Consent-to-let Help for Ecology Building Society

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

• Much to my surprise I have just been presented with an excellent career opportunity for 9 months overseas. I have enough money to pay the monthly Ecology Building Society mortgage however the block insurance stipulates continuous residency in order not to be invalidated. Last December the roof was damaged but repaired. Should there be any problems through the winter months I would struggle to cover the repair costs. How likely is it that I will get consent to let via Ecology Building Society for the time I am abroad?
• I have a current mortgage contract with Ecology Building Society and wish to clarify if it would be possible to receive consent to let out our studio flat in Waltham Forest.

  The purpose for wishing to rent out the property are as follows: -

  • My family and I will be moving to Melbourne early next year.
  • In renting out the house this will facilitate savings to assist with the migration process.
  • It would be pointless from a monetary perspective to pay outright for a property which we are not living and by renting out the home this would be considered as an ongoing investment.

  If Ecology Building Society agreed that we are able to proceed with renting we would propose some financial assurances to include: -

  • Maintain paying the monthly mortgage payment directly from my current account.
  • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Supply our forwarding details for when we relocate.
• My gf and I might have to let out her apartment, and I have a query concerning obtaining consent to do so. I know I need to notify Ecology Building Society and get a consent to let or change to a BTL product. But the property is leasehold, so do we have to get consent to let from the residents association?
• My understanding is that this is a contravention of Ecology Building Society mortgage policy if I lease out my property having informed that I intend to reside there. The intention is to redeem the mortgage after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Ecology Building Society advised me I can overpay as much as I like during the agreement. I have someone who is interested in renting the property. What checks do Ecology Building Society do and what are the chances that they are likely to do this? Can you set out repercussions of not obtaining consent to let? From what I have read there is a possibility of Ecology Building Society changing the loan onto a BTL mortgage
• I have separated from my wife and we have moved back in with our respective parents and plan to divorce. What do I have to do to get Ecology Building Society to give consent to let the property out to tenants?
• There is a chance of me going to Hong Kong for a year with work. Planning on taking my partner with me and hoping to rent our UK home in the meantime on a temp basis to make things more cost effective. I was just enquiring about the processes of getting a 'consent to let'
• Our Ecology Building Society mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then seek consent-to-let. Is this possible? We don't use the house much now that our kids are growing up, and would be better used as a rental.
• I am already letting out my property but may have sussed that I am not living there. I have 5 months left on my fixed rate. Is it simple to get consent to let from Ecology Building Society. Is it just a quick phone call, pay the fee and that's it?