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

Questions and Answers: Bath Building Society consent to let

  • Exciting times as my partner and I will move back to New Zealandin Month, perhaps for a little as 9 months but it could be longer term. I'm in the process of writing to Bath Building Society for consent to let out the property (we have already found tenants). I have been with Bath Building Society for 5 years and I have never had any arrears. Bath Building Society say, that even if they consent to the letting, that this will be limited consent for a period of twelve months. What happens after one year?

  • We just received consent to let from Bath Building Society. After some effort, Bath Building Society have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. Can you explain what this is?

  • What information do Bath Building Society expect to have to make a decision on consent to let. I am on a two year fix with them. I have a good track record of mortgage payments over several years. I am planning a move to Barnet owing to the family getting bigger. My financial circumstances have not changed and in fact my annual income has increased by 15% since I applied for the mortgage out.
  • I have a home that's currently under shared ownership (My share is 60per cent) and I bought it in Aug 2014. I am currently going through the full purchase of the house. Me and my wife have also got a further house that we are looking to purchase. Mortgage in principle has been approved by Bath Building Society. I would like to know that I will be able to put the current house through consent to let as soon as the remainder share has been purchased so, that we can start the process of purchasing the new home
  • Just curious as to whether it is possible if you own one property with consent to let from Bath Building Society, to purchase a second with a residential mortgage to live in. Then once the consent runs out on the first property, to change to buy to let or sell it?
  • How easy is it to obtain a consent to let from Bath Building Society and what does it cost? If I want to let out my property for three months how simple is it to fluctuate between a owner occupier mortgage and consent to let?
  • If I am tied into a fixed rate with Bath Building Society but am deliberating on letting out my property, is there a charge for consent to let from Bath Building Society and does the interest rate increase?
  • Am I required to get consent to let if I let to a family member (in my case my Dad now lives there and contributes towards the Bath Building Society mortgage)?