Need Help?

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

  • My mortgage is approaching reissuing with Principality Building Society. The house has been tenanted for a couple of years and I now realise that I need to informPrincipality Building Society. I understand that I should seek consent to let, but since the property has previously been rented out could they decline - insist I go onto a BTL product and even apply a penalty? There is excellent equity - 30% LTV and have never missed any payments.
  • My wife and I I have a normal mortgage with Principality Building Society but I would like to occasionally let the property out on I obliged to obtain consent to let from Principality Building Society?
  • I have found myself in the accidental landlord scenario and failed to inform Principality Building Society. I had to leave my home for work reasons, so now rent in another part of the country. At first I tried to sell the flat, but prices were low, resulting in negative equity. This was three years ago in 2012, which has since seen the property price increase and has allowed me time to accumulate savings. I am in now in a position where I could transfer to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Principality Building Society that I have been letting without consent to let? I am aware that I shouldn’t have done what I did, but circumstances wouldn’t allow me to do anything else. Any help will be greatly appreciated?
  • I am planning to lease out my house for a year from 10th August 2016. Is there a standard format for a letter I can use to write to Principality Building Society to seek consent to let.
  • Can you help me understand the requirements that Principality Building Society set for consent to let? Can you assist?
  • My husband and I took out a mortgage with Principality Building Society a few months ago and although it's only a possibility we may have to relocate around next July or August and would like to be able to let our property out. Is this possible with a non- BTL mortgage?
  • I am hoping to fix my residential mortgage with Principality Building Society but due to work related issues I will probably have to go abroad for a couple of years. Will Principality Building Society allow and give consent to let and there be any penalty
  • Soon to remortgage my home but I will potentially moving out in the next year and would be looking to rent it out. Do you think I can get buy to let or consent to let from Principality Building Society?