Need Help?

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

Bradford & Bingley consent to let: Q and A’s

  • Do I need consent to let from Bradford & Bingley or can I let my property without telling Bradford & Bingley and being forced to transfer to a buy-to-let loan?

  • Next month I will be relocating to Denmark. As opposed to sell my house, I would like to rent it out, just in case things don’t go as expected. My present mortgage is with Bradford & Bingley. If I applied for a refinance would a new provider consider this as me trying to avoid a Buy To Let mortgage, of which there is very limited availability for 80% LTV, and therefore reject my request for Consent to Let?
  • I have a residential property but I am moving with my girlfriend to a different location for career reasons and moreover near her university. My preference is to retain the house but it is unlikely that I can afford a BTL mortgage. It will only be temporary -3 years until my girlfriend has finished University and I can sell, or move elsewhere. My mortgage is with Bradford & Bingley. Is there a chance I won't be approved for consent to let?
  • I am looking for our family to move to give us all more space. We are thinking about buying another house in the near future. Our house is worth £155,00 and we have about £55k remaining on the Bradford & Bingley mortgage. We would prefer to keep this house if possible and let it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • I was just enquiring if Bradford & Bingley would give consent to let and what kind of fees, penalties and new rates etc
  • If I let my property with consent to let from Bradford & Bingley will will theybump up the interest rate? I am currently on a fixed rate for two years.
  • If I am tied into a fixed rate with Bradford & Bingley but am thinking of letting out my property, is there a fee for consent to let from Bradford & Bingley and does the interest rate get uplifted?
  • I recently bought a house with 10% deposit for personal uses. A homeloan was taken with Bradford & Bingley. But my circumstances have now changed. I am being transferred abroad. Am I able to get consent to let from Bradford & Bingley and put the property up to let?