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Need professional advice for your consent to let with Bradford & Bingley Limited? 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 Bradford & Bingley consent to lease

  • Is consent to let needed from Bradford & Bingley or can I lease out my property without telling Bradford & Bingley and having to convert to a B2L loan?

  • Next month I will be relocating to Hong Kong. As opposed to sell my house, I would like to lease it out, just in case things don’t go as expected. My existing mortgage is with Bradford & Bingley. If I applied for a remortgage would a new provider view this as me looking to avoid a Buy To Let mortgage, of which there is very little availability for 80% LTV, and hence turn down my request for Consent to Let?
  • I have my one bed flat in Wandsworth on the market but despite a few viewers there is a lack of interest so far. As a fall back position I am considering letting out the property if cant find a buyer. I dont foresee a problem getting consent to let from the freeholder. My mortgage adviser says that in such a situation I may be obliged to switch to a B2L mortgage yet I probably don't have sufficient equity. What's the worst that could happen if I were to retain the current Bradford & Bingley mortgage and rent out the flat without telling them As long as the mortgage is being paid in full and on time, why would they care or check?
  • Just contacting you on behalf of my cousin who has a mortgage with Bradford & Bingley. He wanted to find out if there is a charge for granting consent to let? He has been offered a job 95 miles away and would like to rent out his place in the meantime.
  • I am considering moving abroad for work and would like consent to let from Bradford & Bingley whilst I am away. Is the way forward to complete the consent to let form and mail it to Bradford & Bingley? Letting the property isn't to make money but to keep the property in case things don't turn out as well as we hope
  • My wife and I took out a mortgage with Bradford & Bingley a few months ago and although it's only a possibility we may have to relocate around next Spring and would like to be able to lease our property out. Would this be possible with a homeowner mortgage?
  • I am interested in more information regarding consent to let mortgages, potentially transferring our current mortgage with Bradford & Bingley across to a consent to let one.
  • Just a quick one. Will Bradford & Bingley force me into a consent to let product while I'm in a fixed rate product for twenty four months?