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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.

Recently asked questions relating to Hanley Economic Building Society consent to lease

  • I obtained consent to let from Hanley Economic Building Society in 2011 but never used it and subsequently refinanced with another lender. I recently asked for consent to let. I was informed that it would be forthcoming since I met the criteria. Yet recently got a letter informing me that I must provide evidence from the DWP indicating that that are aware of my current situation before they can issue authorisation. They said this is policy but I have not been able to find these conditions on their site. I did complain about the inference that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £35 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • My mortgage is with Hanley Economic Building Society and wonder if I am obliged to disclose if we no longer live in the property. I believe that they may bump up the interest rate if we move and let it out but it's far from apparent what the change would be. If I decide to let my house out and seek consent to let how would the payments go up?
  • Our existing property in Sutton has approximately £80K equity with a home loan with Hanley Economic Building Society. It's a 3 bed house in a popular location and I think it would rent well. We are probably moving for my husband's work and were thinking of holding onto the house on as an investment property - would we need to change the loan to a B2L product or should we request consent to let from Hanley Economic Building Society?
  • I have found myself in the accidental landlord situation and didnt inform Hanley Economic Building Society. I had to leave my apartment for work reasons, so am now based in another part of the country. At first I attempted to sell the flat, but prices were low, which meant I was in negative equity. This was a couple of years ago in 2012, the value has gone up and has given me time to save. I am in now in a position where I could convert to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Hanley Economic Building Society that I have been letting without consent to let? I appreciate that I shouldn’t have done what I did, but circumstances left me with limited options. Have I committed a criminal offence?
  • When it comes to consent to let from Hanley Economic Building Society am I supposed to update them each time we get a new tenant and send them a duplicate of the AST?
  • My work commitments are changing and this could result in mebe in different locations a lot and as a result I wish to get to grips with the procedure for applying for consent to let with Hanley Economic Building Society
  • I have a granny flat attached to our home. Do we need consent to let this from Hanley Economic Building Society? If so, what is the process if I need to transfer my mortgage to consent to let?
  • I need to contact Hanley Economic Building Society to enquire about leasing out my flat. Will they send an application to me. Is there a form I can download?