Need Help?

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

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

  • Helen (my partner) and I may need to lease our Havering home for a while due to a new job. This will be for a limited period but possibly for as long as 2 years. Do I inform Beverley Building Society or should I just keep quiet?

  • I have a mortgage with Beverley Building Society and I am thinking of purchasing a property with my soon to be wife. It's her council property on a right to buy scheme. Would it be possible to switch my Beverley Building Society mortgage to lease out my existing property in Havering even though the property is currently in negative equity.
  • Would a mortgage Early Redemption Charge be tax-deductible on Buy to Let flat? About a year ago I was going to apply for consent to let from Beverley Building Society on my flat but I ended up changing mortgage provider to get a BTL mortgage. I had to pay an early repayment penalty as I was still in a fixed rate period.
  • We have an existing mortgage with Beverley Building Society and need clarify if it would be possible to seek consent to let out our studio flat in Sutton.

    The rationale for wanting to find tenants for the property are are due to: -

    • My wife and I will be relocating to India early next year.
    • By renting out the property this will facilitate savings to help the migration process.
    • It would be pointless from a fiscal perspective to pay off the mortgage for a property which we are not living and by renting out the home this would be deemed as an ongoing investment.

    If Beverley Building Society granted permission to us for renting we would suggest some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment directly from my bank account.
    • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Supply our forwarding address for when we relocate.
  • I have separated from my ex and we have each moved into our parents house and plan to divorce. What do I have to do to get Beverley Building Society to give consent to let our house out to tenants?
  • My fixed rate loan with Beverley Building Society expires in June and have to relocate for work soon after. Is it likely that I be able to both refinance and obtain consent to let?
  • I have a question I'd like to ask...if consent to let is given by Beverley Building Society would it usually be subject to a time limit, such as 6 or 12 months?
  • Is there a time limit on a consent to let from Beverley 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?