Need Help?

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

Frequently asked questions relating to Ipswich Building Society consent to lease

  • I am currently in the process of emigrating to Moscow . As opposed to sell up, I would prefer to lease my existing property out, just in case things turn sour and I decide to come back within a couple of years. I have a current mortgage is with Ipswich Building Society. Would I be able to remortgage with another mortgage lender on a much lower interest rate then apply for Consent to Let after the refinancing is in place?
  • My friend has rented her property off the same landlord for nearly 18 months. For the past year my friend has been receiving letters from Ipswich Building Society (she hasn't opened them-it is clear from the envelope). To begin with she reposted them to her landlord’s address. My suspicions were aroused as none of her landlord’s post was meant to be going there. I decided to go to my friends house and called Ipswich Building Society on her behalf. The guy I spoke to at Ipswich Building Society had a long list of questions, the landlady's name her current address, the tenant's name and then said they were going to look into whether she could legallylet out the property or if it was an offence with no consent to let. Should my friend be concerned?
  • I took out a domestic mortgage with Ipswich Building Society last October and then had to relocate for work, I am now considering letting my apartment out on a short term basis whilst I am abroad. What are my chances of obtaining consent to let from Ipswich Building Society, and what effect would this have?
  • I am looking for our family to move to give us all more space. We are planning to purchase another house in a few years time. The house was valued at £240,000 and we have about £55k left to pay on the Ipswich Building Society mortgage. We would prefer to keep this house as an investment property and rent it out with consent to let. Can you have a mortgage on two properties at the same time or do we first need to redeem our existing mortgage?
  • I am looking at moving abroad for work and would like consent to let from Ipswich Building Society whilst I am away. Is the way forward to prepare a letter requesting consent to let and mail it to Ipswich Building Society? Letting the property isn't to make money but to keep the property in case things don't work out
  • How easy is it to obtain a consent to let from Ipswich Building Society and what does it cost? If I want to let out my property for three months how simple is it to chop and change between a standard mortgage and consent to let?
  • What is the process for procuring consent to let from Ipswich Building Society? Is there specific requirements like you have to have owned the property for a year before its issued?
  • Was wondering how to seek a consent to let from Ipswich Building Society who I have a mortgage with. There is a remaining balance of 47k. The value of flat is 110k. Its in my name but my wife and I would like to purchase a garden flat in Hillingdon we have seen together. How do we go about this?