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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.

Questions and Answers: Family Building Society consent to let

  • I have a current mortgage contract with Family Building Society and wish to clarify if it would be possible to seek consent to let out our one bed flat in Croydon.

    The purpose for wanting to find tenants for the property are as follows: -

    • Me and my wife will be relocating to India in January.
    • In letting out the house this will enable us to make some savings to assist with the migration process.
    • It would be pointless from a monetary point of view to pay off the mortgage for a property which we are no longer residing in and by letting out the place this would be deemed as continuing investment.

    If Family Building Society agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment by standing order.
    • Instruct 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 cousin and his fiance currently lodge with me at my flat. After Christmas I would like to move out of the property and in with my GF. Is it possible to get consent to let from Family Building Society after only having the mortgage for less than half a year?
  • I got a domestic mortgage with Family Building Society last November and then had to relocate due to my job, I am now looking to letting my apartment out for a few months whilst I am abroad. Am I able to get a consent to let from Family Building Society, and what effect would this have?
  • I understand that this is a contravention of Family Building Society terms and conditions of mortgage if I rent out my house having indicated that I intend to live there. The aim is to repay the home loan after four years, by which time I will become the outright owner, meaning I no longer require any consent to let. Family Building Society advised me I can overpay as little as I like during the agreement. I know someone who wants to rent the property. What is the likelihood of Family Building Society finding out? Can you set out connotations of not seeking consent to let? From what I have read there is a possibility of Family Building Society bumping up the interest rate
  • I am considering renting out my house with consent to let from Family Building Society, what fees can I expect to pay?
  • Me and my brother have had my mortgage with Family Building Society since 2007 with no arrear If I asked for consent to let would it be granted?
  • I recently completed on a garden flat in Bromley. I am first time buyer. I am moving Paris next month, can I get consent to let from my lender Family Building Society or do need to wait for at least 6 months?
  • Last month I completed my homeloan with Family Building Society since when my boyfriend has proposed and we are deliberating whether to live in his house or mine. Would I be allowed consent to let if I were to move in with him