Consent-to-let Help for Loughborough Building Society

Frequently asked questions relating to Loughborough Building Society consent to lease

• Are you able to advise me what Loughborough Building Society charge for consent to let out part of my 2 bed flat? Any information would be gratefully received.
• My husband and I are planning to utilise equity in my existing house to acquire an additional property which I intend to live in whilst I refurbish. I would like to let out my existing property with the Loughborough Building Society mortgage. Is it likely that I would be issued with consent to let? House is valued at £300 k with a £125k home loan in place.
• We intend to rent our existing apartment out early next year when we move. I will apply for consent to let from Loughborough Building Society. The flat is currently in my name but I am a top rate tax payer. Do I need to do a equity transfer to her or should I enter into a Declaration of Trust?
• We took a home loan out on a ground floor flat last December however I will be working outside of commuting distance of Haringey in the medium term but hope to find work closer in the long term. Given that I recently acquired the property I will lose money if I sell and do intend to return to Haringey so would like to keep it. How difficult is it to get consent to let from Loughborough Building Society and what is the procedure ?
• My wife and I have already been told to write a letter to Loughborough Building Society to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
• I was just wondering if Loughborough Building Society were picky when giving out consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
• What is the process for obtaining consent to let by Loughborough Building Society? Is there specific requirements such as you have to live in the property for a year before its granted?
• I have a mortgage with Loughborough Building Society taken 3 months ago where I moved from another mortgage provider. Can I now rent my property with consent to let from Loughborough Building Society as I am planning to buy another property.