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.

Recently asked questions relating to Ipswich Building Society consent to lease

  • We have a fixed rate mortgage with Ipswich Building Society. This has been in place since 2009. We are considering letting out our house and renting in a village near our son's school until a suitable property becomes available to buy. Do Ipswich Building Society usually grant consent to let and if so, are there any financial implications?
  • I have a normal mortgage with Ipswich Building Society and will be joining the Royal Fleet Auxiliary in August. This is a civilian manned fleet owned by the Ministry of Defence. I will be at sea four months on and three months in the UK. During my time away I want to let out my property in Camden and live with my parents when on shore. I am confident that my rental income would cover my monthly repayments. Can you help?
  • Ealing residence valued at £275,000. Remaining home loan of £30k with six years left. Apply for consent to let from Ipswich Building Society for current property and utilise rent to pay off remaining of the loan. Apply for 65 % Ipswich Building Society loan on further property that I will consider to be my main residence? Can this be done?
  • We have a flat in Croydon which we purchased as a new-build just over eight years ago. As the family is growing we need more space. We've found a property in Wandsworth that we're going to buy and want to keep the flat as an investment to rent out. The mortgage is with Ipswich Building Society and we've found a tenant who will pay rent in excess of the monthly mortgage payment. Our question is, can we keep the repayment mortgage with Ipswich Building Society so we effectively paying off our mortgage on the property or do we have to swap to a buy-to-let mortgage?
  • Were I to let my house out with consent to let from Ipswich Building Society will will theyjack up the interest rate? I am presently on a fixed rate for two years.
  • As of today I have a mortgage with Ipswich Building Society. I am considering renting and buying another property but this is all new to me. How do I apply for consent to let from Ipswich Building Society and what happens within the process?
  • I have a residential mortgage with Ipswich Building Society, and I would like to lease the flat out, until I decide whether to sell or retain it as an investment. As things stand I am on the fixed rate. Will I need to remortgage? I.E. buy to let?
  • My wife and I have three months to remaining on a two year residential mortgage with Ipswich Building Society but now lease the property out. is it safe to assume they will just charge a set fee for consent to let?