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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.

Recently asked questions relating to Co operative Bank consent to lease

  • I have a standard mortgage over my residence in loc with the intention of relocating abroad to country for two years. During this time I want to let out my house. My bank is withholding consent to let. It’s hardly ideal to move to a buy to let loan as it’s only for a limited time-frame that I am going away for.

  • I am a first time buyer interested in a detached house in Co operative Bank. I have a good size deposit with a mortgage from Co operative Bank. My predicament is that my girlfriend inherited a flat in Dover and I hope to be moving in next year, at which point I would want to let out my property. I understand that consent to let is required but it does not sound like a positive outcome is assured. Can you offer any advice?

  • My granddaughter is going to work overseas for three years and would like to rent her flat out. She has a Co operative Bank fixed rate mortgage on repayment and wants consent to let the property as well as transfer to interest only. What does she need to do?
  • I have a current mortgage contract with Co operative Bank and need clarify if it would be possible to receive consent to let out our garden flat in Ealing.

    The purpose for needing to find tenants for the property are as follows: -

    • My family and I will be moving to India early next year.
    • In renting out the property this will enable us to make some savings to help the migration process.
    • It would be pointless from a financial point of view to pay outright for a property which we are no longer residing in and by leasing out the property this would be considered as continuing investment.

    If Co operative Bank agreed that we are able to proceed with renting we would propose some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment directly from my bank account.
    • Use an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Provide our forwarding address for when we emigrate.
  • I was just enquiring if Co operative Bank would grant consent to let and what kind of charges, penalties and new rates etc
  • Will Co operative Bank want to know why I am seeking consent to let? Is it wise to inform them of my possible relocation abroad?
  • I am looking to Co operative Bank to grant consent to let out my studio flat in Hounslow. I am moving to Mexico for 5 months on a secondment.
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a half year rule before consent to let - does this apply to all lenders. Is there any way Co operative Bank would grant consent to let from day one?