Need Help?

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

Sample questions relating to Co operative Bank consent to let

  • I currently let out my flat in Havering. I didn't apply for consent to let. I moved to Surrey for work and couldn't do a commute but was nervous that Co operative Bank would charge me an arm and a leg so I decided to take the risk. I'm looking to do the right thing now... basically continue leasing it but with consent. What course of action do I take now?

  • I am a first time buyer hoping to complete on a 2 bedroom house in Co operative Bank. I have a significant deposit with a mortgage from Co operative Bank. My concern is that my fiancee inherited a flat in Slough and I hope to be moving in next year, when I would want to let out my property. I understand that consent to let is required but it does not sound like there is any certainty. Is there any advice you can impart?

  • I need to change my residential mortgage with Co operative Bank to a consent to let and looking for some help... I purchased my first home in Edgware fouryears ago. After a new job opportunity I moved to Belfast, and 6 months ago got a residential joint-mortgage with my partner. I am inclined to stay with Co operative Bank and seek consent to let rather than attempt to apply for a new mortgage elsewhere, but if Co operative Bank turn me down what lenders should I approach.
  • I have found myself in the accidental landlord situation and without consent to let from Co operative Bank. I had to leave my property for career reasons, so now rent in another part of the country. At first I attempted to sell the flat, but prices were low, which meant I was in negative equity. This was three years ago in 2011, the value has gone up and has given me time to accumulate savings. I am in now in a position where I could switch to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Co operative Bank that I have been letting without consent to let? I appreciate that I shouldn’t have done this, but circumstances wouldn’t allow me to do anything else. Can I change to a BTL without Co operative Bank knowing what I’ve done?
  • We are planning to move to Australia for eighteen months for my job but I don't want to change the mortgage to BTL as I want to move back into it when I return. Do you know if Co operative Bank charges additional interest? Is there any work around?
  • I am looking to Co operative Bank to issue me with consent to let out my flat in Ealing. I am moving to Spain for 5 months for work.
  • I am trying to find out Co operative Bank fees for conversion to consent to let from a fixed rate residential mortgage?
  • Do you know whether Co operative Bank will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Co operative Bank let me raise capital based on the rental income ?