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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

  • My husband and I purchased a house in 2012 for 305,000 with Beverley Building Society. I got married to someone in the RAF so moved in to married quarters in Qatar and now wish to obtain consent to let from Beverley Building Society. Do you have any experience of consent to lease from Beverley Building Society?

  • How likely are Beverley Building Society in giving Consent To Let on a maisonette? It is currently on the market and it has been for two months. I need to sell but I'm anxious that given the lack of interest I will need to let out the property in order to cover the monthly payments to Beverley Building Society (I do not now live there). My preference is to come clean with Beverley Building Society than do it on the sly but I'm not sure how accomodating they would be.
  • We are currently in Dubai and renting out our property in the UK. This was unplanned but an opportunity came up and we took it. The rental income is not enough to cover the mortgage so we send back funds each month to make up the difference. Anyway this morning I got a letter in the mail from our lender informing me that because the property is being let out and has been for almost three years we will have to pay 1.5% interest in addition to our current mortgage rate. One option would be to sell the property but this will not be easy as I am on the other side of the world. Would it be possible to remortgage with Beverley Building Society and get consent to let?
  • My husband and I are hoping to release equity in my existing house to purchase another property which I propose to live in whilst I refurbish. I would like to rent my first property with the Beverley Building Society mortgage. Is it likely that I will be given consent to let? House is worth £350 k with a £125k mortgage in place.
  • I am deliberating on renting my apartment will Beverley Building Society invoice me for a consent to let letter?
  • Do you know whether Beverley Building Society will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Beverley Building Society let me raise capital based on the rental income ?
  • Is there a set or maximum term how long I could rent my home out to a family member with consent to let from Beverley Building Society. I no longer want to live in the area and want to buy a new home?
  • Is consent to let a cost efficient way of becoming a landlord? Isn't this a loophole for some people to exploit?