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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.

Common questions relating to Cambridge Building Society consent to lease

  • My fixed rate mortgage is nearing reissuing with Cambridge Building Society. The property has been sub-let for a two years and I now realise that I should informCambridge Building Society. I am led to believe that I can ask for a consent to lease, but bearing in mind that the property has previously been let out could they decline - require that I go onto a BTL mortgage and even apply a penalty? There is excellent equity - 30% LTV and have never missed any payments.
  • A couple of years ago I was granted consent to let from my current mortgage provider which is about to expire. Since I took this out to travel and start a family. I'm not earning enough just now to pay the mortgage by myself. I have been told I can't extend my consent to let and if I continue renting out I will be in action would be taken for breaching my mortgage contract. As a result of my low income I it is likely that I will be refused to transfer to a BTL product. One option I am thinking about is remortgaging to Cambridge Building Society. Are they likely to give consent to let from commencement of the mortgage?
  • Me and my husband reside in a marital property where we have a number of spare rooms. We are exploring the option of creating an AirBnB type operation to rent half the property out on a short term basis. Do you know this kind of thing acceptable in accordance with Cambridge Building Society’s standard 'consent to let' process?
  • I remortgaged with Cambridge Building Society recently, borrowing extra with the intention to extend the property. That plan has proved not to be possible and I now intend to purchase a further property for residential purposes and let the existing property out with consent to let. Is that likely to open up a Pandora’s box?
  • My circumstances have changed, and I wish to let my home out - meaning consent to let- I have about £175K loan with Cambridge Building Society and currently 90k equity I need to side-step the early repayment fees.
  • Were I to let my property with consent to let from Cambridge Building Society will will theyjack up the interest rate? I am currently on a fixed rate for three years.
  • I am looking to get consent to let with my Cambridge Building Society residential mortgage. It is a detached house. Will Cambridge Building Society grant consent on this basis? Or would it be regarded as an HMO?
  • I am currently refinancing and investigating the flexibility of certain lenders when it comes to consent to let. Cambridge Building Society is one of the lenders I am thinking of going with. How accommodating are they when it comes to consent to let?