Need Help?

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

Examples of recent questions relating to Cumberland Building Society consent to let

  • I have a residential Cumberland Building Society mortgage and am keen to procure consent to let as I wish to move to another home that I own. It looks like you can help. How do your fees work for this service?
  • I plan to move home and I am enquiring if I can get consent to let on my property then get a mortgage approval for the new house so I can effectively bid thus being chain free and then lease my property out once I move. Is it likely that Cumberland Building Society grant consent to let for a year if they know I am wanting to purchase a further property or only if I am relocating temporarily with work?
  • We have an existing mortgage with Cumberland Building Society and wish to clarify if it would be possible to receive consent to let out our three bedroom ground floor purpose built flat in Brent.

    The reasons(s) for wanting to find tenants for the property are are due to: -

    • Me and my wife will be migrating to India early next year.
    • In renting out the property this will facilitate savings to assist with the migration process.
    • There is little merit from a fiscal point of view to discharge the mortgage for a property which we are no longer residing in and by leasing out the property this would be viewed as continuing investment.

    If Cumberland Building Society agreed that we are able to proceed with renting we would propose some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment by direct debit.
    • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Provide our contact details for when we relocate.
  • My husband and I currently live in Hong Kong and letting out our apartment in Hackney. This was unplanned but an opportunity presented itself and we took it. The rent we make on the property is not enough to cover the mortgage so we send back funds each month to make up the difference. Yesterday I got a letter in the mail from our lender telling me that as the property is being let out and has been for nearly three years we will have to pay 1.5% interest on top of our current mortgage rate. One option would be to sell the apartment but this will be difficult as I am so far away. Could we remortgage with Cumberland Building Society and get consent to let?
  • I have a mortgage with Cumberland Building Society on a three year fixed term contract. I may have chance of a teaching position in Belgium in twelve months time. Would I qualify for consent to let via Cumberland Building Society if I took this opportunity abroad?
  • Is it possible to negotiate a consent to let from Cumberland Building Society if I have a current mortgage which has been in place for eight years?
  • I am going away for work for as long as twelve months... I was wondering if I was able to gain from Cumberland Building Society consent to let the property out while I was away as I do not want to leave it unattended for that long
  • One year into a mortgage with Cumberland Building Society due to job offer.. need to relocate. Is it possible to get buy to let or consent to let.