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

Teachers Building Society consent to let: Q and A’s

  • I have my garden flat in Brent on the market but notwithstanding a few viewers there is a lack of interest so far. As a fall back position I am considering renting out the property if cant find a buyer. I dont foresee a problem getting consent to let from the freeholder. My financial adviser says that in such circumstances I may be required to switch to a BTL mortgage yet the chances are that I don't have enough equity needed. What's my exposure if I if hypothetically I was to retain the current Teachers Building Society home loan and rent out the flat without informing them. I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
  • I've been with Teachers Building Society for nearly 2 years and have just re-fixed the mortgage rate. The loan to value is approximately 28%. A situation has arisen whereby we must move into my mum’s flat to care for her, it would preferable to rent our house out - do I need to seek consent to let from Teachers Building Society and is it likely to be expensive?
  • Me and my partner have a flat in Tower Hamlets which we acquired off-plan just over seven years ago. As we've now got a young son we need more space. We've found a house in Lambeth that we would like to buy and want to keep the flat as an investment to rent out. The mortgage is with Teachers Building Society and we've found a tenant who will pay rent in excess of the monthly mortgage payment. My query is, can we hold onto the repayment mortgage with Teachers Building Society so we effectively paying off our mortgage on the flat or do we have to transfer to a buy-to-let product?
  • We are planning to let my property for 12 months from 15th August 2015. Is there conventional wording for a letter I can use to write to Teachers Building Society to seek consent to let.
  • My partner and I have a Teachers Building Society home loan currently and potentially want to let it out temporarily with consent from Teachers Building Society for (two years). Just wanted to know is it something that is obtainable relatively quickly?
  • Afternoon? I am just wondering whether Teachers Building Society offer consent to let as an option should I decided to rent out my home under a homeowner mortgage. Is there a specific rule for right to buy property and consent to let?
  • We took out a mortgage with Teachers Building Society a few months ago and although it's a long way off we may have to relocate around next Summer and would like to be able to let our apartment out. Is this possible with a non-commercial mortgage?
  • My OH and I have a mortgage with Teachers Building Society and would be thinking about buying another main residence and then subsequently letting our current house out. Would I require consent to let from Teachers Building Society?