Need Help?

Need professional advice for your consent to let with Furness 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 Furness Building Society consent to let

  • I have a residential mortgage coming up for renewal with Furness Building Society. The property has been sub-let for a two years and I think I need to come clean toFurness Building Society. My understanding is that I should seek consent to let, but since the property has previously been let out for a considerable time could they refuse - insist I go onto a BTL product and even apply a penalty? There is excellent equity - 30% LTV and have never missed any payments.
  • Please can you give me some more detail on what the process is for applying for content to let, what do I need to do. I am thinking about taking a Furness Building Society mortgage on a £350,000 property Springnext year. The aim would be to hold the house as a second home but I would like to know what options there are to let the property in the future. If our circumstances were to change the house would either be sold or rented.
  • In what situations will consent to let for a property be issued via Furness Building Society? For what period of time do you have to have had ownership of the property before consent to let can be granted by Furness Building Society? In order to give you some perspective:We were living in a very small apartment which is too small for us, my husband is also unwell and we are far away from family who could offer us a bit of relief, in the form of babysitting. I am looking at procuring consent to let initially in order to put a tenant in it to cover the expense of the Furness Building Society mortgage.
  • I am purchasing a ground floor flat in Lambeth. My plan is to be there for nine months, and then move into a bigger apartment. Rather than sell the first home I would like to rent it out so that it form part of my investment portfolio. Do you know if Furness Building Society would grant consent to let after half a year?
  • I am trying to find out Furness Building Society fees for conversion to consent to let from a fixed rate residential mortgage?
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a half year rule before consent to let - does this apply to all lenders. Is there any way Furness Building Society would grant consent to let from the start?
  • We took out a mortgage with Furness Building Society a few months ago and although it's a long way off we may have to relocate around next Spring and would like to be able to lease our property out. Is this possible with a homeowner mortgage?
  • I need to contact Furness Building Society to enquire about leasing out our property. Will they send a document to me. Can I not get this from the site?