Consent-to-let Help for Beverley Building Society

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

• Last month I was offered a job overseas and considering whether it's worth leasing my house out. Will Beverley Building Society permit me to switch mortgage or give me consent to let? If not I will have to think about whether I should accept the promotion. I have no objection to paying an increased amount as I intend to come back and move into my home after 1 to 3 years. My agenda here is not to profit. Just love my property and want to return to it at some point in the future.
• I have just received a mortgage offer with Beverley Building Society. With any luck I will get keys in the coming weeks, however it looks as though I may be posted overseas for work. How feasible is it for me to get consent to let from Beverley Building Society within a few months of drawing down on the mortgage. Are there any other options open to me?
• We have an existing mortgage with Beverley Building Society and need clarify if it would be possible to receive consent to let out our one bedroom apartment in Bexley.

  The purpose for wanting to lease out the property are are due to: -

  • My family and I will be migrating to India early next year.
  • In renting out the property this will facilitate savings to assist with the migration process.
  • There is little merit from a monetary point of view to redeem the mortgage for a property which we are not residing in and by renting out the place this would be viewed as an ongoing investment.

  If Beverley Building Society agreed that we are able to proceed with renting we would propose some financial commitments which are as follows: -

  • Continue to pay the monthly mortgage payment by standing order.
  • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Provide our forwarding address for when we emigrate.
• We are in need of a larger house so our kids don't have to bunk together. We are planning to purchase another house in a few years time. Our house is worth £240,000 and we have about £55k left to pay on the Beverley Building Society mortgage. We would ideally like to keep this house if possible and rent it out with consent to let. Can you have a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
• My fiance and I bought a place in Hendon with Beverley Building Society and am moving to rent a property in Cambridge due to work. Is consent to let from Beverley Building Societyavailable? I am only looking to let out the flat for half a year before selling.
• I am going away for work for up to 12 months... I was wondering if I was able to procure from Beverley Building Society consent to let the house out while abroad as I do not want to leave it empty for that long
• We have a mortgage with Beverley Building Society and would be thinking about purchasing another main residence and then subsequently leasing our current home out. Do I need consent to let from Beverley Building Society?
• What, if any, income requirements do Beverley Building Society set for consent to let on an existing domestic mortgage?