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

Bradford & Bingley consent to let: Q and A’s

  • My daughter is going to work overseas for three years and wants to rent her apartment out. She has a Bradford & Bingley fixed rate mortgage on repayment and wants consent to let the property as well as switch to interest only. What does she need to do?
  • My husband and I may be presented with an opportunity to work in a different office in the UK for a few months and would like to know if we can rent our current property. It is a 2 year fixed rate and we are four months into the mortgage with Bradford & Bingley. We have lived at the property for nearly five years. Our LTV is 70%. What are the chances of obtaining consent to let from Bradford & Bingley? What can we expect in fees etc
  • My partner and I currently live in NYC and letting out our apartment in Lewisham. This is not something we planned but an opportunity arose and we took it. The rental income is not enough to cover the mortgage so we send back funds each month to make up the shortfall. Earlier today I got a letter in the post from our lender telling me that because the property is being let out and has been for almost four years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell the flat but this will not be easy as I am on the other side of the world. Would it be possible to remortgage with Bradford & Bingley and get consent to let?
  • I have a domestic mortgage on a maisonette in Southwark but have rented it out without letting Bradford & Bingley know this. I now need a consent to let letter. How can I get one?
  • My husband and I are having to move to Kenya for eighteen months for my job but I don't want to change the mortgage to BTL as I want to move back into it when I return. Do you know if Bradford & Bingley charges extra on the interest? Is there any work around?
  • We have already been told to write a letter to Bradford & Bingley to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • Do you know whether there a time limit on a consent to let from Bradford & Bingley? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?
  • We need to contact Bradford & Bingley to enquire about leasing out my property. Do they send a form to me. Can I not get this from the site?