Need Help?

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.

Sample questions relating to Principality Building Society consent to let

  • I have been granted consent to let via Principality Building Society for a while now but they now wish to speak with me and I suspect their motive is to rid themselves of me. Are you able to assist?
  • My husband and I currently live in Hong Kong and leasing out our apartment in Merton. This was unplanned but an opportunity presented itself and we took it. The rental income is not enough to cover the mortgage so we send back money each month to make up the difference. Anyway this morning I got a letter in the mail from our lender informing me that because the property is being let out and has been for nearly four years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell the property but this will be far from easy as I am so far away. Would it be possible to remortgage with Principality Building Society and get consent to let?
  • Yesterday received a MIP from Principality Building Society for a three bedroom house. I have applied through Right to Buy. It is a 20 year mortgage. I am curious as to what is the main criteria Principality Building Society adopt in order to allow borrowers consent to let? Is consent to let based on the rental multiple on a property?
  • I are looking to let out our two bedroom second floor purpose built maisonette in Waltham Forest in the new year. I would like some suggestions on what I need to do. I've just moved our Principality Building Society mortgage to a fixed term and just need to understand what the procedure is if I plan to get consent to let.
  • I have a mortgage with Principality Building Society on a three year fixed term contract. I may have chance of a teaching post in Belgium in 6 months time. Am I eligible for consent to let from Principality Building Society were I to accept this job abroad?
  • How do I go about getting a consent to let application form from Principality Building Society and how quickly can I get the consent?
  • I am looking for some generic information on consent to let. I already have a mortgage in place with Principality Building Society. I have had approval to sublet my flat from the freeholder of the block and they asked for a copy of the consent to from Principality Building Society.
  • I have fixed rate mortgage with Principality Building Society. I am going have to let out my place due to necessity. Were I to apply for consent to let, will I have to pay significantly more interest?