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

  • My mortgage is coming up for reissuing with Tipton Coseley Building Society. I have had the property rented out for a two years and I think I need to notifyTipton Coseley Building Society. My understanding is that I can ask for a consent to let, but since the property has already been let out could they decline - require that I go onto a BTL rate and even apply a penalty? I have over 25% equity in the house - and the rent will more than cover the mortgage.
  • The plan is to move in with my partner and I have let my property out to 2 tenants on a twelve month AST. The application for consent to let from Tipton Coseley Building Society is in hand but what if they decline. I can’t renege on my contract in terms of not renting the students as they have all signed up. On the flip-side Tipton Coseley Building Society could take me to court for breach of mortgage condition i.e. renting it out without consent to let.
  • I currently have a mortgage with Tipton Coseley Building Society and the LTV is currently 60% with the Tipton Coseley Building Society current book value and I'm looking to buy another property but do not want to sell my existing property at the current market value. I have consent to let from NRAM on a previous property so know a bit about them and I also have buy to let with Accord on another property. Does the expected rental income on a consent to let with Tipton Coseley Building Society need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • Me and my OH have a flat in Lambeth which we purchased off-plan just over twelve years ago. As we've now got a young son we need more space. We've identified a property in Hillingdon that we're going to buy and want to keep the flat as an investment to rent out. The mortgage is with Tipton Coseley Building Society and we've found a tenant who will pay rent which more than covers the monthly mortgage amount. The question is, can we hold onto the repayment mortgage with Tipton Coseley Building Society so we effectively paying off our loan on the flat or must we to switch to a buy-to-let product?
  • I previously took a mortgage with Tipton Coseley Building Society, but I am going to need to get consent to let for approximately a year as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to take a break for a year (by living near her mother and stepfather and getting their help) in a greener less hectic part of London.
  • Do you know whether Tipton Coseley Building Society will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Tipton Coseley Building Society let me raise capital based on the rental revenue ?
  • My wife and I have a mortgage with Tipton Coseley Building Society and would be thinking about purchasing another main residence and then subsequently leasing our current house out. Do I need consent to let from Tipton Coseley Building Society?
  • I have a mortgage with Tipton Coseley Building Society taken four months ago where I moved from another mortgage provider. Am I now able to rent my property with consent to let from Tipton Coseley Building Society as I am planning to buy another property.