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

Common questions relating to Principality Building Society consent to lease

  • I have a residential mortgage nearing renewal with Principality Building Society. The property has been sub-let for a two years and I think I should informPrincipality Building Society. I understand that I must apply for consent to let, but since the property has previously been let out for a considerable time could they decline - force me to go onto a BTL product and even apply a penalty? I have over 25% equity in the house - and the rent will more than cover the mortgage.

  • We just obtained consent to let from Principality Building Society. After some effort, Principality Building Society have issued me with ‘consent to let’ confirmation . The conditions attached to the consent refer to an assured shorthold tenancy. Can you explain what this is?

  • Following retirement last month I acquired a “retirement home” for my wife and myself to move to. Our intention is to let our current property to our grandson and I have consequently contacted Principality Building Society for consent to let. Do you think this is likely to be granted?
  • Is it correct that mortgage companies (I have a mortgage with Principality Building Society) may start taking a more relaxed approach towards consent to let? A mortgage adviser suggested that BTL mortgages are not regulated by the FCA whereas residential mortgages are. So if I move from a standard to a Buy to let I am moving to a regulated product. He said that under the current regulation lenders are wary of letting borrowers do this, which may explain why some lenders will allow customers obtain consent to let but not transfer to a BTL product. Is he an accurate assessment?
  • I currently have my mortgage with Principality Building Society and have been for the previous twenty months and I am interested in finding out some more information about the possibility of getting 'consent to let’.
  • I am interested in some guidance on how best to approach my mortgage lender Principality Building Society regarding a 'Consent-to-Let' application. Is this a task you can assist me with ?
  • I have a mortgage with Principality Building Society but am wanting to rent my house out and move in with my GF and baby what would I have to do to obtain consent to let?
  • Me and my husband spoken to someone at Principality Building Society about changing our existing mortgage to consent to let (the existing two year fix ends in summer next year). Can I just confirm that I need to formally put the request in writing setting out our change in circumstance to Principality Building Society? Where do I need to post it to?