Need Help?

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

Frequently asked questions relating to Furness Building Society consent to lease

  • My wife and I may need to rent out our Newham home temporarily due to a career opportunity. This will be short-term but perhaps for 6 years. Do I inform Furness Building Society or do I remain silent?

  • I am a landlord and currently completing eviction orders on a tenant who had not paid his rent in 3 months. A Section 21 and section 8 have been served. The tenant's defense for refusal to pay is premised on the claim that I do not have consent to let my one bedroom second floor purpose built maisonette from my lender Furness Building Society
  • I currently have a mortgage with Furness Building Society and the LTV is presently 60% with the Furness Building Society current book value and I'm looking to acquire another property but do not want to sell my existing property at the current market value. I have consent to let from an alternative mortgage provider on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Furness Building Society need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 18 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • We are planning to rent out my property for a year from 28th September 2015. Is there a standard format for a letter I can use to send to Furness Building Society to apply for consent to let.
  • I will have to move to Philadelphia for two years, I have a house with a Furness Building Society mortgage. Do I need to seek consent to let? Will they be accommodating?
  • I could potentially need consent to let from Furness Building Society in the future with work. I am just checking what the options would be if this was the case. Are there any time restrictions on the length you can let out your property with consent?
  • Can you tell me how much the fees are and if Furness Building Society usually grant consent to let without changing to a commercial rate?
  • Would you be able to help me? What do my wife and I need to do to get consent to let from Furness Building Society? And how much equity is needed?