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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 previously got consent to let from Family Building Society 3 yrs ago but failed to need it and subsequently refinanced with another mortgage provider. I recently asked for consent to let. I was told it would be authorised since their requirements were met. Yet recently got a communication advising me that I must supply evidence from the DWP indicating that that are aware of my current situation before they can provide consent. They said this is policy but I have not been able to find these conditions on their site. I did complain about the inference that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £35 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • I have a mortgage with Family Building Society on a flat and I wish to rent it out and rent an alternative house as a result of changes in personal circumstances - I want to move to a new area, and to live in a bigger house with my partner. I applied for consent to let and just got a response refusing because they determined that I want to invest. I dont know what to do next. The process has put me at risk since I already have rented a new home and would have to pay both Family Building Society and rent, which could put me in financial risk. The matter is urgent because a prospective tenant waiting in the wings
  • In the coming months I wish to move house and I am enquiring if I can get consent to let on my property then get a mortgage approval for the new house so I can put in an offer thus being chain free and then rent my property out when I move. Is it likely that Family Building Society grant consent to let for 12 months if they know I am wanting to buy somewhere else or only if I am moving temporarily with work?
  • I have a Family Building Society mortgage with my twin and want to leave and get a new mortgage with my partner. How would I go about taking in a lodger? Is consent to let required by Family Building Society? My twin will stay in the flat
  • How likely is it that I can retain my existing residential mortgage with Family Building Society if I start renting out? If the consent to let is issued will they load the interest rate?
  • I am considering moving in with my boyfriend at his home and would like to rent out my property that I purchased last summer, I'm just not sure of the process as my property is my first home. What do I need to do to gain consent to let from Family Building Society If I obtain consent would my mortgage payments rise?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Family Building Society. My property is worth approx £200k and owe £48k on it. How likely is it that Family Building Society increase my interest rate?
  • I'm interested in more information regarding consent to let from Family Building Society. Would a valid reason be parking problems and the house is too big for me to run at this moment in time?