Need Help?

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.

Examples of recent questions relating to Principality Building Society consent to let

  • We have a residential mortgage with Principality Building Society. This has been in place since 2005. We are potentially renting out our property and renting in an area close to our children's school until we find the right house to purchase. Do Principality Building Society ordinarily grant consent to let and do they up the mortgage rate?
  • I have a one bedroom apartment in Lewisham let out which has a sixty year lease. Mortgage broker said I should remortgage (currently with Principality Building Society) as a buy to let rather than consent to let and release 65-70k which on top of a new homeloan based on my income would give me a budget of £210k. Limited available in Bromley for me to buy my own property. To extend the lease will be approximately 21k. Lease out with consent to let or sell the flat?
  • I would like to purchase a second house having recently bought a one bed flat on domestic mortgage. Looking to purchase next year. I have been advised that I may need consent to let from Principality Building Society, my existing mortgage provider? What is the best way to manage this and get the permission needed.
  • We have decided to rent our one bedroom apartment out. We have put an offer on a further property for us to purchase and have a tenant to move into ours. I assume I have to ask our mortgage provider Principality Building Society for consent to let. I wonder if there is a standard consent to let request letter I can use?
  • I'm having to move to the US for a couple of years for my job but I don't want to change the mortgage to BTL as I want to reoccupy it when I return. Do you know if Principality Building Society charges additional interest? Is there any work around?
  • I have a mortgage with Principality Building Society but am told they have a stipulation that they refuse to grant consent to let the property to a local authority. Is this right and if so, is there a way round this?
  • I took a domestic mortgage with Principality Building Society. I bought the property in December this year. Is it possible to get consent to let.
  • I need to contact Principality Building Society to enquire about renting out our house. Do they send a document to me. Is there a form I can download?