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

Top Five Questions relating to St James Place consent to lease

  • I'm looking to acquire a one bedroom apartment in Lambeth. I will only want to reside there for under a year, and then move into a larger home. As opposed to selling the prior home I would like to let it out so that it becomes an investment. Do you know if St James Place would grant consent to let in such a situation?
  • My colleague is intent on letting his flat out on the QT without consent to let from his mortgage provider St James Place. He has been on an interest only loan for about six years now. Currently owes £112k, having purchased the apartment for around £125k. In the absence of getting consent to let by St James Place, exactly what sanctions is he likely to face?
  • I was just seeking guidance on whether I will be allowed to convert a homeowner mortgage with St James Place to a consent to let. It will be less than 65% ltv and it would alter from repayment to interest only?
  • I have been a mortgage customer with St James Place for 1998. My divorce was finalised 18 ago and bought the ex wife out. My circumstances have changed, I wish to keep my house but live with my new partner, leasing my house out. I have been told by my financial advisor that I can seek consent to let by St James Place rather than a BTL mortgage as I I did not buy the house in the first place in order to let, is this right?
  • Is there a maximum period that St James Place is willing to issue Consent To Let for?
  • My partner is in the process of purchasing a new property in Havering and is on to a good deal as it needs some work done. We want to rent our current property for two years and then return. Will I be granted a consent to let by St James Place?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with St James Place. My property is worth approx £185k and owe £85k on it. How likely is it that St James Place increase my interest rate?
  • I would like details of how to go about obtaining consent to let from St James Place and what, if any, fees I face.