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.

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

  • I have been foolish in not informing Loughborough Building Society that I’m renting my three bedroom ground floor purpose built flat out. My most recent tenants have left the place in a state and I need to claim on malicious damage. I’m worried that my insurer will contact Loughborough Building Society, and secondly if they do inform them, what are they likely to do given the lack of consent to let?
  • My brother and I jointly own a property in Greenwich with a Loughborough Building Society mortgage. I am looking to move out and purchase a new property with my fiancee. How would I deal with leasing out my room? Would I require consent to let from Loughborough Building Society. My brother will continue to reside in the property
  • At the moment I am looking to acquire my first property however, working as a consultant. I I would like to find a lender that allows short term letting with a homeowner mortgage so that I could let the property temporarily with long periods of absence without being forced into a BTL product. Can you let me know how lenders would perceive this and in particular the stance taken by Loughborough Building Society.
  • We are in need of a larger house so our children don't have to bunk together. We are thinking about buying another house next year. The house was valued at £155,00 and we have about £85k left to pay on the Loughborough Building Society mortgage. We would ideally like to keep this house as an investment property and let 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?
  • My husband and I were wondering if it's possible if you own one property with consent to let from Loughborough Building Society, to purchase another with a residential mortgage to live in. Then once the consent expires on the first property, to change to buy to let or sell it?
  • I have separated from my wife and we have moved back in with our respective parents and plan to divorce. What do I have to do to get Loughborough Building Society to give consent to let our house out to tenants?
  • I was just looking into consent to let as it's something potentially I would need from Loughborough Building Society within the next year. Our family circumstances has changed, and I wish to let my property out
  • Prospective tenants are about to move into my property and I have mortgage offer from Loughborough Building Society on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.