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.

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

  • I'm looking to apply to Saffron Building Society for consent to let on my existing residential property in Camden. I am planning to draw down equity from my existing house before doing so, and making use of that money to buy a second residential property. I will move into that house whilst renovating it for 6 months at which point the intention is to sell it then move back to my current house. Is this something Saffron Building Society will consider consent to let for or is that out of their criteria?
  • As we are relocating and unable to find a buyer for our property, we are mulling over letting it out. Am I required to disclose this to Saffron Building Society? If we do, I think they will want to change our mortgage to buy to let and load the fees etc which we can't afford. I thought if you continued paying on time it shouldn't be an issue, but am now nervous about insurance ramifications if I have let my property out on the sly. Any thoughts?
  • My fiance have a fixed rate mortgage with Saffron Building Society for 2 yrs and have been living in the apartment for just under half a year. Due to work I need to relocate so I would like to rent the place out. What is the best way to go about getting consent to let from Saffron Building Society?
  • We are currently in Dubai and leasing out our apartment in the UK. This is not something we planned but an opportunity came up and we took it. The rent we make on the flat is not enough to cover the mortgage so we transfer funds each month to make up the shortfall. Last week our lender got in touch telling me that because the property is being let out and has been for nearly four years we will have to pay 1.5% interest on top of our current mortgage rate. One option would be to sell the apartment but this will be difficult as I am so far away. Would it be possible to remortgage with Saffron Building Society and get consent to let?
  • When it comes to consent to let from Saffron Building Society am I obliged to inform them every time we get a new tenant and send them a copy of the tenancy?
  • I took a domestic mortgage with Saffron Building Society - 55% equity or thereabouts. I am considering relocating for another job and was curious if Saffron Building Society are flexible in changing the mortgage to allow for consent to let?
  • I am after more information in relation to consent to let mortgages, potentially moving our current mortgage with Saffron Building Society over to a consent to let one.
  • Me and my fiance and I have 5 months to left on a 2 year residential mortgage with Saffron Building Society but now rent the house out. Can I assume they will just charge a flat fee for consent to let?