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

Questions and Answers: Coventry Building Society consent to let

  • I have a colleague who is talking about leasing their property out and moving in with partner. The property is in Barnet and has a £80k mortgage with Coventry Building Society. What would she need to do to get consent to let if she decides to move forward.
  • I own a garden flat but I am seldom there, deliberating the possibility of renting it out. My mortgage is with Coventry Building Society, would I have to change my mortgage product or ought I try to get consent to let?
  • I currently have a mortgage with Coventry Building Society and the loan to value is presently 45% with the Coventry Building Society current book value and I'm looking to purchase another property but do not want to sell my existing property at the current market value. I have consent to let from an alternative mortgage provider on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Coventry Building Society need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • I have a maisonette in Sutton which I purchased in 2007 and which I have since remortgaged with Coventry Building Society on a fixed rate which ends next February. If I want to rent out the property whilst I go travelling what do I need to do and is there a time limit? Are there any other financial repercussions when seeking consent to let?
  • Can I remortgage to Coventry Building Society from my existing provider, with a consent to let or do I need a let to buy homeloan, and if so what are the LTV's?
  • Would a previous extension to a mortgage term with Coventry Building Society be held against us once we sought consent to let from Coventry Building Society.
  • Me and my wife have had my home loan with Coventry Building Society since 2004 with no arrear If I asked for consent to let would it be granted?
  • Do Coventry Building Society respond positively to requests for consent to let? I am just considering this in order to move house in the the near future