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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.

Frequently asked questions relating to Co operative Bank consent to lease

  • I would like to move home. The query I have is whether consent to let will be granted on my house for me to then obtain a loan offer for the new house so I can put in an offer without being part of a chain and subsequently let my house out once I move. Will Co operative Bank give consent to let for six months? Assuming the letting goes well is it possible for the consent to let period be continued?
  • Our current house in Bromley has approximately £120K equity with a home loan with Co operative Bank. It's a nice family house in a popular area and I think it would rent well. We are possibly moving for my partner’s work and were considering holding onto the house on as an investment property - should we be swapping the mortgage to a B2L product or can we get consent to let by Co operative Bank?
  • We are hoping to utilise equity in my present house to acquire an additional property which I intend to live in whilst I do it up. I would like to let out my first property with the Co operative Bank mortgage. I was just looking for a general view on whether Co operative Bank currently allows consent to let? House is valued at £300 k with a £200k mortgage in place.
  • We are looking to rent our garden flat out. We have put an offer on another property for us to buy and have a tenant to move into ours. I believe I have to ask our lender Co operative Bank for consent to let. I wonder if there is a template consent to let request letter I can use?
  • I have a Co operative Bank mortgage currently and potentially want to let it out for a short period of time with consent from Co operative Bank for (two years). Just wanted to know is it something that is obtainable relatively quickly?
  • My lender refuse to grant consent to let until I have a move in date confirmed with a tenant. How can I confirm this without consent to let? I can't be certain but I vaguely recall my friend had a similar issue with Co operative Bank.
  • I’m about to finish the fixed rate period of my two year fix with Co operative Bank and move on to the current variable rate. Can you tell me if consent to let from Co operative Bank is likely, if there are charges, and if there are time limits?
  • If I am tied into a fixed rate with Co operative Bank but am considering letting out my property, is there a cost for consent to let from Co operative Bank and does the interest rate alter?