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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.

Frequently asked questions relating to West Bromwich Building Society consent to lease

  • What options are open to me if my request to obtain consent to let is turned down by West Bromwich Building Society?

  • My flat has a mortgage against it with West Bromwich Building Society and I have been letting out my flat omitting to get consent to let, making me in contravention of my mortgage contract. They may have suspicions that I am not living there. What are the legal consequences of my failure to obtain consent to let?
  • Is it possible to rent out our property minus consent to let from our mortgage provider? I appreciate that at the time we signed a form stating it wouldn't be a buy to let property and that we are not the owners of other property. I know you can't use H2B if you owned other premises at the time, but what about property after the event? Can one purchase a further property, receive a gifted property?
  • Our present house in Bromley has nearly £80K equity with a home loan with West Bromwich Building Society. It's a 3 bed house in a popular location and I think it would rent easily. We are probably moving for my husband's work and were considering keeping this house on as a rental property - should we be swapping the mortgage to a B2L product or can we get consent to let by West Bromwich Building Society?
  • We want to move home and have found a house we wish to purchase so are considering leasing out with consent to let from West Bromwich Building Society for our current property to allow us to make an offer and not miss out on the potential new property.
  • How likely is it that I can retain my existing homeowner mortgage with West Bromwich Building Society if I start renting out? If the consent to let is issued will they tie me into an increased rate?
  • I am currently remortgaging and looking into the flexibility of certain mortgage providers when it comes to consent to let. West Bromwich Building Society is one of the lenders I am considering. How accommodating are they are far as consent to let is concerned?
  • What are the implication if I have already let the property for some years as an HMO and now wish to go legit with West Bromwich Building Society by getting consent to let ? (assume West Bromwich Building Society had in the past given a homeowner mortgage previously)