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

  • Is it legal to let out our property without consent to let from our mortgage provider? I am aware that at the time we signed a contract stating it wouldn't be a buy to let property and that we don't own other property. I know you can't use H2B if you owned other property at the time, but what about property thereafter? Can one purchase a further property, or inherit a property?
  • I am looking to apply to Loughborough Building Society for consent to let on my current residential property in Wandsworth. I am planning to release equity from my existing property ahead of this, and making use of that money to acquire a second home. I will stay in that house whilst doing it up for nine months at which point I intend to sell it then move back to my existing house. Is this something Loughborough Building Society will consider consent to let for or is that out of their criteria?
  • I rented my house out for three years from 2009-2012 while working Amsterdam. I have a letter dated June 2010 from my mortgage company granting consent to let. In the letter it clearly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not remortgaged since the letter was issued. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not be sufficient for the new lender Loughborough Building Society for the house I intend to buy.Can this be correct
  • Is it possible that mortgage companies (I have a mortgage with Loughborough Building Society) have changed tune and are now taking a more lenient approach towards consent to let? A broker suggested that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I move from a owner-occupier to a BTL I am moving to a regulated product. His belief was that under the current regulation lenders are reluctant to allow customers do this, which is likely why some mortgage providers will let customers apply for consent to let but not swap to a Buy to let product. Is he an accurate assessment?
  • I took a homeowner mortgage with Loughborough Building Society and with my circumstances changing significantly in the last six months, can I apply for consent to let. What changes will affect me?
  • I would like to know how to go about getting consent to let from Loughborough Building Society and any costs to be incurred. I've moved in with my husband and have a family member wanting to let out the property.
  • If I were to apply for consent to let from Loughborough Building Society please can I know the time scale Loughborough Building Society would take to make a decision?
  • Prospective tenants are about to rent 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.