Need Help?

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.

Common questions relating to Birmingham Midshires consent to lease

  • I have a colleague who is thinking about leasing their house out and moving in with partner. She has a house in Ealing and has a £125k mortgage with Birmingham Midshires. What would she need to do to get consent to let if she decides to proceed.
  • I will soon be moving to Australia. Rather than sell my house, I would like to rent it out, just in case things don’t go as expected. My present mortgage is with Birmingham Midshires. If I looked to refinance would a new lender see this as me trying to dodge a Buy To Let mortgage, of which there is very little availability for 80% LTV, and therefore reject my request for Consent to Let?
  • Twelve months ago my bank (not Birmingham Midshires) gave me with consent to let. This was subject to a provision that every 6 months they would add a fee of 0.5% of the remaining mortgage amount. Having the first few payments they have omitted to make the charge in recent months. This may well be a simple error but I am nervous that it would also mean I no longer have Consent to Let.
  • Is it right that lenders (I have a mortgage with Birmingham Midshires) are taking a more relaxed approach towards consent to let? A broker suggested that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. So if I transfer from a owner-occupier to a Buy to let I am moving to a regulated product. He suggested that under the current regulation banks are reluctant to allow customers do this, which is likely why some lenders will let customers have consent to let but not move to a Buy to let product. Is he plausible?
  • My partner and I are the registered owners of a property in London with Birmingham Midshires and am moving to rent a property in Somerset due to work. Is consent to let from Birmingham Midshiresavailable? I only want to lease out the flat for half a year before selling.
  • We want to move home and have found a house we wish to purchase so are considering leasing out with consent to let from Birmingham Midshires for our existing property to enable us to place an offer and not lose the potential new property.
  • I have a residential mortgage with Birmingham Midshires, and I would like to let the flat out, until I decide whether to sell or hold on to it as an investment. At the moment I am on the standard variable rate. Will I need to remortgage? I.E. buy to let?
  • I am interested in consent to let for my property mortgaged with Birmingham Midshires. How do I proceed? Do I have to write to Birmingham Midshires and get them to agree?