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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.

Birmingham Bank Consent to Lease Example Support Desk Enquires

  • My flat has a mortgage against it with Birmingham Bank and I have been renting the property without consent to let, which I am now led to believe means I am in contravention of my mortgage Ts and C’s. They may have suspicions that I am not living there. What are the legal connotations of my actions?
  • I am looking for some preliminary advice to consider if consent to let is a feasible option. I bought my flat 6 months ago by transferring an existing Birmingham Bank mortgage product. My fixed rate came to an end four months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Birmingham Bank, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to move to a B2L 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 raise additional capital to meet the 65% LTV ratio required for a buy to let loan. Ideally I would like to obtain consent to let from Birmingham Bank for 1-2 years in order to be more secure in becoming a possible landlord and to generate 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.
  • My husband and I currently live in Melbourne and renting out our flat in Hillingdon. This is not something we planned but an opportunity presented itself and we took it. The rent we make on the property is not enough to cover the mortgage so we transfer money each month to cover the difference. Yesterday I got a letter in the mail from our lender telling me that as the property is being let out and has been for almost two years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell the property but this will be difficult as I am so far away. Could we remortgage with Birmingham Bank and get consent to let?
  • For a couple of years now I have had a mortgage with my fiance on our apartment which is up for renewal 1st October. I am having to relocate to Oxford for my company in this summer. What are the chances of being able to move to a consent to let mortgage with Birmingham Bank?
  • I want to take in lodgers for my ground floor flat in Westminster which I live in. My mortgage is with Birmingham Bank. How do I go about getting a consent to let?
  • I am thinking of moving in with my fiance at his home and would like to rent out my property that I purchased last autumn, I'm just not sure of the process as my property is my first home. What do I need to do to obtain consent to let from Birmingham Bank If I obtain consent will my mortgage payments increase?
  • I was just enquiring how to obtain consent to let from Birmingham Bank...do I phone them or write a letter to them?
  • I am currently remortgaging and looking into the flexibility of certain lenders when it comes to consent to let. Birmingham Bank is one of the lenders I am thinking of going with. How accommodating are they when it comes to consent to let?