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

Barclays - Woolwich Consent to Lease Example Support Desk Enquires

  • Bottom line - if worst comes to the worst what action Barclays - Woolwich can take if I have Sublet my flat if consent to let is not first obtained?

  • My fiancee and I are are looking to join the property ladder, currently renting. We would ideally like to buy a one bed flat in Barnet. We want to move there, but will need to wait for a job - perhaps a couple of years. Do we have to seek a buy-to-let mortgage? Could we take a normal mortgage with Barclays - Woolwich, even though we won't be moving in straight away? Or could we live there for half a year, then start renting it with consent to let from Barclays - Woolwich? I'm only willing to consider suggestions that are fully legitimate, and wouldn't breach the provisions of the mortgage with Barclays - Woolwich.
  • I previously took a mortgage with Barclays - Woolwich and the LTV is currently 60% with the Barclays - Woolwich current book value and I'm looking to buy a further property but would like to keep my existing property at the current market value. I have consent to let from NRAM on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Barclays - Woolwich need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 18 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • Is it correct that lenders (my home loan is with Barclays - Woolwich) have changed tune and are now taking a more lenient approach towards consent to let? A mortgage adviser recently told me that BTL mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I move from a residential to a Buy to let I am moving to a regulated product. His belief was that under the current regulation banks are wary of letting borrowers do this, which is likely why some banks will permit customers apply for consent to let but not move to a BTL product. Is he an accurate assessment?
  • I have a Barclays - Woolwich mortgage currently and potentially want to let it out for a limited period of time with consent from Barclays - Woolwich for (two years). How long do you have to wait until you apply for consent to let??
  • What is the longest period that Barclays - Woolwich is willing to grant me the Consent To Let for?
  • Me and my brother have a mortgage with Barclays - Woolwich but am told they have a stipulation that they refuse to issue consent to let the property to a housing association. Is this correct and if so, can you suggest a method to bypass this?
  • Does my loan to value need to be at a certain ratio to allow me to apply for a consent to let from my mortgage lender Barclays - Woolwich. Will any consideration be given to the fact that I only recently out the mortgage two months ago?