Consent-to-let Help for Ecology Building Society

Recently asked questions relating to Ecology Building Society consent to lease

• I have a colleague who is thinking about leasing their property out and moving in with partner. The property is in Sutton and has a £80k mortgage with Ecology Building Society. What would she need to do to get consent to let if she decides to move forward.
• I would like to buy a second house having recently bought a garden flat on domestic mortgage. Looking to purchase in a few months time. I have been advised that I may have to get a consent to let from Ecology Building Society, my existing mortgage provider? What is the best way to go about this and get the permission needed.
• We have an existing mortgage with Ecology Building Society and need clarify if it would be possible to gain consent to let out our ground floor flat in Bromley.

  The reasons(s) for wanting to find tenants for the property are are due to: -

  • Me and my wife will be migrating to Hong Kong next spring.
  • By letting out the property this will enable us to make some savings to help the migration process.
  • It would be pointless from a fiscal point of view to pay outright for a property which we are no longer living and by renting out the home this would be considered as continuing investment.

  If Ecology Building Society agreed that we are able to proceed with renting we would suggest some financial commitments to include: -

  • Continue to pay the monthly mortgage payment by standing order.
  • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Supply our contact details for when we move.
• I have a mortgage with my fiance on our apartment which is up for renewal 17th December. I am having to relocate to Bristol for my Job in next month. What are the chances of being able to transfer for a consent to let mortgage with Ecology Building Society?
• We are one year into a three year first time buyer mortgage with Ecology Building Society. Just enquiring whether it's ok to rent out the flat on my existing home loan. Will Ecology Building Society give consent to let?
• The prevailing mortgage is with Ecology Building Society, but I am going to move out for around a year as we need to be nearer to my partner's mother. Will Ecology Building Society grant consent to let?
• Are you able to clarify what the process would be if we bought a new house and need to obtain consent to let for our existing mortgage with Ecology Building Society
• Me and my partner am looking into the option of letting out my property with consent to let from Ecology Building Society whist away travelling for four months