Need Help?

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

Examples of recent questions relating to St James Place consent to let

  • We've been renting my wife's old house out with "consent to let" from St James Place on a residential mortgage for the previous three years. St James Place have put forward an ultimatum revoking consent to let if we do not swap to one of their "buy to let" loans.

  • If I were to let out my garden flat with consent to let by St James Place, what proof would be required of the letting? If after twelve months I decided to let it on a series of holiday term lets, do I still need to supply evidence to St James Place, or will they leave me alone as long as they receive payment each month? E.G. if I let the rooms individually at a later stage, is there any reason for St James Place to know and would they care?
  • me and my wife have just sorted our rates for another fixed five years with St James Place. However, I attended an interview and basically I accepted the job offer in Barnet. I'm going to rent a small flat for the family in Bexley as we don't wish to sell the house and moreover we might come back within a couple of years.... We really have no idea how things will go. We have contacted St James Place but we would appreciate your take on the situation. Is it possible to have a consent to let in that case as we secured a fixed 5 years rate we really don't want to lose this rate.
  • I have an existing St James Place mortgage on a house for the last eight years. I am now married and moved into my husband’s home. My property is currently empty and we either need to sell or have someone rent. Clearly this will not be a short term agreement as I can't see me move back in. What should I advise St James Place with a view to obtaining consent to let?
  • My personal situation has changed, and I would like to rent my property out - meaning consent to let- I have approx £200K loan with St James Place and currently 100k equity I need to avoid the redemption penalties.
  • How likely is it that I can keep my existing homeowner mortgage with St James Place if I start renting out? If the consent to let is issued will they tie me into an increased rate?
  • Is consent to let a cost efficient way of renting out your property? Isn't this a loophole for some borrowers to exploit?
  • I have a mortgage with St James Place but would like to let my house out and move in with my fiance and baby what would I have to do to obtain consent to let?