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

Birmingham Bank consent to let: Q and A’s

  • For the last few months I have been letting out my flat in Croydon. I didn't apply for consent to let. I moved to Surrey for a job opportunity and couldn't do a commute but was nervous that Birmingham Bank would charge me silly money so I decided to take the risk. I'm hoping to legitimise it now... basically continue leasing it but with consent. What are my next steps?

  • Due to problems with the area we live in (it's rough!), we are keen to relocate. As selling the house will result in early repayment charges to Birmingham Bank of £5000, we thought that it would best to let it out. In the circumstances we need consent to lease from Birmingham Bank only 12 months. What can I do to get consent?

  • I've been with Birmingham Bank for about 2 years and have just renewed a fixed rate. The LTV is in the region of 45%. A situation has arisen whereby we must move into my mum’s home to look after her, it would make sense to let our house out - do I need to seek consent to let from Birmingham Bank and is it likely to be expensive?
  • My husband and I have a flat in Newham which we acquired as a new-build approximately twelve years ago. As we've now got a young son we are looking for a larger home. We've found a property in Westminster that we would like to buy and want to keep the flat as an investment to rent out. The mortgage is with Birmingham Bank and we've found a tenant who will pay rent in excess of the monthly mortgage payment. The question is, can we hold onto the repayment mortgage with Birmingham Bank so we effectively paying off our loan on the flat or do we have to swap to a buy-to-let product?
  • I took a homeowner mortgage with Birmingham Bank and with my circumstances changing significantly in the last three months, can I obtain consent to let. What changes will affect me?
  • When it comes to consent to let from Birmingham Bank am I obliged to inform them every time we get a new tenant and forward them a copy of the AST?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Birmingham Bank. My property is worth approx £250k and owe £57k on it. Do you think Birmingham Bank increase my mortgage rate?
  • Me and my husband spoken to someone at Birmingham Bank about changing our current mortgage to consent to let (the current fixed rate ends in june next year). Can I just confirm that I need to send a letter setting out our change in circumstance to Birmingham Bank? Where do I need to send the letter to?