Consent-to-let Help for West Bromwich Building Society

West Bromwich Building Society consent to let: Q and A’s

• Can a new mortgage be taken on a consent to lease with West Bromwich Building Society?

• What information do West Bromwich Building Society need to to determine whether to grant consent to let. I have a five year fix with them. I have a good track record of mortgage payments over several years. I am looking at moving to the countryside owing to surprising growth of family. I will be staying with my current job and my annual income has gone up 20% since I applied for the mortgage out.
• We are currently in Hong Kong and letting out our property in the UK. This is not something we planned but an opportunity came up and we took it. The rental income is insufficient to cover the mortgage so we send back funds each month to make up the difference. Last week I got a letter in the post from our lender telling me that as the property is being let out and has been for nearly two years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell up but this will be difficult as I am on the other side of the world. Would it be possible to remortgage with West Bromwich Building Society and get consent to let?
• We have a flat in Barnet which we acquired off-plan about seven years ago. As we've now got a young son we need a larger home. We've found a house in Camden that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with West Bromwich Building Society and we've found a tenant who will pay rent in excess of the monthly mortgage payment. The question is, can we retain the repayment mortgage with West Bromwich Building Society so we effectively paying off our loan on the property or must we to transfer to a buy-to-let mortgage?
• I am looking to West Bromwich Building Society to issue me with consent to let out my home in Sutton. I am moving in with partner, cant sell property
• My two year fixed rate with West Bromwich Building Society is due to expire soon I will move on to the standard variable rate. Can you tell me if consent to let by West Bromwich Building Society is possible, if there are cost, and if there are time limits?
• My wife and I want to let our house out and use the rental income to pay rent on a house in Westminster. What are the chances of being given consent to let by West Bromwich Building Society without being forced into a new rate.
• Me and my brother have had my mortgage with West Bromwich Building Society for eleven years and always made payments If I asked for consent to let would it be given?