Consent-to-let Help for West Bromwich Building Society

Recently asked questions relating to West Bromwich Building Society consent to lease

• Me and my partner are presently one year into a year fixed rate mortgage with West Bromwich Building Society. We would like to purchase a larger 2nd property in the next year however would prefer to keep the first house and I was enquiring as to what reason we could put down on the consent to let form to obtain consent to from West Bromwich Building Society
• We may be presented with an opportunity to work in a different office in the UK for a few months and wish to know if we can lease out our current property. It is a two year fixed rate and we are four months into the mortgage with West Bromwich Building Society. We have lived at the property for more than five years. The LTV is 70%. What are the chances of obtaining consent to let from West Bromwich Building Society? What can we expect in fees etc
• We have a flat in Bromley which we purchased off-plan about seven years ago. As we've now got a young son we are looking for more space. We've found a house in Sutton that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with West Bromwich Building Society and we've found a tenant who will pay rent which more than covers the monthly mortgage amount. My query is, can we hold onto the repayment mortgage with West Bromwich Building Society so we effectively paying off our mortgage on the flat or do we have to swap to a buy-to-let product?
• Yesterday got a decision in principle from West Bromwich Building Society for a freehold property. I have applied via a broker. It is a capital and interest mortgage. I wonder what is the main criteria West Bromwich Building Society adopt in order to allow borrowers consent to let? Is consent to let based on the rental amount for a property?
• I have a mortgage with West Bromwich Building Society and am considering letting it for six weeks while on holiday. Will West Bromwich Building Society consent to this?
• I don't currently have consent to let from West Bromwich Building Society but I would like to apply, I am looking at working away for eighteen months. But want to keep my home for my return - can you help?
• West Bromwich Building Society - consent to let potential. Can you advise on the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
• Is there discretion in the accepted equity amount before switching from an existing West Bromwich Building Society mortgage to a consent to let?