Need Help?

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

  • I have a current mortgage contract with West Bromwich Building Society and need clarify if it would be possible to receive consent to let out our three bedroom first floor purpose built maisonette in Bromley.

    The purpose for needing to lease out the property are as follows: -

    • Me and my wife will be migrating to Cape Town early next year.
    • By letting out the property this will facilitate savings to help the migration process.
    • There is little merit from a financial perspective to pay outright for a property which we are not residing in and by renting out the place this would be considered as continuing investment.

    If West Bromwich Building Society agreed that we are able to proceed with renting we would suggest some financial assurances to include: -

    • Continue to pay the monthly mortgage payment directly from my bank account.
    • Use an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Supply our forwarding address for when we move.
  • I'm looking to remortgage our old studio flat, currently rented with consent to let from West Bromwich Building Society, onto a BTL rate as we will not be moving back into it now since we have our family home. So, I'm assuming I need a specialist financial adviser for this and I am not really conversant with what is on offer in this area. Are you able to recommend an efficient broker service specialising in BTL?
  • I am looking for some feedback as to whether consent to let from West Bromwich Building Society is the right approach. I acquired my property six months ago by porting a West Bromwich Building Society mortgage product. My fixed rate ran out 4 months ago I'm probably going to be moving in with a new partner. I don't want to sell my house yet because I have no idea as to whether the new move will work out. Would it be likely that West Bromwich Building Society would grant a consent to let based on me letting out my property on a an AST for 1-2 years and then I will commit to a buy to let product or sell it?
  • Is it possible? The property has a mortgage against it with West Bromwich Building Society (with quite a bit of equity). I want to buy and live in a second house but keep my old house and rent it out. How can I fund a second mortgage without selling my old property and using the equity as a deposit for the new property. Is there anyway I can change my old mortgage to a buy to let mortgages or obtain consent to let and take on a second mortgage without having a deposit to put down.
  • My wife and I wish to move home and have identified 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 place an offer and not lose the potential new house.
  • I'm possibly going to Aus for a year with work. Planning on taking the husband with me and hoping to rent our UK home in the meantime on a temp basis to make matters more cost effective. I was just wondering I have filled in my application form but I'm unsure where to send it
  • Three months ago I acquired a apartment using a West Bromwich Building Society home loan. However I am presently living with mother and father. I don't want to move in until for nine months due to some family issues. In meantime can I rent out the property with consent to let?
  • Last month I completed my homeloan with West Bromwich Building Society since when my boyfriend has proposed and we are deliberating whether to live in his house or my property. Would I be granted consent to let if I were to move into his property