Need Help?

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

Sample questions relating to Dudley Building Society consent to let

  • I am currently in the process of emigrating to Germany . As opposed to finding a buyer, I would prefer to let my existing property out, just in case things fail to work out and I decide to return within a couple of years. I have a current mortgage is with Dudley Building Society. Would I be able to refinance with another mortgage provider on a much lower interest rate then apply for Consent to Let after the re mortgage is in place?
  • I have a residential loan with Dudley Building Society. I would like to purchase a second property and my financial adviser recommended I apply for a consent to let. I was under the impression that they only accept the consent to let if I have the intention to move back into my current property. Your view would be appreciated?
  • I have a flat in Harrow with a Dudley Building Society mortgage but have not lived there for a while. My dad moved in but pays no rent. I currently live in rented accommodation and am looking to purchase a house. I have come across a great property at an attractive price. I have sufficient for a deposit to put down on the house I am interested in but would find it difficult to pay enough off the old property to switch it to a BTL loan simultaneously. Can I transfer the current Dudley Building Society mortgage for my old property into a consent to let and use my reserves to pay a larger deposit for the domestic mortgage on the property that I want to buy?
  • Approximately twelve months ago I vacated my property in a hurry and let out the property. I know I should have obtained consent to let by Dudley Building Society but was not sure what my plans were and I simply forgot about it. I'm now in the position where I want to sell that house and port the Dudley Building Society mortgage to a new property. I can't see a path to do this without finding myself at the behest of Dudley Building Society for not seeking consent to let. When switching, at the time of selling, you must declare your intention to "port the rate" and endure a new set of affordability checks. While I have no difficulties with affordability, the credit check will show I no longer resident at the property.
  • I have a homeowner mortgage with Dudley Building Society and require consent to let. What are the criteria and requirements that I need to be aware of in order to obtain consent?
  • I am looking to place my house on rent due to work commitments and was wondering if this is possible to get consent to let. It is on a fixed rate mortgage with Dudley Building Society at the moment until 2018 November
  • Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some people to exploit?
  • Do you know if there is normally a required loan to value amount before Dudley Building Society will give consent to let?