Need Help?

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

Recently asked questions relating to Coventry Building Society consent to lease

  • I have been asked by my proposed tenants for evidence of my ‘consent to let’ from Coventry Building Society, my mortgage lender. Is this normal?

  • I have a Coventry Building Society mortgage and have been letting out my flat omitting to get consent to let, which I am now led to believe means I am in breach of my mortgage contract. I think I have come onto their radar that I am not living there. Is my best option is to sell the apartment before repossession?
  • I am looking for some precautionary guidance to consider if consent to let is a sensible option. I bought my apartment 6 months ago by porting an existing Coventry Building Society mortgage product. My fixed rate ran out three months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Coventry Building Society, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to transfer to a B2L mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a feasible option for myself and 2) I need to find additional capital to meet the 65% LTV ratio required for a BTL loan. Ideally I would like to receive consent to let from Coventry Building Society for 1-2 years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, reoccupy it.
  • I am hoping to release equity in my existing house to acquire an additional property which I intend to live in whilst I do it up. I would like to rent my current property with the Coventry Building Society mortgage. I was just seeking a general view on whether Coventry Building Society currently allows consent to let? House is valued at £300 k with a £150k mortgage in place.
  • At the moment I do not have consent to let by Coventry Building Society but I would like to change to one, An opportunity has arisen which might involve me working away for two years. But want to keep my property for my return - are you able to help?
  • I would like to rent out my property for two years max. How do I go about getting consent to let from Coventry Building Society who I have a mortgage with?
  • We need to contact Coventry Building Society to enquire about leasing out our property. Do they send an application to me. Can I not get this from the site?
  • One year into a mortgage with Coventry Building Society due to work reasons need to move. Do you think I can get buy to let or consent to let.