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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.

Furness Building Society consent to let: Q and A’s

  • My property recently got consent to let on a domestic mortgage with Furness Building Society with a view to switching to a buy-to-let rate when the fixed rate expires within the four months, so I'm unclear if this adds to the complexity of the issue! Any information gratefully appreciated.
  • My husband and I have a fixed mortgage with Furness Building Society (with just over two years left) but due to redundancy want to move away from London (actually to a new job in Belgium) and so want to lease the property out. We don't want to have the expense of the penalty cancellation of existing mortgage and understand that some lenders happily provide this 'consent'...what is the policy adopted by Furness Building Society?
  • I understand that this is a breach of Furness Building Society mortgage policy if I let out my house having informed that I intend to live there. The hope is to have the mortgage fully paid off after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Furness Building Society advised me I can overpay as little as I like during the agreement. I know someone who wants to rent the property. What checks do Furness Building Society do and what are the chances that they are likely to do this? What are the ramifications of not obtaining consent to let? From what I have read there is a possibility of Furness Building Society insisting that the property to be sold (however it seems generally accepted is that this doesn't occur and adding fees even backdating is more likely)
  • Just a quick question as a bit in the dark and wondering whether Furness Building Society perform any checks when seeking a homeowner mortgage, I'm ideally looking to lease the property out and am unsure as to whether I should apply for consent to let. How likely are they to find out if I lease the house out?
  • I currently have a mortgage with Furness Building Society. I am considering renting and purchasing another property but this is all new to me. What is the procedure for consent to let?
  • My Furness Building Society mortgage rate finishes next June can I switch to a interest only with consent to let?
  • Where I have an existing residential mortgage with Furness Building Society and am planning to rent it out in the future will I be issued with consent to let? What is the process and what needs to be done next?
  • I have an cottage in our garden. Do we need consent to let this from Furness Building Society? If so, what is the process if I would like to switch the mortgage to consent to let?