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Need professional advice for your consent to let with State Bank of India UK? 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: State Bank of India UK consent to let

  • My fiance and I may need to rent out our Tower Hamlets home for a while due to a new job. This will be for a limited period but perhaps for seven years. Should I tell State Bank of India UK or should I remain silent?

  • I work for a letting agency in loc and have been ask but a prospective tenant of a property for evidence of the ‘consent to let’ from the owners lender State Bank of India UK. Why would they ask for this

  • We have just sorted our rates for another fixed five years with State Bank of India UK. However, I attended an interview and basically I accepted the job offer in Croydon. I'm going to rent a one bed flat for me and my family in Bromley as we don't want to sell the house whist there is a chance that we come back within a couple of years.... We really don't know whether it will work out. We called State Bank of India UK but we would like also your take on the situation. How is it to have a consent to let in that case as we just got a fixed 5 years rate we really don't want to change.
  • I am planning on acquiring a property, renting two of the bedrooms out in order to cover the loan with State Bank of India UK, and then moving on in a few years time - at which point the property would be fully tenanted. How likely is it that State Bank of India UK would look at this unfavourably as I will have been given a normal mortgage as opposed to a B2L or consent to let? I've read that the worst possible outcome is that they can sue for mortgage fraud, is this correct?
  • My lender wont grant consent to let until I have a move in date confirmed with a tenant. How can I confirm this in the absence of consent to let? I am not certain but I vaguely recall my friend had a similar issue with State Bank of India UK.
  • I already have a mortgage with State Bank of India UK. I am thinking about renting and purchasing another property but this is all new to me. How do I apply for consent to let from State Bank of India UK and what are the steps within the process?
  • I have fixed rate mortgage with State Bank of India UK. I may have to rent out my flat due to necessity. Were I to apply for consent to let, will I have to pay significantly more interest?
  • Can you tell me how much the fees are and if State Bank of India UK ordinarily grant consent to let without switching to a commercial rate?