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

Top Five Questions relating to Cambridge Building Society consent to lease

  • I am in a catch 22 with a Consent to Let home loan. Having sought consent to let the lender has requested evidence of a signed AST before they will grant consent. If I get a signed tenancy agreement would I not be breaching the terms of my existing mortgage?

  • My plan is to move house. The query I have is whether consent to let will be given on my property for me to subsequently get a mortgage for the new house so I can effectively bid without being part of a chain and subsequently let my property out when I move. Will Cambridge Building Society give consent to let for 12 months? Assuming the letting goes well is it possible for the consent to let time frame be continued?
  • I have let out my garden flat in Waltham Forest for the last 14 months, and I didn't realise that I required consent to let. I now want to rectify this. Would this be an issue?
  • My understanding is that this is a contravention of Cambridge Building Society terms and conditions of mortgage if I let out my property having indicated that I intend to live there. The aim is to repay the mortgage after four years, by which time I will become the outright owner, meaning I no longer require any consent to let. Cambridge Building Society advised me I can overpay as little as I like during the lifetime of the mortgage. I have someone who is interested in renting the property. What checks do Cambridge Building Society do and what are the chances that they are likely to do this? Can you set out repercussions of not getting consent to let? From what I have read there is a possibility of Cambridge Building Society levying a penalty
  • We have a mortgage with Cambridge Building Society at the moment and just wondering whether Cambridge Building Society currently allows consent to let
  • I am trying to find out if it is possible to get a consent to let home loan with Cambridge Building Society rather than a buy to let mortgage
  • I am looking at some alternative lifestyle. I have a Cambridge Building Society mortgage, if I become a Australian resident but wish to rent my UK house, do I need to get consent to let from Cambridge Building Society to do this ?
  • I have a mortgage with Cambridge Building Society. I am thinking of moving out and renting out my apartment. Do I need a consent to let ?