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

Questions and Answers: Loughborough Building Society consent to let

  • Having endured living in a rough area for 3 years now, we are keen to relocate. As selling the property will result in redemption penalties to Loughborough Building Society of £4000, we considered that it would best to let it out. So, we need to obtain a consent to let from Loughborough Building Society only 12 months. Will Loughborough Building Society grant consent?

  • In what circumstances will consent to let for a property be issued via Loughborough Building Society? For what period of time do you have to have had ownership of the property before consent to let can be negotiated with Loughborough Building Society? In order to give you some history:We were living in a very small mid terrace house which is too small for us, my husband is also unwell and we are far away from family who could offer us a bit of relief, in the form of babysitting. I would be looking at getting a consent to let in the first instance to be able to renting the property out to offset the expense of the Loughborough Building Society mortgage.
  • I have a residential loan with Loughborough Building Society. I would like to buy a further property and my financial adviser recommended I apply for a consent to let. I was under the impression that they would only grant consent to let if I have the intention to reoccupy my current home. Have I been given the right information?
  • Am I obliged to inform Loughborough Building Society of my intention to rent a caravan out on my property. Can you help clarify? I am seeking separate advice on the insurance, legal and tax side of things .
  • My existing mortgage is with Loughborough Building Society, but I am going to move out for about a year as we need to be closer to my wife’s mum and dad. Will Loughborough Building Society issue consent to let?
  • Hi my partner and I own and live in 2 separate properties can I obtain consent to let from Loughborough Building Society and let my one bedroom apartment out if I move in with her?
  • We have a mortgage with Loughborough Building Society at present and just wondering if there any costs for obtaining consent to let
  • Me and my wife have had my mortgage with Loughborough Building Society since 2007 and always made payments If I sought consent to let would it be granted?