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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

  • I would like to see if I can receive consent to let on my existing apartment. I have a mortgage with Cambridge Building Society but my circumstances have changed. I'm about to move in with my partner and daughter who have a house and more room than my 1 bed flat. I am unlikely to qualify for a buy to let loan as I don't have the funds for a deposit nor do I earn in excess of £25000 a year.
  • What is the process for obtaining consent to let from Cambridge Building Society? What evidence do they ask for? is there a fee to pay? Is consent generally limited in time and if so, for how long? Do I need to renew it annually? What if I obtain a consent but decide not to lease out the property?
  • I have an offer accepted to purchase a property, we have a deposit of between 20-25% for a domestic mortgage with Cambridge Building Society. The one concern is we are due to go overseas in three months for work. We are using a financial adviser. He says if you tell this to the lender up front we will need to get a buy to let. Do go ahead with residential mortgage with Cambridge Building Society, in a couple of months ask them if we can have consent to let? Otherwise, 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 confirm before hand that it wouldn't be a problem
  • We are looking to rent out our three bedroom first floor purpose built maisonette in Hillingdon in August. I would like some guidance on what I need to do. I've just moved our Cambridge Building Society mortgage to a fixed term and just need to understand the process and what information I'll need to get consent to let.
  • I am seeking consent to let for my flat as I am moving out for nine months currently fixed Cambridge Building Society mortgage with three years which is up on December next year.
  • I am trying to find out if Cambridge Building Society will grant consent to let in a situation where we need to move closer to relatives in a different house albeit that we may move back the future if circumstances change.
  • We would like to obtain consent to let on a house where we have a mortgage with Cambridge Building Society. If issued, how long would consent be given for? In seeking consent to let from Cambridge Building Society are we running the risk of them forcing us to change deal to buy to let
  • We have an cottage in our garden. Do we need consent to let this from Cambridge Building Society? If so, what is the process if I wish to switch the mortgage to consent to let?