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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.

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

  • My brother and his girlfriend currently lodge with me at my two bedroom maisonette. Next Summer I would like to move out of the property and in with my GF. Is it possible to get consent to let from Cambridge Building Society after only having the mortgage for less than half a year?
  • I would like to let my one bedroom apartment out from the end of June next year as I will be going for a few months. I have a residential mortgage with Cambridge Building Society. I will not be letting for more than 6 months. Most likely it will be five months. I have been told to get consent from my freeholder first? Please can you suggest what I should be doing in what order?
  • Is it possible? The property has a mortgage against it with Cambridge Building Society (with a large chunk of equity). I want to buy and live in a second house but keep my old house and rent it out. What is the best way to fund a second mortgage without selling my old property and using the equity as a deposit for the new property. Is there anyway I can change my old mortgage to a buy to let mortgages or obtain consent to let and take on a second mortgage without having a deposit to put down.
  • My husband have an offer accepted to purchase a house, we have a deposit of between 20-25% for a homeowner mortgage with Cambridge Building Society. The small problem is we may leave the country in two months for work. We are using a mortgage broker. He says if you tell this to Cambridge Building Society in advance you will need to get a buy to let. Do go ahead with residential mortgage with Cambridge Building Society, shortly thereafter seek consent to let? Alternatively, do we try and speak to Cambridge Building Society now and disclose there is a chance we will move abroad in the future (I have not signed anything as yet to move abroad) and see if they agree in advance that it should not be a problem
  • If we ask for a consent to let letter by Cambridge Building Society will we be made to switch to buy to let mortgage? Our mortgage is with Cambridge Building Society and as properties are not currently selling and we have seen one we like we were going to rent our home out in order to buy the new and dispose of this one if the market improves.
  • Is it possible that Cambridge Building Society would have an internal record as to whether consent to let was granted for a specific property?
  • We are looking to place my residential property on rent due to job commitments and was curious if this is possible to negotiate consent to let. It is on a fixed rate mortgage with Cambridge Building Society at the moment until 2017 December
  • I am planning on moving within the next 6 months and would like to rent my property out. My current rate is fixed with Cambridge Building Society. I am concerned that a rate hike would be too much if that was a condition of getting consent to let