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

  • I am currently in the process of emigrating to Moscow . Rather than finding a buyer, I would prefer to lease my current property out, just in case things turn out badly and I decide to return in one or two years. I have a current mortgage is with Beverley Building Society. Would I be able to remortgage with another mortgage company on a much lower interest rate then apply for Consent to Let after the refinancing is in place?
  • I plan to move house. The query I have is whether consent to let will be given on my property for me to subsequently get a loan offer for the new house so I can effectively bid chain free and subsequently rent my property out when I move. Will Beverley Building Society grant consent to let for 12 months? If so, and the letting goes to plan can the consent to let period be continued?
  • I have a current mortgage contract with Beverley Building Society and need clarify if it would be possible to receive consent to let out our garden flat in Redbridge.

    The reasons(s) for wishing to lease out the property are as follows: -

    • My family and I will be migrating to Melbourne in January.
    • By letting out the property this will facilitate savings to assist with the migration process.
    • There is little merit from a monetary perspective to discharge the mortgage for a property which we are not living and by letting out the property this would be considered as continuing investment.

    If Beverley Building Society agreed that we are able to proceed with renting we would propose some financial assurances to include: -

    • Continue to pay the monthly mortgage payment by direct debit.
    • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our forwarding address for when we move.
  • I would like to let my ground floor flat out from the end of June next year as I will be travelling for a few months. I have a homeowner mortgage with Beverley Building Society. I will not be letting for more than four months. Most likely it will be five months. I have been told to seek permission from my freeholder first? Please can you suggest what I should be doing in what order?
  • Can I refinance with Beverley Building Society with consent to let if my fixed rate is reaching it’s end. Circumstances would not have changed.
  • Can you help with a question...if consent to let is granted by Beverley Building Society would it usually stipulate a time limit, such as one year?
  • Me and my husband have a mortgage with Beverley Building Society but am informed they have a stipulation that they will not grant consent to let the property to a local authority. Is this correct and if so, can you suggest a method round this?
  • I might be looking to let out my property and wondered what I would need to do to obtain consent to let from Beverley Building Society. There is a possibility that I might be emigrating permanently.