Need Help?

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

Sample questions relating to Family Building Society consent to let

  • Last week offered a job abroad and considering whether it's a good idea letting my property out. Will Family Building Society permit me to change mortgage or issue me with consent to let? Should it not be available I will have to consider if it's worth taking the promotion. I wouldn't mind paying more as I intend to come back and live in my home after twenty four months. My agenda here is not to to make money. Just love my house and wish to return to it one day.
  • Due to redundancy my husband and I are looking to move away from Lambeth and our flat, potentially to a job in Amsterdam but that means we will want to let the property but don't want the cancellation fees of existing Family Building Society mortgage which will be high.Can Family Building Society refuse to grant us consent to let?
  • I want a bit of initial guidance as to whether consent to let is a feasible proposition. I bought my flat nine months ago by porting an existing Family Building Society mortgage product. My fixed rate came to an end four months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Family Building Society, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to switch to a buy to let mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to raise extra capital to satisfy the 65% LTV ratio required for a buy to let mortgage. It would be preferable to receive consent to let from Family Building Society for 1-2 years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • We wish to know what the policy is for Family Building Society for consent to let. I have come across contradictory suggestions in relation to fees and rates. I need to move area for career reasons but can not sell the property due to a depressed market.
  • I was just curious as to whether Family Building Society would give consent to let and what kind of charges, penalties and rate increase etc
  • I would like to let out my home. Do I just need to send a letter to Family Building Society asking for consent to let out the house?
  • I might potentially need consent to let from Family Building Society in the future with work. I am just seeing what the options would be if this was the case. Are there any time restrictions on how long one can let out a property with consent?
  • I'm considering a remortgage offer with Family Building Society and it's a strong possibility that I will end up asking for consent to let at some point in the fixed period. Are there any penalties I should be aware of?