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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.

Questions and Answers: West Bromwich Building Society consent to let

  • I am planning to email my lender West Bromwich Building Society explaining the following logic for my request for consent to let ; "I am having difficulties with the mortgage and wish to move back with my parents but can't sell. I am worried by defaulting on the mortgage and have considered returning the property to you. If you granted consent to let this will likely solve things." What are the chances that this will convince them to grant me consent to let?
  • Under what situations will consent to let for a property be given via West Bromwich Building Society? How long do you have to have had the mortgage before consent to let can be negotiated with West Bromwich Building Society? In order to give you some perspective I am a young accountant in an apartment purchased five months ago. The ideal job offer requiring relocation to Westminster permanently has come up. I would be interested in seeking consent to let initially to be able to renting the property out to offset the costs of the West Bromwich Building Society mortgage.
  • A year ago my bank (not West Bromwich Building Society) provided me with consent to let. This was subject to a provision that every 6 months they would add a charge of half a percent of the remaining mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been withdrawn.
  • I am in the Royal Air Force and planning to buy a house with a West Bromwich Building Society mortgage. I would like to get consent to let the house to my parents. In the future I would live in the property with my family when I leave the Royal Air Force. Will I need to apply to my superior officer to request permission to rent it out?
  • Can I get an interest only mortgage with consent to let when my current West Bromwich Building Society deal runs out June 26?
  • We want to move home and have identified a property we wish to purchase so are considering renting out with consent to let from West Bromwich Building Society for our current property to enable us to make an offer and not lose the potential new property.
  • My daughter has a mortgage with West Bromwich Building Society and she wants to lease her apartment out as she moving in with her boyfriend.Will she be granted consent to let? What is the procedure and charges involved?
  • Do you know if there is usually a required loan to value amount before West Bromwich Building Society will give consent to let?