Need Help?

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

Sample questions relating to Birmingham Bank consent to let

  • We have a Birmingham Bank home loan and are are not in arrears, both employed etc. Can you tell me how much it will cost and if Birmingham Bank are likely to give us consent to let without transferring to a new mortgage product?

  • Can you explain "consent to let" to me? I live in a 1 bed flat and its in good condition. It has been on with agents for two months and I have had very few viewings. This is because my neighbour is a drunk and assaulted me last year. I was obliged to put this on the disclosure sheet. Mortgage is with Birmingham Bank on a fixed rate. It has been suggested to me that I should seek consent to let from Birmingham Bank and let the flat for a couple of years.
  • My partner and I currently live in Dubai and letting out our flat in the UK. This was unplanned but an opportunity presented itself and we took it. The rental income is insufficient to cover the mortgage so we transfer money each month to make up the shortfall. Anyway this morning our lender got in touch informing me that as the property is being let out and has been for nearly two years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell up but this will be difficult as I am on the other side of the world. Would it be possible to remortgage with Birmingham Bank and get consent to let?
  • It seems as though I will have the chance to go and work overseas in a couple of years. I am therefore possibly scaling down to a newer flat in Croydon which I could rent out with less difficulty as and when required. The intention is to retain half the equity in the new flat which would be my home for a while. My existing lender limits consent to let for 12 months. I expect to be renting it out longer term and not informing them could result in a whole host of legal issues. BTL seems unnecessarily expensive given that I will be living there, maybe for 2-3 years initially. What product do I ask for, and from which lender? Would, for example, Birmingham Bank give consent to let for an open ended period?
  • I need to send the consent to let application by courier and wanted to know if Birmingham Bank have a regular mailing address I can use as couriers ordinarily don’t accept deliveries to PO Box addresses.
  • Is consent to let required from Birmingham Bank if I am planning to occupy the flat myself for three months of the year? Furthermore if I obtain consent to let for a limited time, say up to 2 years, what happens after that.
  • Are you able to shed light what the process would be if we move to a new home and need to obtain consent to let for our existing mortgage with Birmingham Bank
  • About to remortgage my home but will likely be moving out in the next year and would be looking to let it out. Is it possible to get buy to let or consent to let from Birmingham Bank?