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

Recently asked questions relating to West Bromwich Mortgage Company consent to lease

  • Exciting times as my partner and I are moving to Tokyoin Month, perhaps for a little as 9 months but conceivably longer term. I'm in the process of writing to West Bromwich Mortgage Company to obtain consent to let out the property (we have already found tenants). I have been with West Bromwich Mortgage Company for three years and no payments have ever been missed. West Bromwich Mortgage Company advise, that even if they give permission, that this will be limited for a single year. Do I then need to reapply?

  • My flat has a mortgage against it with West Bromwich Mortgage Company and I have been renting my flat minus consent to let, making me in breach of my mortgage terms and condition. I think I have come onto their radar that I am not residing there. What negotiating options do I have if I don't sell it before they are on notice that I am in contravention of my terms and condition?
  • I have been offered a once in a lifetime job opportunity for 6 months in New York. I do have sufficient savings to cover the monthly West Bromwich Mortgage Company mortgage however the block insurance stipulates that the property must be occupied in order to remain valid. Last December the roof had some leaks that were repaired. Should there be any problems through the winter months I would struggle to afford remedial works. Would I be eligible for consent to let by West Bromwich Mortgage Company for the period I am overseas?
  • Is it correct that mortgage companies (my home loan is with West Bromwich Mortgage Company) may start adopting a more accommodating approach towards consent to let? A mortgage adviser suggested that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I switch from a residential to a BTL I am moving to a regulated product. His belief was that under the current regulation banks are wary of letting borrowers do this, which is likely why some mortgage providers will let customers apply for consent to let but not move to a BTL product. Is he an accurate assessment?
  • Last month I got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger place. Will it be possible to get a consent to let on my new mortgage with West Bromwich Mortgage Company to allow us to get a mortgage also with West Bromwich Mortgage Company for a new home?
  • How much of my mortgage allowance will be made available to borrow if I change my mortgage to a consent to let with West Bromwich Mortgage Company?
  • My fixed rate loan with West Bromwich Mortgage Company expires in August and have to move with work soon after. Is it likely that I be able to both remortgage and get consent to let?
  • I have West Bromwich Mortgage Company mortgage and am considering letting the property. I am lead to believe that I would require consent to let to do this...is that right ?