Need Help?

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.

Sample questions relating to Saffron Building Society consent to let

  • I have a shared ownership home in Tower Hamlets and will be looking to buy out the rest of the property. However, within the next six months I may be working in Canada for a short period of time so would like to know what approach Saffron Building Society take to consent to let as I am considering a remortgage with them. I am not sure if a mortgage can be obtained on my property but as an aside can you provide further detail on their consent to let policy?
  • My granddaughter is going to work overseas for twelve months and would like to lease her property out. She has a Saffron Building Society fixed rate mortgage on repayment and wants consent to let the property as well as transfer to interest only. What does she need to do?
  • For a variety of reasons I am planning to move in with my girlfriend next week and I have let my property out to 2 students on a twelve month AST. I am now applying for consent to let from Saffron Building Society but what if they refuse. I can’t renege on my contract in terms of not renting the students as the paperwork is finalised. On the flip-side Saffron Building Society could take me to court for contravention of contract i.e. renting it out in the absence of consent to let.
  • I am just about to receive a mortgage offer from Saffron Building Society for a freehold house. I have applied via a broker. It is a capital and interest mortgage. I wonder what is the main criteria Saffron Building Society adopt in order to allow borrowers consent to let? Is consent to let based on the rental yield of a property?
  • I am looking for information on what are acceptable reasons for leasing a property when it comes to seeking consent to let from Saffron Building Society? Are you able to help?
  • I am interested in more information regarding consent to let mortgages, potentially moving our existing mortgage with Saffron Building Society across to a consent to let one.
  • Is there a time limit on a consent to let from Saffron Building Society? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?
  • Are you able to advise me how much the fees are and if Saffron Building Society usually grant consent to let without changing to a commercial rate?