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.

Frequently asked questions relating to Scottish Building Society consent to lease

  • Doing everything by the book I’ve been leasing out my house with "consent to let" from Scottish Building Society on a regular mortgage for the previous three years. Scottish Building Society have put forward an ultimatum retracting their consent to let unless we switch to one of their "buy to let" deals.

  • I plan to move home. The query I have is whether consent to let will be given on my house for me to then get a mortgage for the new house so I can effectively bid without being part of a chain and then let my property out when I move. Will Scottish Building Society give consent to let for a year? If so, and the letting goes to plan is it possible for the consent to let time limit be prolonged further?
  • Can you explain "consent to let" to me? I live in a 1 bed flat and its in good condition. It has been on with agents for two months and I am struggling to sell. This is probably due to an longstanding dispute with the guy next door. I have had to put this on the disclosure form. Mortgage is with Scottish Building Society on a fixed rate. It has been suggested to me that I should obtain consent to let by Scottish Building Society and let the property for a year or two.
  • I rented my house out for three years between 2009-2012 while living abroad. I have a letter dated June 2010 from the building society granting consent to let. In the letter it explicitly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was sent. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not be sufficient for the new lender Scottish Building Society for the house I wish to purchase.Your view would be appreciated
  • I am considering moving abroad for work and would like consent to let from Scottish Building Society whilst I am away. Is the way forward to complete the consent to let form and mail it to Scottish Building Society? The point of renting the property isn't to make money but to retain the house in case things don't work out
  • Should I decide to apply for consent to let from Scottish Building Society what is the time scale Scottish Building Society would take to make a decision?
  • Does my LTV need to be at a certain ratio to allow me to apply for a consent to let from my mortgage lender Scottish Building Society. Will any consideration be given to the fact that I only drew down on the mortgage four months ago?
  • My husband and I would like to lease out my apartment to be closer to my daughter's uni and take care of my father. Do I need consent to let from my lender Scottish Building Society?