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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.

Top Five Questions relating to West Bromwich Building Society consent to lease

  • I am a FTB interested in a terraced house in West Bromwich Building Society. I have a good size deposit with a mortgage from West Bromwich Building Society. My concern is that my partner owns a flat in Maida Vale and I anticipate moving in next month, at which point I would have to let out my house. I understand that consent to let is required but it does not sound like a guaranteed option. Can you offer any advice?

  • I would like to acquire a second property having recently purchased a one bedroom apartment on residential mortgage. Plan to purchase next year. I am told that I may require consent to let from West Bromwich Building Society, my current mortgage provider? What is the best way to go about this and gain the permission required.
  • My understanding is that this is a contravention of West Bromwich Building Society mortgage policy if I let out my property having indicated that I intend to live there. The plan is to repay the home loan after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. West Bromwich Building Society advised me I can overpay as little as I like during the agreement. I know someone who is interested in renting the property. What are the chances of West Bromwich Building Society finding out? Can you set out connotations of not seeking consent to let? From what I have read there is a possibility of West Bromwich Building Society transferring the loan onto a BTL mortgage
  • Resulting from a change in family circumstances my wife and I are moving to my parents house while they are away and letting our home out. We are going to need for consent to let from West Bromwich Building Society. Will this be given? We will need to remortgage in the next twelve months will we then have to move to a BTL product. We intend to return to our flat at the beginning of 2017?
  • I have separated from my wife and we have each moved into our parents house and intend to divorce. What do I have to do to get West Bromwich Building Society to give consent to let our house out to students?
  • I have a domestic mortgage with West Bromwich Building Society which is only six weeks in but I have been relocated with my job. How easy is it to obtain consent to let from West Bromwich Building Society for a mortgage that has only just commenced and I have just purchased the property?
  • Is consent to let a cheaper way of becoming a landlord? Isn't this a loophole for some people to exploit?
  • How likely is it that West Bromwich Building Society force me into a consent to let product while I'm in a fixed rate product for 2 years?