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Need professional advice for your consent to let with West Bromwich Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Common questions relating to West Bromwich Building Society consent to lease

  • Finding myself in a difficult predicament with a Consent to Let home loan. Having sought consent to let my bank has asked me to provide them with an executed Assured Shorthold Tenancy before they will grant consent. Is is not the case that if I adhered to their request that I would be breaching the terms of my existing mortgage?

  • A year ago my lender (not West Bromwich Building Society) issued me with consent to let. The condition was that every half year they would add a charge of 0.5% of the outstanding mortgage amount. Having the first few payments they have omitted to make the charge in recent months. This may well be a simple error but I am nervous that it would also mean I no longer have Consent to Let.
  • I previously took a mortgage with West Bromwich Building Society and the LTV is presently 60% with the West Bromwich Building Society current book value and would like to acquire another property but do not want to sell my current property at the current market value. I have consent to let from an alternative mortgage provider on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with West Bromwich Building Society need to exceed 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 repayment.
  • I have a self contained flat attached to my house that my mum is planning to move out from. As my property is large I was considering moving into the annex and let the rest out. This is also due to change in my personal situation. Would I need a consent to let from West Bromwich Building Society?
  • My husband and I are looking at new mortgages and also exploring the possibility of renting the property in the years to come - Is there a cost with West Bromwich Building Society to receive consent to let and what are the requirements?
  • We are about to buy a place and plan to live in it once we have renovated but we may need to let the property out but not sure what the criteria is for consent to let from West Bromwich Building Society? We don't require a buy to let mortgage because we are not certain if we will need to let it out at all
  • I have a domestic mortgage with West Bromwich Building Society which is only 7 weeks long but I have been relocated with my job. How easy is it to obtain consent to let from West Bromwich Building Society for a mortgage that has only just started and I have just purchased the property?
  • Please could you clarify what the procedure would be if we move to a second house and need to apply for consent to let for our existing mortgage with West Bromwich Building Society