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Need professional advice for your consent to let with Holmesdale Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

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

  • What is the procedures for obtaining consent to let from Holmesdale Building Society? What information do they ask for? is there a fee to pay? Is consent generally limited in time and if so, for how long? Do I need to renew it annually? What if I obtain a consent but decide not to lease out the property?
  • My OH and I are looking to apply to Holmesdale Building Society for consent to let on our current residential property in Hounslow. I am planning to draw down equity from my existing property before doing so, and using that money to purchase a second residential property. I will live in that house whilst doing it up for nine months at which point the intention is to sell it then move back to my existing house. Is this something Holmesdale Building Society will consider consent to let for or does this fall outside the standard criteria?
  • My husband and I are planning to make use of equity in my current house to acquire another property which I intend to live in whilst I refurbish. My preference is to rent my existing property with the Holmesdale Building Society mortgage. Is it likely that I would be granted consent to let? House is valued at £350 k with a £150k mortgage in place.
  • I have found myself in the accidental landlord situation and without consent to let from Holmesdale Building Society. I had to vacate my apartment for work reasons, so now rent in another part of the country. At first I attempted to sell the flat, but prices were low, resulting in negative equity. This was three years ago in 2011, which has since seen the property price increase and has given me time to accumulate savings. I am in now in a position where I could transfer to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Holmesdale Building Society that I have been letting without consent to let? I appreciate that I shouldn’t have done this, but circumstances forced my hand. Can I change to a BTL without Holmesdale Building Society knowing what I’ve done?
  • I would like to let my house which is on a standard variable rate mortgage with Holmesdale Building Society. What do Holmesdale Building Society require for me to do to get consent to let?
  • I would like to know the criteria for consent to let from Holmesdale Building Society and anysupplementalcosts involved. I've moved in with my partner and have a family member renting from me.
  • My OH and I have a consent to let letter that I have obtained from my management company. I would think I need to send this with a letter to Holmesdale Building Society with a view to obtaining consent to let from them. What address shall I post it to?
  • I would like to know whether Holmesdale Building Society would have an internal record as to whether consent to let was granted for a specific property?