • My understanding is that this is a breach of Allied Irish Bank mortgage policy if I let out my house having informed that I intend to live there. The intention is to have the mortgage fully paid off after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Allied Irish Bank advised me I can overpay as little as I like during the agreement. I have someone who is interested in renting the property. What checks do Allied Irish Bank do and what are the chances that they are likely to do this? What are the implications of not obtaining consent to let? From what I have read there is a possibility of Allied Irish Bank levying a penalty
  • We are close to purchasing a property and plan to live in it once we have refurbished but we may need to let the property out but not clear on what the criteria is for consent to let from Allied Irish Bank? We don't require a buy to let mortgage because we are not certain if we will need to let it out at all
  • Do you know whether Allied Irish Bank will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Allied Irish Bank let me raise capital based on the rental income ?
  • Just wanted to know what needs to be provided to Allied Irish Bank in order to get consent to let? I just finished a three year fixed mortgage and possibly moving to another flat with my girlfriend.
  • I have a domestic mortgage with Allied Irish Bank which is only 7 weeks long but I have been moved abroad with my job. How easy is it to get consent to let from Allied Irish Bank for a mortgage that has only recently commenced and I have just bought the property?