Need Help?

Need professional advice for your consent to let with Scottish 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 Scottish Building Society consent to let

  • My lender has placed me in a difficult predicament with a Consent to Let home loan. Having sought consent to let my lender has asked me to provide them with an executed Assured Shorthold Tenancy as a prerequisite to granting consent. If I get a signed tenancy agreement would I not be breaching the terms of my existing mortgage?

  • I'm currently stuck in a rental contract until June and am buying a flat. Would my mortgage provider Scottish Building Society object to granting consent to let until my tenancy is up and then moving in?
  • Given we are relocating and failing to sell our property, we are considering renting it out. Am I required to advise Scottish Building Society? I am concerned that Scottish Building Society might change our terms. I was hoping that if I continued paying on time it shouldn't be an issue, but am now concerned about insurance consequences if I have let my property out on the sly. Any feedback?
  • The likelihood is that I will have the opportunity to work overseas in a couple of years. I am therefore considering downsizing to a newer property in Barnet which I could rent out with less difficulty as and when required. I would aim to retain half the equity in the new apartment which would be my home for a while. My current mortgage provider will only issue consent to let for 12 months. I anticipate renting it out longer term and not informing them could result in a whole host of trouble. B2L seems wrong when I will be living there, perhaps for 2-3 years initially. What product do I ask for, and from which lender? Do lenders such as Scottish Building Society provide consent to let for more than a year?
  • As of today I have a mortgage with Scottish Building Society. I am considering renting and buying another property but this is all alien to me. How do I apply for consent to let from Scottish Building Society and what are the steps within the process?
  • I am looking to get consent to let with my Scottish Building Society residential mortgage. It is a detached house. Will Scottish Building Society grant consent on this basis? Or would it be regarded as an HMO?
  • Last month I completed my mortgage with Scottish Building Society since when my boyfriend has proposed and we are deciding whether to live in his house or mine. Would I be issued consent to let if I decided to move in with him
  • I am looking at an offer to work overseas and have been advised that I need to let Scottish Building Society know so my mortgage is under consent to let? Please could you clarify the best way to go about this?