Need Help?

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

Sample questions relating to Mansfield Building Society consent to let

  • For two years now I have been with Mansfield Building Society and have just renewed a fixed rate. The LTV is in the region of 45%. A situation has arisen whereby we must move into my elderly mother-in-law's bungalow to look after her, it would preferable to lease our house out - do I require consent to let from Mansfield Building Society and is it likely to cost much?
  • I previously took a mortgage with Mansfield Building Society and the loan to value is currently 45% with the Mansfield Building Society current book value and would like to buy another property but do not want to sell my existing property at the current market value. I have consent to let from NRAM on a previous property so know a bit about them and I also have buy to let with Accord on another property. Does the expected rental income on a consent to let with Mansfield Building Society need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 18 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • My gf and I might have to lease out her apartment, and I have a question regarding obtaining consent to do so. I know I need to inform Mansfield Building Society and get a consent to let or change to a BTL mortgage. But the property is leasehold, so do we have to get consent to let from the management company?
  • My understanding is that this is a contravention of Mansfield Building Society mortgage policy if I let out my house having indicated that I intend to reside there. The intention is to repay the mortgage after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Mansfield Building Society advised me I can overpay as little as I like during the agreement. I know someone who wants to rent the property. What checks do Mansfield Building Society do and what are the chances that they are likely to do this? What are the ramifications of not getting consent to let? From what I have read there is a possibility of Mansfield Building Society transferring the loan onto a BTL mortgage
  • My OH and I were enquiring if it's possible if you own one property with consent to let from Mansfield Building Society, to buy a second with a homeowner mortgage to live in. Then once the consent expires on the first property, to change to buy to let or sell it?
  • I would be interested to know what information I should include in a letter asking for consent to let my house in Hounslow? I would like to send a request to my mortgage provider Mansfield Building Society.
  • I want to apply for consent to let from my lender Mansfield Building Society to let out my flat. . Can you tell me if Mansfield Building Society give consent to let in this scenario?
  • I wish to get consent to let from Mansfield Building Society for two years until I can turn it into a B2L. Is this possible