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

Lloyds TSB Scotland consent to let: Q and A’s

  • I am wanting to contact my lender Lloyds TSB Scotland explaining the following reasoning for my request for consent to let ; "I am struggling with the mortgage and thinking about a to move to a smaller property but can't sell. I am worried by failing to make payments and have considered returning the property to you. If I had consent to let that may solve things." Is this likely to convince them to grant me consent to let?
  • Eighteen months ago we purchased our council flat, in Wandsworth,recently valued at £240k. It was paid for in full from our own funds, mortgage fee. We are prohibited from selling (without repaying back a significant amount of the discount) before 5 years have passed. Regardless, we wish to hold onto it as a investment property to rent out. We are considering taking out a mortgage with Lloyds TSB Scotland. Will consent to let be given?
  • I have been offered an excellent career opportunity for 9 months in New York. I do have sufficient cash reserves to pay the monthly Lloyds TSB Scotland mortgage however the buildings insurance stipulates continuous residency in order to be valid. Last Christmas the roof had some leaks that were repaired. If there happened to be any problems in the winter months I would struggle to afford repair costs. How likely is it that I will get consent to let from Lloyds TSB Scotland for the period I am abroad?
  • I have a fixed mortgage with Lloyds TSB Scotland (with just over one year remaining) but due to redundancy want to move away from Essex (actually to a new job in France) and so wish to rent the property out. We are keen to avoid the expense of an early redemption charge and understand that some lenders are willing to grant this 'consent'...what is the approach adopted by Lloyds TSB Scotland?
  • If we request a consent to let letter by Lloyds TSB Scotland will we be forced to switch to buy to let mortgage? We are with Lloyds TSB Scotland and as houses are not selling at the mo but we have seen one we like we were going to rent our home out in order to acquire the new and sell this one when the local market picks up.
  • Last month I got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger home. Will it be possible to get a consent to let on my new mortgage with Lloyds TSB Scotland to allow us to get a mortgage also with Lloyds TSB Scotland for a new home?
  • My two year fixed rate with Lloyds TSB Scotland is due to come to an end shortly and I will go on to the standard variable rate. Can you tell me if consent to let by Lloyds TSB Scotland is likely, if there are charges, and if there are time limits?
  • Is there a time limit on a consent to let from Lloyds TSB Scotland? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?