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

Top Five Questions relating to Saffron Building Society consent to lease

  • Under what circumstances will consent to let for a property be granted by Saffron Building Society? How long do you have to have had the mortgage before consent to let can be granted by Saffron Building Society? By way of background we are going abroad for a year and a half with my wife’s work and will need to rent our property. I am interested in getting a consent to let in the first instance with a view to put a tenant in it to cover the costs of the Saffron Building Society mortgage.
  • I have a home loan with Saffron Building Society on a property and I would like to let it out and rent another property due to changes in personal circumstances - I want to move to a different area, and to live in a bigger property with my fiance. I applied for consent to let and recently got reply with a refusal because they considered that I want to invest. I dont know what to do next. The process has put me at risk since I already have rented a new house and would have to pay both Saffron Building Society and rent, which could put me at financial risk. The matter is urgent as a potential tenant is waiting
  • As we are relocating and failing to sell our house, we are considering letting it out. Is it necessary to advise Saffron Building Society? I have a hunch that Saffron Building Society might change our terms. I was thinking that as long as I continued paying on time it shouldn't be a problem, but am now concerned about insurance implications if I have let my property out on the sly. Any advice?
  • I have a mortgage with my partner on our house which is up for renewal 21st July. I am having to relocate to Oxford with work in January. What are the chances of being able to move to a consent to let mortgage with Saffron Building Society?
  • We have already been told to write a letter to Saffron Building Society to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • I am considering renting out my property obtaining consent to let from Saffron Building Society, what fees are likely to be incurred?
  • What are the circumstances under which Saffron Building Society would turn down a consent to let application?
  • I am fixing my residential mortgage with Saffron Building Society but due to work related issues I might have to live abroad for a couple of years. Will Saffron Building Society allow and give consent to let and there be any penalty