Need Help?

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

Examples of recent questions relating to Leek United BS consent to let

  • A few months ago I rented out my ground floor flat having obtained Consent to Let with my building society. Half a year has now gone by and they have loaded my interest rate as forewarned. I am unable to port to a more favourable product with them, as they will withdraw my consent to let. Were I to go with another mortgage provider for example Leek United BS, would I be required to apply for a B2L loan or could I simply refinance and obtain consent to let?
  • At the moment have a 5 year fixed rate home loan with Leek United BS that we're approximately 12 months into. Our situation has now altered and we wish to rent out our house for a year and move to another town. How do we minimise the risk of Leek United BS refusing to grant consent to let.
  • We have an existing mortgage with Leek United BS and wish to clarify if it would be possible to seek consent to let out our one bedroom ground floor purpose built flat in Enfield.

    The rationale for wishing to let out the property are as follows: -

    • Me and my wife will be moving to Hong Kong in 3 months.
    • By letting out the house this will enable us to make some savings to help the migration process.
    • There is little merit from a fiscal point of view to pay outright for a property which we are not residing in and by leasing out the place this would be viewed as continuing investment.

    If Leek United BS granted permission to us for renting we would propose some financial commitments which are as follows: -

    • Maintain paying the monthly mortgage payment directly from my bank account.
    • Use an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our forwarding address for when we relocate.
  • We have a standard variable mortgage with Leek United BS that we are having difficulty receiving consent to let due to being in New York and leasing the apartment from 2011 without their approval which was a mistake on our part. We have a 38% LVR and made overpayments of £500pm for five years so there are no arrears. We are willing to switch onto a BTL mortgage with Leek United BS at a higher rate yet that has not been offered to us.
  • I have a mortgage with Leek United BS and am considering letting it for three months while on holiday. Will Leek United BS consent to this?
  • I am looking at new mortgages and also exploring the possibility of renting the property in the future - Is there a fee with Leek United BS to obtain a consent to let and what are the criteria?
  • I have a standard mortgage with Leek United BS. I purchased the property in December this year. How difficult will it be to get consent to let.
  • Just a quick one. Will Leek United BS force me into a consent to let product while I'm in a fixed rate product for twenty four months?