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

Darlington Building Society consent to let: Q and A’s

  • I wish to buy a second house having recently purchased a maisonette on normal mortgage. Plan to purchase in a few months time. I am told that I may need consent to let from Darlington Building Society, my existing mortgage provider? What is the best way to go about this and gain the permission needed.
  • I understand the GGT financial repercussions if any of switching a Darlington Building Society mortgage to consent to let, but what about the ongoing rental earnings vs expenses? Say I have converted my former owned garden flat into CTL and vacated and pay rent elsewhere. Is there any way to expense the rent I am paying from the rental revenue?
  • How easy is it to change a residential mortgage with Darlington Building Society to a consent to let. It will be less than 55% ltv and it would change from repayment to interest only?
  • For a couple of years now I have had a mortgage with my partner on our property which is up for renewal 12th October. I am having to move to Reading for my company in this summer. What are the chances of being able to transfer for a consent to let mortgage with Darlington Building Society?
  • Last month I got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger place. Will it be possible to get a consent to let on my new mortgage with Darlington Building Society to allow us to get a mortgage also with Darlington Building Society for a new home?
  • I am looking to Darlington Building Society to grant consent to let out my basement flat in Southwark. I am moving to Holland for 5 months on a secondment.
  • I would like to rent out my home for three years max. I would like to know if I could have a consent to let by my current mortgage lender Darlington Building Society?
  • What, if any, income requirements do Darlington Building Society set for consent to let on an existing domestic mortgage?