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.

Top Five Questions relating to St James Place consent to lease

  • How much does it cost to obtain consent to let from St James Place and is there a minimum period of time I should have resided in the property?
  • I currently have a mortgage with St James Place and the LTV is presently 45% with the St James Place current book value and would like to acquire another property but would like to keep my current property at the current market value. I have had CTL from Northern Rock on a previous property so know a bit about them and I also have buy to let with Accord on another property. Does the expected rental income on a consent to let with St James Place need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • If a landlord opts to lease out their property without consent to let by St James Place - what, if any implication could there be for an agent acting on their behalf?
  • My partner and I may have to let his property out. I realise that I must obtain consent to let by St James Place. We plan on joining a landlord association if we go ahead and let the property, but which of the two should we join? We've seen the RLA and National Landlords Association.
  • Last month I got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger home. Will it be possible to get a consent to let on my new mortgage with St James Place to allow us to get a mortgage also with St James Place for a new home?
  • My family circumstances has changed, and I would like to rent my place out - meaning consent to let- I have approx £140K loan with St James Place and currently 90k equity I need to side-step the early repayment fees.
  • I hope to buy a new house but can't afford to sell my existing property with a St James Place mortgage. Do you know acceptable terms for St James Place to give consent to let? Is getting married and having children a good enough reason to to ask for consent to let?
  • My OH and I have three months to remaining on a 2 year residential mortgage with St James Place but now rent the property out. Can I assume they will just charge a flat fee for consent to let?