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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.

Recently asked questions relating to St James Place consent to lease

  • My lender has placed me between a rock and a hard place with a Consent to Let home loan. In response to requesting consent to let the lender has requested evidence of a signed Assured Shorthold Tenancy before they will grant permission. Is is not the case that if I adhered to their request that I would be breaching the lender’s terms and conditions?

  • I am about to write to my lender St James Place justifying the following logic for my request for consent to let ; "I am having difficulties with the monthly mortgage amount and wish to move to a smaller property but can't sell. I wish to avoid defaulting on the mortgage and have thought about returning the property to you. If you issued consent to let that may solve things." What are the chances that this will convince them to grant me consent to let?
  • I am looking for some precautionary feedback to see consent to let is a sensible option. I bought my apartment 7 months ago by transferring an existing St James Place mortgage product. My fixed rate came to an end 4 months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with St James Place, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to switch to a buy to let mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to find additional capital to meet the 65% LTV ratio required for a BTL mortgage. Ideally I would like to get a consent to let from St James Place for 1-2 years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • Were I to take out a new mortgage with St James Place how long do I have to wait for consent to let without switching from a normal mortgage?
  • I am looking to St James Place to issue me with consent to let out my flat in Redbridge. I am moving to look after my mother who has liver failure
  • I was just enquiring if St James Place were picky when giving out consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • I am trying to investigate if it is possible to get a consent to let home loan with St James Place rather than a buy to let mortgage
  • I recently completed on a one bedroom apartment in Westminster. I am a FTB. I am moving Paris next month, can I get consent to let from my lender St James Place or do need to wait for at least 6 months?