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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.

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

  • We purchased a property in Manchester and will be relocating to Cornwall at the end of February. I have a letting agency and tenant now. I was proposing to leave everything as it stands as I'm concerned West Bromwich Mortgage Company will say I have to change my mortgage rate over to a buy to let which is not financially feasible. I appreciate that it would be preferable to obtain a consent to let via West Bromwich Mortgage Company but am afraid if I open Pandora's box it would result in a whole host of issues
  • Our current house in Wandsworth has nearly £95K equity with a home loan with West Bromwich Mortgage Company. It's a decent family house in a popular catchment and it should rent well. We are possibly moving for my partner’s work and were considering keeping this house on as an investment property - should we be swapping the mortgage to a buy to let product or should we seek consent to let by West Bromwich Mortgage Company?
  • I understand that this is a breach of West Bromwich Mortgage Company mortgage policy if I rent out my house having informed that I intend to reside there. The aim is to redeem the mortgage after six years, by which time the property will be mortgage free, meaning I no longer require any consent to let. West Bromwich Mortgage Company advised me I can overpay as much as I like during the agreement. I have someone who is interested in renting the property. What checks do West Bromwich Mortgage Company do and what are the chances that they are likely to do this? Can you set out consequences of not obtaining consent to let? From what I have read there is a possibility of West Bromwich Mortgage Company jacking up the interest rate
  • My husband and I currently live in NYC and leasing out our property in the UK. This was unplanned but an opportunity arose and we took it. The rental income is insufficient to cover the mortgage so we transfer money each month to make up the shortfall. Earlier today our lender got in touch informing me that because the property is being let out and has been for almost two years we will have to pay 1.5% interest on top of our current mortgage rate. One option would be to sell the apartment but this will not be easy as I am on the other side of the world. Could we remortgage with West Bromwich Mortgage Company and get consent to let?
  • I am looking at moving abroad for work and would like consent to let from West Bromwich Mortgage Company whilst I am away. Is the way forward to prepare a letter requesting consent to let and send it off in the post to West Bromwich Mortgage Company? Letting the property isn't to make money but to keep the property in case things don't work out
  • If I were to apply for consent to let from West Bromwich Mortgage Company how much time does it take to get consent to let after you apply to West Bromwich Mortgage Company. ?
  • I am looking for some generic information on consent to let. I already have a mortgage in place with West Bromwich Mortgage Company. I have had approval to temporarily rent out my GFF from the managing agents and they asked for a copy of the consent to from West Bromwich Mortgage Company.
  • I am looking to get consent to let with my West Bromwich Mortgage Company residential mortgage. It is a detached house. Do West Bromwich Mortgage Company grant consent on this basis? Or would it be regarded as an HMO?