Need Help?

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.

Sample questions relating to Loughborough Building Society consent to let

  • My lender has placed me in a catch 22 with a Consent to Let home loan. In response to requesting consent to let the lender has asked me to provide them with an executed AST before they will grant permission. If I get a signed tenancy agreement would I not be breaching the lender’s terms and conditions?

  • Last month I was provided with a career opportunity overseas and wondering if it's worth letting my property out. Will Loughborough Building Society allow me to change mortgage or give me consent to let? Should it not be available I will have to consider if I should accept the job. I have no objection to paying an increased amount as I intend to return and live in my home after twenty four months. I'm not doing it to to make money. Just really like my property and wish to return to it one day.
  • I would like to let my three bed flat out from mid June next year as I will be travelling for a few months. I have a residential mortgage with Loughborough Building Society. I will not be letting for more than four months. Most likely it will be five months. It has been suggested that I seek permission from my freeholder first? Please can you suggest what I should be doing in what order?
  • In a situation where a property owner opts to lease out their property without consent to let from Loughborough Building Society - what, if any implication could there be for an agent acting on their behalf?
  • I previously took a mortgage with Loughborough Building Society, but I am going to need to get consent to let for around 12 months as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to take time off for twelve months (by living near her mum and dad and having support) in a greener more relaxed suburb of Bristol.
  • If I were to apply for consent to let from Loughborough Building Society what is the time scale Loughborough Building Society would take to make a decision?
  • How do I go about being given consent to let by Loughborough Building Society? Are there certain requirements such as you must live in the property for over 6 or 12 months before its granted?
  • We took out a mortgage with Loughborough Building Society a few months ago and although it's only a possibility we may have to relocate around next Spring and would like to be able to rent our apartment out. Is this possible with a non- BTL mortgage?