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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.

Top Five Questions relating to Loughborough Building Society consent to lease

  • I had a chat with a IFA friend last week. She said that were I to decide to move abroad with my job for a period then I should not apply for consent to let from my lender (Loughborough Building Society) until at least four weeks before I plan to lease out the flat. Am I to understand that I have to find a tenant first and then obtain a consent to let?
  • I have a mortgage with Loughborough Building Society. I wanted to buy a further property and my mortgage broker advised me to apply for a consent to let. As far as I am aware they only accept the consent to let if I have the intention to go back to my current property. Have I been given the right information?
  • I wish to move home. The query I have is whether consent to let will be given on my house for me to then obtain a loan offer for the new house so I can effectively bid chain free and subsequently let my house out when I move. Does Loughborough Building Society issue consent to let for 12 months? Assuming the letting goes well can the consent to let time limit be extended?
  • I have been serving in the Royal Air Force for three years and intending to purchase a property with a Loughborough Building Society mortgage. I would like to obtain consent to let the house to my sister. In years to come I would live in the property myself when I leave the Royal Air Force. Is this achievable?
  • I'm gathering some information on whether consent to let is something available to me? We have a Loughborough Building Society mortgage and are thinking of leasing the property out for two years, but cannot really afford to switch to a buy to let mortgage. The estate agent mentioned something about a content to let
  • My personal situation has changed, and I wish to lease my home out - meaning consent to let- I have approx £140K loan with Loughborough Building Society and currently 90k equity I need to avoid the redemption penalties.
  • I have a mortgage with Loughborough Building Society on a three year fixed rate. I could have an opportunity for a teaching job overseas next summer. Would I qualify for consent to let by Loughborough Building Society if I took this job abroad?
  • What are the circumstances under which Loughborough Building Society will turn down a request for consent to let?