Need Help?

Need professional advice for your consent to let with Hanley Economic 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 Hanley Economic Building Society consent to let

  • I've got a current mortgage with Hanley Economic Building Society coming up to 18 months and the fixed rate is soon to expire. We are looking at taking equity from our current address to allow us to acquire a new larger house and then rent out the existing one bedroom apartment. We have had initial advice that we should get a new domestic mortgage allowing for consent to let - what does this mean?
  • I have my ground floor flat in Hillingdon on the market but notwithstanding a couple of viewings there is a lack of interest so far. As a backup option I am considering renting out the property if cant find a buyer. I dont think I will have a problem getting consent to let from the freeholder. My financial adviser says that in such circumstances I may need to switch to a B2L product yet the chances are that I don't have sufficient equity. What's my exposure if I was to retain the existing Hanley Economic Building Society home loan and rent out the flat without informing them. I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
  • Would a mortgage Early Redemption Charge be tax-deductible on Buy to Let flat? About twelve months ago I was going to apply for consent to let from Hanley Economic Building Society on my flat but I ended up changing lender to get a BTL mortgage. I had to pay an early repayment penalty as I was still in a fixed rate period.
  • My partner and I may be given an opportunity to work in a different office in the UK for a three months and would like to know if we can rent our existing property. It is a 2 year fixed rate and we are six months into the mortgage with Hanley Economic Building Society. We have lived at the property for over four years. The LTV is 80%. Are we likely to get consent to let from Hanley Economic Building Society? What can we expect in fees etc
  • I will have to move to Boston for a couple of years, I have a house with a Hanley Economic Building Society mortgage. Do I need to obtain consent to let? Will they be accommodating?
  • We have a fixed rate mortgage with Hanley Economic Building Society and are deliberating on obtaining consent to let so that we can apply for another mortgage on another property that I own on a buy to let basis. Ahead of applying it would be helpful to know the connotations of making the change and any facts that we need to consider.
  • Can you help with a question...if consent to let is given by Hanley Economic Building Society would it usually stipulate a time limit, such as 6 or 12 months?
  • I have a residential mortgage with Hanley Economic Building Society. I bought the property in July this year. What are the options and criteria for consent to let.