Consent-to-let Help for Saffron Building Society

Saffron Building Society consent to let: Q and A’s

• I am employed by a letting agency in loc and a potential tenant for the house has demanded sight of the ‘consent to let’ from the owners lender Saffron Building Society. Is this a new type standard inquiry?

• I am about to join the property ladder interested in a terraced house in Saffron Building Society. I have a good size deposit with a mortgage from Saffron Building Society. My dilemma is that my fiancee inherited a apartment in Nuneaton and I can foresee myself moving in next year, at which point I would have to let out my house. I have heard of consent to let but it does not sound like there is any certainty. Can you offer any advice?

• Much to my surprise I have just been presented with an excellent career opportunity for 9 months in Denmark. I have enough cash reserves to pay the monthly Saffron Building Society mortgage yet the block insurance stipulates that the property must be occupied in order to be valid. Last winter the roof had some leaks that were repaired. Should there be any problems during the winter months I would struggle to cover the repair costs. Will I qualify for consent to let by Saffron Building Society for a limited period?
• I understand that this is a breach of Saffron Building Society terms and conditions of mortgage if I let out my property having indicated that I intend to reside there. The hope is to have the mortgage fully paid off after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Saffron Building Society advised me I can overpay as much as I like during the agreement. I know someone who is interested in renting the property. What are the chances of Saffron Building Society discovering that I am not residing at the address? Can you set out connotations of not seeking consent to let? From what I have read there is a possibility of Saffron Building Society insisting that the property to be sold (however it seems generally accepted is that this is unlikely to happen and adding fees even backdating is more likely)
• My marital situation has changed, and I would like to lease my home out - meaning consent to let- I have about £140K loan with Saffron Building Society and currently 90k equity I need to side-step the redemption penalties.
• If I am tied into a fixed rate with Saffron Building Society but am thinking of letting out my property, is there a charge for consent to let from Saffron Building Society and does the interest rate alter?
• My job is now requiring mebe in different locations every month and as a result I wanted to understand the process for getting consent to let with Saffron Building Society
• Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some people to exploit?