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

Examples of recent questions relating to West Bromwich Mortgage Company consent to let

  • Next month I will be moving to Hong Kong. Rather than sell my house, I would like to lease it out, just in case things don’t go as expected. My existing mortgage is with West Bromwich Mortgage Company. If I applied for a refinance would a new provider see this as me seeking to avoid a Buy To Let mortgage, of which there is very little availability for 80% LTV, and therefore reject my request for Consent to Let?
  • I was just looking for guidance on whether I will be allowed to switch a residential mortgage with West Bromwich Mortgage Company to a consent to let. It will be less than 70% ltv and it would alter from capital and interest repayment to interest only?
  • My partner and I currently live in NYC and renting out our apartment in the UK. This was unplanned but an opportunity came up and we took it. The rental income is not enough to cover the mortgage so we send back funds each month to make up the shortfall. Yesterday our lender got in touch telling me that because the property is being let out and has been for almost two years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell the apartment but this will be difficult as I am so far away. Would it be possible to remortgage with West Bromwich Mortgage Company and get consent to let?
  • We took a mortgage out on a three bed flat in November however I will be working outside of commuting distance of Bromley for the foreseeable future but hope to find work closer in the long term. Given I have not had property long I will lose money if I sell and do hope to return to Bromley so would like to keep it. How likely are West Bromwich Mortgage Company to allow a consent to let and what is the procedure ?
  • I'm gathering some information on whether consent to let is something available to me? We have a West Bromwich Mortgage Company mortgage and are considering renting the property out for two years, but cannot really afford to convert to a buy to let mortgage. Is consent to let a viable option rather than to switching to a buy to let rate?
  • My wife and I are intending to change lender to West Bromwich Mortgage Company for a fixed rate but the likelihood is that I will need to rent the flat out for about one year. Do West Bromwich Mortgage Company consent to let on fixed rate mortgages and if so, what are the procedures.
  • Can I remortgage with West Bromwich Mortgage Company with consent to let if my fixed rate is reaching it’s end. Circumstances would not have changed.
  • Our West Bromwich Mortgage Company mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then apply for a consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.