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Need professional advice for your consent to let with Bank of Scotland Private Banking? 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: Bank of Scotland Private consent to let

  • I have just been on the phone to Bank of Scotland Private who have advised me that it has come to their attention that I have been renting the garden flat even though it is on a normal mortgage. I moved out three years ago for work reasons, was unable to sell and so had little choice to let out the property. Do you know what the financial repercussions may be for me not procuring consent to let?
  • If I took out a new mortgage with Bank of Scotland Private how long do I have to wait for consent to let without changing from a normal mortgage?
  • My gf and I might have to rent out her apartment, and I have a question concerning getting consent to do so. I know I need to inform Bank of Scotland Private and get a consent to let or change to a buy to let product. But the property is leasehold, so do we need consent to let from the residents association?
  • I am planning to lease out my house for 12 months from 5th July next year. Is there a standard format for a letter I can use to send to Bank of Scotland Private to apply for consent to let.
  • I am looking at moving abroad for work and would like consent to let from Bank of Scotland Private whilst I am away. Is the way forward to prepare a letter requesting consent to let and send it off in the post to Bank of Scotland Private? The point of renting the property isn't to make money but to keep the house in case things don't turn out as well as we hope
  • My Bank of Scotland Private mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then apply for a consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.
  • I took a mortgage with Bank of Scotland Private but am informed they have a policy that they refuse to grant consent to let the property to a housing association. Is this right and if so, is there a method round this?
  • I recently bought a property using a Bank of Scotland Private home loan. However I am currently living with parents. I don't want to move in until May 2017 due to some family issues. In meantime can I lease out the property with consent to let?