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

Bank of Ireland Mortgages consent to let: Q and A’s

  • We've been renting my wife's old house out with "consent to let" from Bank of Ireland Mortgages on a homeowner mortgage for the last two years. Bank of Ireland Mortgages have just written retracting their consent to let unless we swap to one of their "buy to let" loans.

  • I have had consent to let from Bank of Ireland Mortgages for some time now but they now want to speak to me and I expect their motivation is to get rid of me. Can you help?
  • I spoke to a mortgage broker friend last recently. He said that if I decide to move abroad with my job for a period then I should not apply for consent to let from my lender (Bank of Ireland Mortgages) until at least two weeks before I plan to rent out the flat. Am I to understand that I have to find a tenant first and then obtain a consent to let?
  • We have a flat in Harrow which we purchased off-plan approximately twelve years ago. As we've now got a young son we require a larger home. We've found a property in Hillingdon that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with Bank of Ireland Mortgages and we've found a tenant who will pay rent which more than covers the monthly mortgage payment. My question is, can we keep the repayment mortgage with Bank of Ireland Mortgages so we effectively paying off our loan on the flat or do we have to swap to a buy-to-let product?
  • My OH and I are looking to ask Bank of Ireland Mortgages for consent to let out our home in Bexley. We are relocating overseas for 2 years and would like to to rent out the property. I omitted to look into this when we got the Bank of Ireland Mortgages mortgage, and that was due to the fact that we never foresaw an opportunity would arise such as this so was planning on living in the property.
  • My partner and I are nine months into a three year domestic mortgage with Bank of Ireland Mortgages. Just enquiring whether it's ok to let out the property on my existing home loan. Will Bank of Ireland Mortgages give consent to let?
  • How much of my loan allowance will be made available to draw down on if I convert my mortgage to a consent to let with Bank of Ireland Mortgages?
  • I have a standard mortgage with Bank of Ireland Mortgages - about 40% equity. I am considering relocating for another job and was enquiring if Bank of Ireland Mortgages are flexible in changing the mortgage to allow for consent to let?