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

Chelsea Building Society consent to let: Q and A’s

  • Bottom line - if worst comes to the worst what action Chelsea Building Society can take if I have Sublet my flat without consent to let?

  • I have had consent to let via Chelsea Building Society for a while now yet they now want to speak with me and I suspect their agenda is to get rid of me. Can you help?
  • I have a maisonette but I am seldom there, deliberating the option of renting it out. The mortgage is with Chelsea Building Society, would I have to convert my mortgage product or ought I try to get consent to let?
  • I am looking for some initial feedback to consider if consent to let is a viable option. I completed the purchase of my flat 6 months ago by porting an existing Chelsea Building Society mortgage product. My fixed rate ran out four months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Chelsea Building Society, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to switch to a buy to let mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to come up with extra capital to satisfy the 65% LTV ratio required for a BTL loan. Ideally I would like to receive consent to let from Chelsea Building Society for a couple of years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • We have a consent to let letter that I have obtained from my management company. I would think I need to send this with a letter to Chelsea Building Society with a view to seeking consent to let from them. What address shall I mail it to?
  • We are close to purchasing a property and plan to live in it once we have renovated but we may need to let the property out but not clear on what the criteria is for consent to let from Chelsea Building Society? We don't require a buy to let mortgage because we are not certain if we will need to let it out at all
  • I was just enquiring if Chelsea Building Society were picky when considering consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • Do you know if there is usually a required loan to value amount before Chelsea Building Society will give consent to let?