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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

  • I I have a residential mortgage with Principality Building Society but I would like to occasionally take in lodgers....am I obliged to obtain consent to let from Principality Building Society?
  • Please explain "consent to let" to me? I live in a studio apartment and its in good condition. It is on the market and I can't find a buyer. This is because my neighbour is noisey. I have had to mention this on the disclosure form. Mortgage is with Principality Building Society on a standard variable rate. Someone mentioned I should seek consent to let from Principality Building Society and rent the property for a year or two.
  • I rented my house out for three years from 2010-2013 while working in New York. I have a letter dated March 2010 from the mortgage company granting consent to let. In the letter it clearly states that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was issued. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not be acceptable to the new lender Principality Building Society for the property I wish to buy.Can this be right
  • I'm one year into a two year fixed mortgage with Principality Building Society. The LTV is only 50%. I've come across a really good deal on a maisonette in Hounslow which I don't want to miss. It appears that the only way I can get this other property is to take out some good chunk of equity. I'm thinking of letting the existing home which would more than cover the mortgage with Principality Building Society. Can I get a consent to let from Principality Building Society and and then seek an equity release after it's rented?
  • I am looking to Principality Building Society to issue me with consent to let out my home in Haringey. I am moving to look after my step-mum who has severe complex heart failure
  • I currently have a residential mortgage with Principality Building Society and plan on letting due to work being based in Bristol. In asking for consent to let from Principality Building Society do I run the risk of them forcing me to change deal to B2L
  • Do Principality Building Society give consent to let? I am just considering this as an option if I move home in the the near future
  • I am interested in consent to let for my home mortgaged with Principality Building Society. How do I proceed? Do I have to call Principality Building Society and get them to agree?