Consent-to-let Help for Loughborough Building Society

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

• Current flat worth £115,000. Outstanding mortgage £30k with half a dozen years to run. Obtain consent to let via Loughborough Building Society for current flat and make use of income to pay off remaining of the loan. Take out 65 % Loughborough Building Society loan on new premises that becomes my main home? Is this viable?
• A colleague recently asked for CTL from the Woolwich which they turned down as the mortgage had not been going for even half a year. I am about to seek consent to let from Loughborough Building Society. Do they take the same approach?
• I currently have a mortgage with Loughborough Building Society and the LTV is currently 60% with the Loughborough Building Society current book value and would like to purchase a further property but would like to keep my current property at the current market value. I have had CTL from another lender on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Loughborough Building Society need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
• I have had a home loan with Loughborough Building Society for 1999. I got divorced twelve ago put the property in my name by transfer of equity. My situation has changed, I would like to retain my house but live with my new partner, letting my house out. I have been informed by my mortgage advisor that I can seek consent to let by Loughborough Building Society rather than a BTL mortgage as I I did not buy the house with the intention of letting it out, advice please?
• Loughborough Building Society - consent to let potential. Do you have experience of the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
• Do you know whether Loughborough Building Society will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Loughborough Building Society let me raise capital based on the rental revenue ?
• I have a mortgage with Loughborough Building Society but would like to rent my house out and move in with my girlfriend and baby what would I have to do to obtain consent to let?
• We are considering a remortgage offer with Loughborough Building Society and it's a strong possibility that I will need take advantage of any consent to let option if available during the fixed period. Are there any charges I should be aware of?