Need Help?

Need professional advice for your consent to let with Swansea Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Swansea Building Society Consent to Lease Example Support Desk Enquires

  • I would like to explore if I can get consent to let on my existing apartment. I have a mortgage with Swansea Building Society but my circumstances have changed. I'm looking to move in with my partner and son who have a house and more room than my 1 bed apartment. I am unlikely to qualify for a buy to let mortgage as I don't have the funds for a deposit nor do I earn in excess of £25000 a year.
  • Nine months ago my bank (not Swansea Building Society) issued me with consent to let. The condition was that every half year they would levy a fee of 0.5% of the outstanding mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been withdrawn.
  • We have an existing mortgage with Swansea Building Society and wish to clarify if it would be possible to obtain consent to let out our one bed flat in Enfield.

    The purpose for needing to lease out the property are are due to: -

    • My family and I will be moving to India early next year.
    • By renting out the property this will facilitate savings to support the migration process.
    • It would be pointless from a monetary point of view to pay outright for a property which we are not residing in and by letting out the home this would be viewed as an ongoing investment.

    If Swansea Building Society granted permission to us for renting we would suggest some financial commitments to include: -

    • Maintain paying the monthly mortgage payment directly from my bank account.
    • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Provide our contact details for when we emigrate.
  • I am seeking some feedback as to whether consent to let from Swansea Building Society is the right strategy for me. I purchased my property last July by porting a Swansea Building Society mortgage product. My fixed rate finished two months ago I'm weighing up moving in with a new partner. I don't want to sell my property yet because I have no idea as to whether the new move will work out. Would it be likely that Swansea Building Society would grant a consent to let based on me letting out my property on a an AST for 1-2 years and then I will commit to a buy to let product or sell it?
  • What are the circumstances under which Swansea Building Society would decline a request for consent to let?
  • My wife and I wish to move home and have identified a property we wish to purchase so are considering renting out with consent to let from Swansea Building Society for our existing property to allow us to make an offer and not miss out on the potential new house.
  • Do I need consent to let if I let to a family member (in my case my mother now lives there and contributes towards the Swansea Building Society mortgage)?
  • Me and my OH and I have four months to run on a 2 year residential mortgage with Swansea Building Society but now rent the property out. Can I assume they will just charge a set fee for consent to let?