Consent-to-let Help for Leek Building Society

Common questions relating to Leek BS consent to lease

• My partner and I I have a normal mortgage with Leek BS but I would like to occasionally let the property out as a holiday let....am I obliged to obtain consent to let from Leek BS?
• We have an existing mortgage with Leek BS and need clarify if it would be possible to gain consent to let out our studio flat in Harrow.

  The reasons(s) for wanting to rent out the property are as follows: -

  • My wife and I will be relocating to Cape Town early next year.
  • In letting out the house this will enable us to make some savings to help the migration process.
  • It would be pointless from a fiscal point of view to redeem the mortgage for a property which we are not residing in and by leasing out the place this would be viewed as an ongoing investment.

  If Leek BS granted permission to us for renting we would suggest some financial commitments which are as follows: -

  • Continue to pay the monthly mortgage payment by direct debit.
  • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
  • Supply our forwarding details for when we move.
• I have a property in Ealing with a Leek BS mortgage but have not lived there for a while. My sister moved in but pays no rent. At the moment I live in rented accommodation and am keen to buy a house. I have come across a perfect property at an attractive price. I have sufficient for a deposit to use on the house I am interested in but would be hard pushed to pay enough off the old property to change it to a BTL mortgage simultaneously. Can I change the current Leek BS mortgage for my old apartment into a consent to let and use my reserves to pay a larger deposit for the homeowner mortgage on the property that I am looking to purchase?
• We are in need of a bigger house so our kids don't have to bunk together. We are thinking about buying another house next year. Our house is worth £185k and we have about £65k remaining on the Leek BS mortgage. We would prefer to keep this house as an investment property and rent it out with consent to let. Can you have a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
• Hi, what documents or paperwork would Leek BS require for a consent to let letter?
• I am considering moving in with my girlfriend at her home and would like to rent out my property that I purchased thirteen months ago, I'm just not sure of the process as my property is my first home. What hoops do I need to jump through to get consent to let from Leek BS If I obtain consent would my mortgage payments go up?
• Three months ago I completed on a house using a Leek BS home loan. However I am presently living with mother and father. I don't want to move in until May 2017 due to some family reasons. In meantime can I let out the property with consent to let?
• I am considering relocating with work and would need to rent my property out. I have a mortgage with Leek BS. My property is worth approx £185k and owe £57k on it. How likely is it that Leek BS increase my mortgage rate?