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

Top Five Questions relating to Ecology Building Society consent to lease

  • We are presently one year into a year fixed rate mortgage with Ecology Building Society. Ideally we would like to purchase a larger second property in the coming months however would like to keep the first home and I was enquiring as to what reason we could put down on the consent to let form to obtain consent to from Ecology Building Society
  • Am I required to notify Ecology Building Society of my plan to rent a room out to a lodger. I have two spare rooms that could be used by lodgers and I was thinking that as the occupancy remains in keeping with that of the 'family' use of the property it might not require consent to let. Can you help clarify? I am taking independent advice on the insurance, legal and tax implications.
  • As we are relocating and failing to find a buyer for our property, we are mulling over letting it out. Is it necessary to inform Ecology Building Society? If we do, I think they will want to change our mortgage to buy to let and load the rate which we can't afford. I was hoping that if I continued paying on time it shouldn't be an issue, but am now concerned about insurance ramifications if I have let my property out on the sly. Any feedback?
  • Earlier this week I got a mortgage in principle from Ecology Building Society for a mid terraced house. I have applied through Right to Buy. It is a capital and interest mortgage. I wonder what is the main criteria Ecology Building Society adopt in order to grant borrowers consent to let? Is consent to let based on the rental amount for a property?
  • I would like to rent a room in my house in Islington. Do I need consent to let from my mortgage provider Ecology Building Society?
  • Will Ecology Building Society choose to exercise a right to convert the rates on a standard mortgage where Consent to Let at any time, onto ‘rates equivalent to their Buy to Let range'? Is it possible to remortgage on a consent to let with Ecology Building Society?
  • Can you explain the process for procuring consent to let by Ecology Building Society? Are there certain policies for example you must live in the property for over 6 or 12 months before its issued?
  • I am currently refinancing and exploring the flexibility of certain lenders when it comes to consent to let. Ecology Building Society is one of the mortgage companies I am considering. How accommodating are they are far as consent to let is concerned?