Consent-to-let Help for Mansfield Building Society

Examples of recent questions relating to Mansfield Building Society consent to let

• My colleague intends to rent out his flat out in the absence of consent to let from his mortgage lender Mansfield Building Society. He has been on an interest only loan for about six years now. Currently owes £110k, having bought the flat for around £110k. In the absence of getting consent to let by Mansfield Building Society, exactly what sanctions does he risk?
• I intend to relocate to another property, I have been at my existing home for eighteen months. Is there a minimum time to spend at a property before Mansfield Building Society will give a consent to let?
• We have an offer accepted to buy a house, we have a deposit of between 20-25% for a standard mortgage with Mansfield Building Society. The one concern is we are due to go overseas in two months for work. We are going through our mortgage broker. She says if you tell this to the lender in advance you will need to get a buy to let. Do go ahead with residential mortgage with Mansfield Building Society, in a couple of months ask them if I can have consent to let? Otherwise, do we try and speak to Mansfield Building Society at this point and say there is a possibility we will move abroad in the future (I have not signed anything as yet to move abroad) and see if they confirm in advance that it should not be a problem
• I have found myself in the accidental landlord category and failed to inform Mansfield Building Society. I had to vacate my property for family reasons, so now rent in another part of the country. At first I attempted to sell the flat, but prices were low, which meant I was in negative equity. This was a couple of years ago in 2011, which has since seen the property price increase and has given me time to save. I am in now in a position where I can now convert to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Mansfield Building Society that I have been letting without consent to let? I appreciate that I shouldn’t have done what I did, but circumstances backed me into a corner. Any help will be greatly appreciated?
• I have a homeowner mortgage with Mansfield Building Society and require consent to let. What are the criteria and requirements that I need to be aware of in order to obtain consent?
• I am considering relocating with work and would need to rent my property out. I have a mortgage with Mansfield Building Society. My property is worth approx £250k and owe £57k on it. Do you think Mansfield Building Society increase my interest rate?
• I might be looking to let out my property and wondered what I would need to do to get consent to let by Mansfield Building Society. There is a possibility that I might be emigrating permanently.
• One year into a homeloan with Mansfield Building Society due to job offer.. need to move. Do you think I can get buy to let or consent to let.