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

Ipswich Building Society consent to let: Q and A’s

  • I am employed by letting specialists in loc and a potential tenant for the house has demanded evidence of the ‘consent to let’ from the owners lender Ipswich Building Society. Is this a new type standard inquiry?

  • Finding myself between a rock and a hard place with a Consent to Let mortgage. Having sought consent to let the lender has requested evidence of a signed tenancy agreement prior to issuing permission. Is is not the case that if I adhered to their request that I would be breaching the lender’s terms and conditions?

  • What information do Ipswich Building Society expect to to determine whether to grant consent to let. I have a three year fix with them. I have a good track record of mortgage payments over several years. I am looking at moving to Islington owing to surprising growth of family. My financial circumstances have not deteriorated and in fact my annual income has gone up 20% since I took the mortgage out.
  • My partner and I are intent on acquiring a house, renting two of the bedrooms out in order to cover the mortgage with Ipswich Building Society, and then moving on in two or three years - when the property would be fully let. How likely is it that Ipswich Building Society would look at this unfavourably as I will have been issued with a domestic loan rather than a B2L or consent to let? I've heard that in extreme situations they can repossess the property, is this an exaggeration?
  • Are you able to help? I am just curious if Ipswich Building Society offer consent to let as an option if I decided to rent out my property under a homeowner mortgage. Is there a specific rule for right to buy property and consent to let?
  • My wife and I want to let our house out and use the rental income to pay rent on a house in Hackney. How likely are we to be given consent to let by Ipswich Building Society without being forced onto a BTL product.
  • Would a prior extension to a mortgage term with Ipswich Building Society be held against us when we applied to Ipswich Building Society for consent to let.
  • Assuming that I was successful in obtaining consent to let from Ipswich Building Society, can I sell during the consent period? Is it possible that I would incur any charges?