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Need professional advice for your consent to let with Bank of Ireland (UK) plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Top Five Questions relating to Bank of Ireland consent to lease

  • Can you clarify if consent to let compulsory from Bank of Ireland or can I rent out my garden flat without telling Bank of Ireland and being forced to switch to a B2L loan?

  • For ten I have a I have had a mortgage with Bank of Ireland. My partner has recently acquired a property in Southwark and he has asked me to move in with him. Is it possible for me to lease out my apartment with consent to let in case I need to move back? Also what legal paperwork must I provide Bank of Ireland with when filling in the consent to let application?
  • Eight months ago my building society (not Bank of Ireland) provided me with consent to let. This was subject to a provision that every half year they would add a charge of 0.5% of the outstanding mortgage amount. Having the first few payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been canceled .
  • My understanding is that this is a contravention of Bank of Ireland terms and conditions of mortgage if I lease out my property having informed that I intend to reside there. The intention is to redeem the home loan after six years, by which time the property will be unencumbered, meaning I no longer require any consent to let. Bank of Ireland advised me I can overpay as much as I like during the lifetime of the mortgage. I have someone who wants to rent the property. What are the chances of Bank of Ireland discovering that I am not living at the address? Can you set out connotations of not seeking consent to let? From what I have read there is a possibility of Bank of Ireland levying a fine
  • My husband and I are looking to ask Bank of Ireland for consent to let out our home in Hillingdon. We are relocating overseas for three years and would like to to rent out the property. I omitted to look into this when we got the Bank of Ireland mortgage, and that was due to the fact that we never anticipated an opportunity like this would come up so was planning on occupying the property.
  • The prevailing mortgage is with Bank of Ireland, but I am going to move out for around a year as we need to be closer to my wife’s parents. Will Bank of Ireland give consent to let?
  • I am trying to find out if it is possible to get a consent to let home loan with Bank of Ireland rather than a buy to let mortgage
  • 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 Bank of Ireland. Will any consideration be given to the fact that I only took out the mortgage two months ago?