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

Principality Building Society consent to let: Q and A’s

  • I have just been on a call with Principality Building Society and they tell me that it has been brought to their attention that I have been letting out the one bedroom ground floor purpose built flat despite having a normal mortgage. I moved out three years ago for career reasons, was unable to sell and was left with little option but to let out the property. Do you know what the connotations may be for me not procuring consent to let?
  • I would like to see if I can get consent to let on my existing home. I have a mortgage with Principality Building Society but my circumstances have changed. I'm looking to move in with my partner and son who have a house and more room than my small property. I doubt I will qualify for a buy to let mortgage as I don't have money for a deposit nor do I earn in excess of £25000 per annum.
  • Ever since 2011 I have had a Principality Building Society mortgage with my twin and want to vacate and get a new mortgage with my partner. How do I proceed with leasing out my room? Would I need consent to let from Principality Building Society? My twin will remain in the property
  • After retiring last year I purchased a “retirement home” for my wife and myself to move to. Our intention is to let our current property to our grandson and I have consequently asked Principality Building Society for consent to let. I was just seeking a general view on whether Principality Building Society currently allows it?
  • If we request a consent to let letter by Principality Building Society will we be forced to switch to buy to let mortgage? Our mortgage is with Principality Building Society and as properties are not selling at the mo and we have seen one we like we were considering letting our home out in order to purchase the new and dispose of this one if the local market picks up.
  • I would like to send the consent to let application by courier and need to know if Principality Building Society have a regular postal address I can use as couriers usually don’t accept deliveries to PO Box addresses.
  • Just curious as to whether it is possible if you own one property with consent to let from Principality Building Society, to purchase another with a homeowner mortgage to live in. Then once the consent runs out on the first property, to convert to buy to let or sell it?
  • Will Principality Building Society issue consent to let my property? I currently have a homeowner mortgage, never had arrears and have been with Principality Building Society for approximately since 2012. What costs am I likely to incur