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.

Recently asked questions relating to Ecology Building Society consent to lease

  • I have just come off a call with Ecology Building Society and they tell me that they are now aware that I am letting out the garden flat despite having a normal mortgage. I needed to move two years ago for childcare reasons, couldn't sell and was left with little choice to rent out the property. Do you know what the implications might be for me not obtaining consent to let?
  • I previously took a mortgage with Ecology Building Society and the loan to value is presently 45% with the Ecology Building Society current book value and would like to purchase a further property but do not want to sell my current property at the current market value. I have had CTL from another lender on a previous property so know a bit about them and I also have buy to let with Scottish Widows on another property. Does the expected rental income on a consent to let with Ecology 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 18 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • Due to meet with my IFA on Friday. I will apply for Consent to Let from my current lender Ecology Building Society. My new property in Wandsworth will be 75% loan to value. Heard whispers that some lenders dont want consent to let customers and I may encounter difficulties regarding my new mortgage. Is there any truth in this?
  • My husband and I are looking to rent out our one bedroom apartment in Enfield in June. I would like some suggestions on what I need to do. I've just moved our Ecology Building Society mortgage to a fixed term and just need to understand the process and what information I'll need to get consent to let.
  • My partner and I would like to let out my home. Do I simply need to send a letter to Ecology Building Society requesting consent to let out the home?
  • Is it possible to negotiate a consent to let from Ecology Building Society if I have a current mortgage which has been in place for ten years?
  • I am currently in the process of applying for a mortgage through Ecology Building Society - There is a chance that in the within months I may decide to let out the property - how would I switch the 1st time buyer mortgage to a BTL mortgage?
  • I'm considering a remortgage offer with Ecology Building Society and it's likely I will end up asking for consent to let at some point in the fixed period. Are there any penalties I should that may be applicable?