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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.

Common questions relating to Family Building Society consent to lease

  • What information do Family Building Society need to have to make a decision on consent to let. I am on a two year fix with them. I have always been on time with my monthly payments. I am looking at moving to the countryside owing to the family getting bigger. My financial circumstances have not deteriorated and in fact my annual income has increased by 20% since I applied for the mortgage out.
  • I have a one bedroom apartment in Camden let out which has a fifty year lease. Mortgage broker suggested I should remortgage (currently with Family Building Society) as a buy to let instead of consent to let and release 55-60k which on top of a new homeloan based on income multiples would give me a budget of £210k. Not much about in Lewisham for me to buy my own property. A lease extension will be in region of 21k. Not sure sure whether to hold on or sell the flat?
  • I have a property that's currently under shared ownership (My share is 60per cent) purchased in July 2014. I am currently going through the full purchase of the house. My partner and I also have in mind a second house that we are looking to purchase. Mortgage in principle has been approved by Family Building Society. I want to know that I will be able to put the current house through consent to let as soon as the remainder share has been purchased so, that we can start the process of purchasing the new property
  • What is the maximum period of time permitted by Family Building Society that I would be able to let my property without being required to switch mortgage or sell my house? In essence, my boyfriend has asked me to move in with him and I really want to hold onto my house. I would like the comfort of knowing I still own my own property.
  • I have recently 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 Family Building Society to allow us to get a mortgage also with Family Building Society for a new home?
  • My existing mortgage is with Family Building Society, but I will soon to need move out for approximately a year as we need to be closer to my wife’s father. Will Family Building Society give consent to let?
  • My partner and I are deliberating a remortgage and also exploring the possibility of renting the property in the years to come - Is there a fee with Family Building Society to obtain a consent to let and what are the criteria?
  • I'm soon to switch lender to Family Building Society for a fixed rate but during this period will need to rent the property out for about one year. Do Family Building Society consent to let on fixed rate mortgages and if so, what are the procedures.