Need Help?

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.

Sample questions relating to Ecology Building Society consent to let

  • I have a residential property but I am moving with my girlfriend to a different town for career reasons and moreover near her university. I would like to retain the house but it is unlikely that I can afford a buy to let rate. It will only be short term -two years until my girlfriend completes her degree and I can sell, or move elsewhere. My mortgage is with Ecology Building Society. Is there a chance I won't be approved for consent to let?
  • I've been with Ecology Building Society for just short of 2 years and have just re-fixed the mortgage rate. The loan to value is around 30%. We now must move into my elderly mother-in-law's flat to care for her, it would preferable to rent our house out - do I require consent to let from Ecology Building Society and is it likely to be expensive?
  • I am expecting to apply for consent to let from my existing mortgage provider Ecology Building Society. A colleague of mine said that she was granted ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an AST. Can you explain what this is?
  • I have found myself in the accidental landlord category and failed to inform Ecology Building Society. I had to vacate my property for work purposes, so now rent in another part of the country. I originally tried to sell the flat, but prices were deflated, resulting in negative equity. This was four years ago in 2011, which has since seen the property price increase and has given me time to accumulate savings. I am in now in a position where I can now transfer to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Ecology Building Society that I have been letting without consent to let? I am aware that I shouldn’t have done this, but circumstances left me with limited options. Have I committed a criminal offence?
  • I have recently got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger home. Will it be possible to get a consent to let on my new mortgage with Ecology Building Society to allow us to get a mortgage also with Ecology Building Society for a new home?
  • Where I have an existing homeowner mortgage with Ecology Building Society and am planning to rent it out in the future will I be given consent to let? What is the process and cost involved?
  • We have an cottage in our garden. Do we need consent to let this from Ecology Building Society? If so, what is the process if I would like to switch the mortgage to consent to let?
  • What happens if I have already let the property for some years as an HMO and now want to legalise the situation with Ecology Building Society by obtaining consent to let ? (work on the basis that Ecology Building Society had previously given a standard mortgage on it some time ago)