Need Help?

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

Frequently asked questions relating to Chesham Building Society consent to lease

  • My wife and I may need to rent out our Waltham Forest home temporarily due to a career opportunity. This will be for a limited period but possibly for as long as seven years. Must I notify Chesham Building Society or do I remain silent?

  • Under what scenarios will consent to let for a property be issued via Chesham Building Society? For what period of time do you have to have had ownership of the property before consent to let can be negotiated with Chesham Building Society? By way of background:We were living in a very small 1 bedroom flat which is too small for our family, my husband is also unwell and we are far away from family who could offer us a bit of relief, in the form of babysitting. I would be looking at obtaining consent to let in the first instance with a view to renting the property out to offset the expense of the Chesham Building Society mortgage.
  • In the coming months I am looking to move house and I am enquiring if I can get consent to let on my property then get a mortgage approval for the new house so I can put in an offer thus being chain free and then rent my property out when I move. Will my lender Chesham Building Society grant consent to let for 12 months if they know I am looking to buy a further property or only if I am relocating short term for career reasons?
  • I have a current mortgage contract with Chesham Building Society and need clarify if it would be possible to obtain consent to let out our maisonette in Waltham Forest.

    The purpose for wanting to find tenants for the property are are due to: -

    • My wife and I will be migrating to Melbourne next spring.
    • In letting out the house this will facilitate savings to support the migration process.
    • It would be pointless from a financial perspective to pay outright for a property which we are not residing in and by letting out the home this would be viewed as continuing investment.

    If Chesham Building Society agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

    • Maintain paying the monthly mortgage payment directly from my bank account.
    • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our forwarding address for when we emigrate.
  • The prevailing mortgage is with Chesham Building Society, but I will soon to need move out for around 12 months as we need to be closer to my wife’s mum and dad. Will Chesham Building Society issue consent to let?
  • I am looking for some generic information on consent to let with Chesham Building Society: I am moving to Amsterdam for work. This might be for a number of years. That being said I will be on a six month test period .I'm wanting to know the criteria for consent to let from Chesham Building Society and what charges are involved
  • I took a domestic mortgage with Chesham Building Society, and I would like to lease the flat out, until I decide whether to sell or retain it as an investment. At the moment I am on the standard variable rate. Will I need to move onto a new mortgage? I.E. BTL?
  • We would like to obtain consent to let on a house where we have a mortgage with Chesham Building Society. If issued, how long would consent be given for? In asking for consent to let from Chesham Building Society are we running the risk of them forcing us to change deal to B2L