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.

Cumberland Building Society Consent to Lease Example Support Desk Enquires

  • What is the process for obtaining consent to let from Cumberland Building Society? What information do they require? 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 am aware of the capital gains tax implications of switching a Cumberland Building Society mortgage to consent to let, but what about the ongoing rental revenue vs outgoings? Say I changed my former owned two bedroom second floor purpose built maisonette into CTL and vacated and pay rent elsewhere. Is it legitimate to expense the rent I am paying from the rental income?
  • I sought consent but was turned down as I did a remortgage in July but Woolwich does not give consent if mortgage is less than 6 months old. Now I am worried when 6 months is gone are they going to find some additional criteria that will not be ok. As a backup plan I can remortgage with Cumberland Building Society but will they give me consent straight away?
  • To what extent do the estate agents we rented through owe us a duty of care to have checked that the landlord attained consent to let from Cumberland Building Society?
  • Cumberland Building Society - consent to let potential. Are you able to advise on the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
  • I am already renting out my property but may have been sussed out. I have 5 months remaining on my fixed rate. Is it simple to get consent to let from Cumberland Building Society. Is it just a quick phone call, pay the fee and that's it?
  • My wife and I took out a mortgage with Cumberland Building Society a few months ago and although it's only a possibility we may have to relocate around next Summer and would like to be able to rent our property out. Is this possible with a residential mortgage?
  • I am fixing my residential mortgage with Cumberland Building Society but as a result of my job I will probably have to live abroad for a couple of years. Will Cumberland Building Society allow and give consent to let and will any penalties be applied in such a situation