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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.

Top Five Questions relating to Barclays - Woolwich consent to lease

  • I have let out my studio flat in Bromley for the past two years, and I had not appreciated that I had to get consent to let. I now want to rectify this. What are the legal ramifications of my actions?
  • My fixed deal expires June next year and I'm planning on fixing for a further three years with Barclays - Woolwich, hopefully rates will remain low. In two years time I may wish to move for a couple of years to a different city. How difficult is it to get consent to let by Barclays - Woolwich in this situation? Assuming that monthly rent payments would be about £250 higher than the Barclays - Woolwich mortgage payments.
  • I moved out of my flat about six months ago but didn't get around to get a consent to let letter, partly because the mortgage fix rate period is ending next month and I am considering refinancing anyway. I want to ask for the letter now, is that going to open up a Pandora’s box?
  • I took out a new mortgage with Barclays - Woolwich recently, borrowing extra with the intention of doing a loft conversion. That plan has proved not to be possible and I now intend to purchase a second property for residential purposes and rent the existing property out with consent to let. Is that likely to open up a Pandora’s box?
  • What are the circumstances under which Barclays - Woolwich would turn down a request for consent to let?
  • I was just enquiring if Barclays - Woolwich were picky when considering consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • I would be interested to know whether Barclays - Woolwich would have archive records as to whether consent to let was granted for a specific property?
  • Barclays - Woolwich - consent to let potential. Do you have experience of the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?