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

Hinckley and Rugby consent to let: Q and A’s

  • My better half and I will move back to Dubaiin Month, possibly short-term but conceivably longer term. I'm in the process of writing to Hinckley and Rugby for consent to let out the home in Hinckley and Rugby. The mortgage has been in place with Hinckley and Rugby for Six years and the account is up to date with no current arrears. Hinckley and Rugby advise, that even if they grant consent to let, that this will be limited consent for a single year. After the year is up what happens next?

  • I have a one bed flat in Greenwich let out which has a seventy year lease. Mortgage broker suggested I should refinance (currently with Hinckley and Rugby) as a buy to let instead of consent to let and release 65-70k which on top of a new mortgage based on income multiples would give me a budget of £200k. Not much about in Southwark for me to get my own place. To extend the lease will cost 13k. Should I keep or sell the flat?
  • Am I required to notify Hinckley and Rugby of my plan to rent a caravan out on the grounds of my property. Can you shed any light on this? I am taking independent advice on the insurance, legal and tax side of things .
  • Since we are relocating and failing to find a buyer for our flat, we are mulling over letting it out. Am I required to advise Hinckley and Rugby? If we do, I think they will want to change our mortgage to buy to let and increase rate which we can't afford. I was thinking that as long as I continued making my monthly payments it shouldn't be an issue, but am now concerned about insurance connotations if I have let my property out on the sly. Any feedback?
  • I am looking for information on what are acceptable reasons for leasing a property when it comes to seeking consent to let from Hinckley and Rugby? Are you able to help?
  • I have a domestic mortgage with Hinckley and Rugby and require consent to let. What are the factors and requirements that I need to be aware of in order to obtain consent?
  • Assuming that I was successful in obtaining consent to let from Hinckley and Rugby, could I sell during the consent period? Is it possible that I would incur any charges?
  • How likely is it that Hinckley and Rugby force me into a consent to let product whilst in a fixed rate product for 2 years?