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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 let: Q and A’s

  • Is it possible to let out our house in the absence of consent to let from our lender? I am aware that initially we signed a contract saying it wouldn't be a buy to let property and that we don't own other property. I know you can't use H2B if you owned other premises at the time, but what about property thereafter? Can one acquire a further property, receive a gifted property?
  • Me and my wife purchased a house in 2006 on shared ownership basis, I own 50% through mortgage and rent the remaining half. Three years ago I bought a new home. I rented out my first property and moved to the new home. I got consent to let from my lender and I was under the assumption I had consent to let from the housing association. Yesterday I was contacted by the housing association saying they had nothing on record to evidence I had their permission to sublet. What are my options?
  • I have a self contained flat attached to my house that my father is planning to move out from. As the main house is large I was thinking to move into the annex and lease the rest out. This is also due to change in my personal situation. Would I need a consent to let from Swansea Building Society?
  • Is it correct that mortgage providers (my home loan is with Swansea Building Society) may start taking a more accommodating approach towards consent to let? A broker suggested that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I switch from a homeowner to a BTL I am moving to a regulated product. His belief was that under the current regulation lenders are reluctant to allow customers do this, which is likely why some mortgage companies will permit customers apply for consent to let but not transfer to a Buy to let product. Is this an accurate assessment?
  • I am looking to Swansea Building Society to issue me with consent to let out my studio flat in Bromley. I am moving to Spain for Six months on a secondment.
  • The prevailing mortgage is with Swansea Building Society, but I am going to move out for around 12 months as we need to be closer to my wife’s mum and dad. Will Swansea Building Society issue consent to let?
  • I own a residential home. I would like remortgage with Swansea Building Society and either change to buy to let or consent to let. I'm still inside the Early Redemption Charge period so not sure if it would trigger the penalty payment?
  • Do you know whether there a time limit on a consent to let from Swansea Building Society? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?