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

Principality Building Society consent to let: Q and A’s

  • Always on the look out for a money making scheme I am contemplating leasing out my apartment and generate some income while I am on vacation. It will only likely be for four weeks. Do I need consent to let from Principality Building Society?

  • If I decided to let out my ground floor flat with consent to let by Principality Building Society, what evidence would be required of tenancy? If after twelve months I decided to let it on a number of holiday term lets, am I still required to supply evidence to Principality Building Society, or will they be happy provided they receive payment each month? For example if I sublet the room individually at some point in the future, is there any reason for Principality Building Society to be informed and would they take issue?
  • At the moment have a 5 year fixed term mortgage with Principality Building Society that we're about a year into. Our situation has now altered and we wish to rent out our house for a year and whilst we relocate to Sutton. How do we minimise the possibility of Principality Building Society refusing to grant consent to let.
  • I cannot find the form to download "consent to let" on the Principality Building Society website. Could you please email me the URL to do it? Many thanks.
  • If I let my house out with consent to let from Principality Building Society will will theyjack up the interest rate? I am presently on a standard variable rate.
  • I was just wondering how to obtain consent to let from Principality Building I call them or apply formally in writing to them?
  • I am planning on relocating inside the next 6 months and want to rent my property out. My mortgage rate is fixed with Principality Building Society. I am worried a rate hike would be too much if that was linked to receiving consent to let
  • What, if any, income criteria do Principality Building Society set for consent to let on an existing standard mortgage?