Need Help?

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

Sample questions relating to Leeds Building Society consent to let

  • I am a first time buyer interested in a small house in Leeds Building Society. I have a 50% deposit and expect a mortgage from Leeds Building Society. My predicament is that my fiancee has a apartment in Maida Vale and I can foresee myself moving in next month, when I would want to let out my property. I have heard of consent to let but it does not sound like a positive outcome is assured. Can you offer any advice?

  • We plan to lease out our flat in Hounslow which is on a standard residential mortgage with Leeds Building Society . Clearly I will seek a consent to let. If there is a cost for the consent to let can this amount also be claimed as a deductible expense on my tax return to the tax authority?
  • The likelihood is that I will have the opportunity to work overseas in a couple of years. I am therefore thinking of scaling down to a newbuild flat in Havering which I could rent out with less difficulty as and when required. The intention is to keep 50% equity in the new apartment which would be my home for a while. My current mortgage co will only issue consent to let for 12 months. I suspect renting it out longer term and not informing them could land me in a whole heap of trouble. BTL seems unnecessarily expensive when I will be living there, perhaps for 2-3 years initially. What type of mortgage do I ask for, and from whom? Do lenders such as Leeds Building Society issue consent to let for a longer period?
  • We have a residential mortgage with Leeds Building Society that we are having difficulty receiving consent to let due to being in Dubai and renting out the apartment a few years ago without their approval which was a mistake on our part. We have a 38% LVR and have been making overpayments of £500pm for 6 years so there are no arrears. We are willing to change onto a buy to let rate with them at a jacked up rate however we haven't been given that as an option.
  • I need to send the consent to let application by courier and wanted to know if Leeds Building Society have a regular mailing address I can use as couriers usually don’t accept deliveries to PO Box addresses.
  • Am I required to wait for consent to let to be granted on my current domestic mortgage with Leeds Building Society before applying for a resi mortgage on a second property?
  • I plan to buy a new house but can't afford to sell my current apartment with a Leeds Building Society mortgage. Do you know acceptable terms for Leeds Building Society to give consent to let? Is getting married and having children an acceptable reason to make the request?
  • We have 5 months to left on a 2 year residential mortgage with Leeds Building Society but now lease the property out. Can I assume they will simply charge a flat fee for consent to let?