Need Help?

Need professional advice for your consent to let with Suffolk 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 Suffolk Building Society consent to lease

  • My husband and I recently sorted our rates for another fixed five years with Suffolk Building Society. Subsequently, I attended an interview and basically I accepted the job offer in Hillingdon. I'm going to rent a two bedroom flat for me and my family in Harrow as we don't wish to sell the house whist there is a chance that we come back within a couple of years.... We really have no idea whether it will work out. We called Suffolk Building Society but we would like also your take on the situation. How is it to get consent to let in that case as we secured a fixed 5 years rate we would not want to swap this.
  • I have a Suffolk Building Society mortgage with my twin and am looking to vacate and get a new mortgage with my partner. How should I go about taking in a lodger? Do I need consent to let via Suffolk Building Society? My twin will stay in the property
  • We have an existing mortgage with Suffolk Building Society and need clarify if it would be possible to seek consent to let out our studio flat in Bexley.

    The purpose for wishing to let out the property are as follows: -

    • My wife and I will be moving to Hong Kong next spring.
    • In renting out the property this will facilitate savings to help the migration process.
    • It would be pointless from a financial point of view to redeem the mortgage for a property which we are not residing in and by letting out the property this would be deemed as an ongoing investment.

    If Suffolk Building Society agreed that we are able to proceed with renting we would suggest some financial assurances to include: -

    • Continue to pay the monthly mortgage payment by direct debit.
    • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our forwarding details for when we relocate.
  • I have had a Suffolk Building Society mortgage for less than a year but I recently found out I am about lose my job. I would appreciate some help being given consent to let from Suffolk Building Society
  • I want to buy a new home but can't afford to sell my current property with a Suffolk Building Society mortgage. Do you know acceptable terms for Suffolk Building Society to give consent to let? Is getting married and having children a good enough reason to seek consent?
  • I would like to know if I have a normal mortgage with Suffolk Building Society and decide to rent it out, does the rate get loaded and are there any supplemental costs for seeking consent to let.
  • I am looking to get consent to let with my Suffolk Building Society residential mortgage. It is a detached house. Will Suffolk Building Society grant consent on this basis? Or would it be regarded as an HMO?
  • I have a residential mortgage with Suffolk Building Society. I bought the property in July this year. Is it possible to get consent to let.