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've got an existing mortgage with Allied Irish Bank coming up to 18 months and the fixed rate is due to expire. We are contemplating extracting equity out of our current place to enable us to purchase a more substantial house and then let out the current maisonette. The initial advice we received was that we should look for a new residential mortgage allowing for consent to let - what does this mean?
  • We have a fixed mortgage with Allied Irish Bank (with just under two years left) but due to redundancy want to move away from NW London (actually to a new job in Belgium) and so want to let the property out. We are keen to avoid the expense of an early redemption penalty and understand that some lenders happily provide this 'consent'...what is the policy adopted by Allied Irish Bank?
  • How long must you be the registered owner of a property before one is eligible for consent to let ,the lender is Allied Irish Bank? If granted, can it be withdrawn months later?
  • I have been in the Royal Navy for six years and planning to acquire a home using a Allied Irish Bank mortgage. I would like to obtain consent to let the house to my parents. In the future I would reside in the property with my wife and kids when I leave the Royal Navy. Is this achievable?
  • Should I decide to apply for consent to let from Allied Irish Bank what is the time scale Allied Irish Bank would take to make a decision?
  • Does my loan to value need to be at a certain level to allow me to apply for a consent to let from my mortgage lender Allied Irish Bank. Will it make a difference that I only drew down on the mortgage three months ago?
  • Me and my fiance and I have 5 months to run on a 2 year residential mortgage with Allied Irish Bank but now lease the property out. is it safe to assume they will simply charge a set fee for consent to let?
  • I have fixed rate mortgage with Allied Irish Bank. I am going have to rent out my flat due to necessity. Were I to seek consent to let, will I have to pay a lot more interest?