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

Birmingham Midshires consent to let: Q and A’s

  • My mortgage is coming up for renewal with Birmingham Midshires. The property has been sub-let for a few years and I now realise that I should informBirmingham Midshires. My understanding is that I should seek consent to lease, but since the property has previously been let out could they decline - determine that I go onto a BTL rate or even apply a penalty? I have over 25% equity in the house - and the rent will more than cover the mortgage.
  • I acquired a garden flat a year ago with a Birmingham Midshires mortgage but would like to sublet the property. I have got neighbour issues there. Do I need consent to let fromBirmingham Midshires?
  • Do you know if an ERC would count as a deductible expense to be offset against tax for a BTL property? This time last year I was going to apply for consent to let from Birmingham Midshires on my flat but I ended up switching lender to get a BTL mortgage. I had to pay an early redemption penalty as I was still in a fixed rate period.
  • My fixed rate expires June 2017 and I wish to fix for a further three years with Birmingham Midshires, with any luck rates will remain low. In in next couple of years I may want to move for a couple of years to a different city. How problematic is it to get consent to let by Birmingham Midshires under these circumstances? Assuming that monthly rent payments would be about £300 above the Birmingham Midshires mortgage payments.
  • We are interested in discovering more about the Birmingham Midshires consent to let process and conditions for granting.
  • I want to let out a room in my house in Wandsworth. Do I require consent to let from my mortgage provider Birmingham Midshires?
  • My brother and I are considering applying to Birmingham Midshires to obtain consent to let our property, how long does it take between sending the forms to us finding a letting agent and listing our house for rent? and are there any additional steps in the process?
  • What happens if I have already leased out the property for a number of years as an HMO and now want to legalise the situation with Birmingham Midshires by obtaining consent to let ? (work on the basis that Birmingham Midshires had in the past given a residential mortgage in the past)