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

Earl Shilton Building Society consent to let: Q and A’s

  • I have had an existing homeloan with Earl Shilton Building Society coming up to twenty four months and the fixed rate is about to expire. We are looking at taking equity out of our current place to enable us to buy a bigger house and then rent out the current garden flat. We have had initial advice that we ought to get a new domestic mortgage allowing for consent to let - what does this mean?
  • I have exchanged contracts with a developer for a property in which I was going to move into, but my manager has offered me a posting overseas for 2 years, can I let the new property with consent to let from Earl Shilton Building Society.
  • I currently have a mortgage with Earl Shilton Building Society and the loan to value is currently 60% with the Earl Shilton Building Society current book value and I'm looking to buy a further property but do not want to sell my current property at the current market value. I have consent to let from an alternative mortgage provider on a previous property so know a bit about them and I also have buy to let with Scottish Widows on another property. Does the expected rental income on a consent to let with Earl Shilton Building Society need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • I understand that this is a breach of Earl Shilton Building Society mortgage policy if I let out my flat having indicated that I intend to live there. The plan is to have the mortgage fully paid off after five years, by which time I will become the outright owner, meaning I no longer require any consent to let. Earl Shilton Building Society advised me I can overpay as little as I like during the lifetime of the mortgage. I have someone who wants to rent the property. What are the chances of Earl Shilton Building Society finding out? Can you set out consequences of not getting consent to let? From what I have read there is a possibility of Earl Shilton Building Society switching the loan onto a BTL mortgage
  • I am looking at moving abroad for work and would like consent to let from Earl Shilton Building Society whilst I am away. Is the way forward to complete the consent to let form and mail it to Earl Shilton Building Society? The point of renting the property isn't to make money but to retain the house in case things don't work out
  • I have a residential mortgage with Earl Shilton Building Society, and I would like to lease the property out, until I decide whether to sell or hold on to it as an investment. As things stand I am on the fixed rate. Will I need to move onto a new mortgage? I.E. BTL?
  • I am looking for some generic information on consent to let. I already have a mortgage in place with Earl Shilton Building Society. I have had licence to temporarily rent out my GFF from the managing agents and they asked if I have consent to from Earl Shilton Building Society.
  • I'm looking to find out more about consent to let from Earl Shilton Building Society. Would a valid reason be issues with neighbours and the house is too big for me to run at this moment in time?