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.

Examples of recent questions relating to Leeds Building Society consent to let

  • We are a newly married couple and we found a property in Ealing that we like and want to get a mortgage with Leeds Building Society. Our concern is that I am pregnant and might give birth any time soon as I am on my 9th month of pregnancy. This wouldn't make it impossible for us to move right away so we are contemplating living with my mum and dad for about six months. Meanwhile, if we secure this property, we can lease it out. We just wondering how will that work out? Will we be liable to obtain consent to let from Leeds Building Society
  • We have a fixed mortgage with Leeds Building Society (with just over one year remaining) but due to redundancy want to move away from Essex (actually to a new job in Holland) and so want to lease the property out. We are keen to avoid the expense of a repayment penalty and understand that some lenders happily issue this 'consent'...what is the approach adopted by Leeds Building Society?
  • I have a apartment in Merton with a Leeds Building Society mortgage but have not lived there for a while. My brother moved in but pays no rent. At the moment I live in rented accommodation and am keen to buy a house. I have identified a dream property at an attractive price. I have sufficient for a deposit to put down on the house I am interested in but would be hard pushed to pay enough off the old property to switch it to a buy to let loan simultaneously. Can I switch the current Leeds Building Society mortgage for my old apartment into a consent to let and use my savings to pay a larger deposit for the residential mortgage on the property that I want to buy?
  • I understand that this is a contravention of Leeds Building Society mortgage policy if I lease out my flat having indicated that I intend to live there. The aim is to redeem the mortgage after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Leeds Building Society advised me I can overpay as much as I like during the lifetime of the mortgage. I know someone who wants to rent the property. What checks do Leeds Building Society do and what are the chances that they are likely to do this? What are the connotations of not getting consent to let? From what I have read there is a possibility of Leeds Building Society transferring my loan onto a BTL mortgage
  • I am looking for some generic information on consent to let with Leeds Building Society: I am moving abroad. Potentially for many years. Nevertheless I will be on a four month probation period .I would like to know the criteria for consent to let from Leeds Building Society and what fees are involved
  • I have a mortgage with Leeds Building Society on a two year fixed term contract. I could have chance of a teaching position abroad in a years time. Would I be eligible for consent to let by Leeds Building Society were I to accept this opportunity overseas?
  • If I am tied into a fixed rate with Leeds Building Society but am considering letting out my property, is there a charge for consent to let from Leeds Building Society and does the interest rate alter?
  • I want to take in lodgers for my one bedroom apartment in Southwark which I live in. My mortgage is with Leeds Building Society. How do I go about getting a consent to let?