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

West Bromwich Building Society consent to let: Q and A’s

  • My fixed rate mortgage is approaching reissuing with West Bromwich Building Society. The house has been tenanted for a few years and I think I should informWest Bromwich Building Society. My understanding is that I can ask for a consent to let, but since the property has already been let out for a considerable time could they decline - force me to go onto a BTL rate or even fine me? There is excellent equity - 30% LTV and have never missed any payments.
  • Our present house in Harrow has approximately £80K equity with a home loan with West Bromwich Building Society. It's a 3 bed house in a popular location and it should rent well. We are possibly moving for my partner’s work and were considering keeping this house on as an investment property - would we need to change the mortgage to a B2L product or should we apply for consent to let from West Bromwich Building Society?
  • The likelihood is that I will have the opportunity to work overseas in a couple of years. I am therefore possibly scaling down to a newbuild property in Bexley which I could rent out more easily as and when required. I would aim to keep half the equity in the new property which would be my home for a while. My current mortgage co limits consent to let for 12 months. I anticipate renting it out longer term and not informing them could land me in a whole host of problems. B2L seems unnecessarily expensive when I will be living there, maybe for 2-3 years initially. What type of mortgage should I be seeking, and from whom? Do lenders such as West Bromwich Building Society provide consent to let for a longer period?
  • We are planning to lease out my property for a year from 26th August 2016. Is there conventional wording for a letter I can use to send to West Bromwich Building Society to seek consent to let.
  • I am seeking from West Bromwich Building Society consent to let out my home in Harrow. I am planning to live with my mother as I am off work through ill health.
  • I am looking for consent to let for my property as I am moving out for 6 months currently fixed West Bromwich Building Society mortgage with two years which is due on June next year.
  • I am already letting out my property but may have been found out. I have four months remaining on my fixed rate. Is it simple to get consent to let from West Bromwich Building Society. Is it just a five minute phone call, pay the charge and it's done there and then?
  • Will West Bromwich Building Society give consent to let my property? I currently have a residential mortgage, never been in arrears and have been with West Bromwich Building Society for nearly since 2013. What charges am I likely to incur