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.

Frequently asked questions relating to Loughborough Building Society consent to lease

  • I will shortly be emigrating to Australia. Rather than sell my house, I would like to lease it out, just in case things don’t pan out. My current mortgage is with Loughborough Building Society. If I looked to refinance would a new lender consider this as me seeking to avoid a Buy To Let mortgage, of which there is very restricted availability for 80% LTV, and hence turn down my application for Consent to Let?
  • Are you able to inform me what Loughborough Building Society charge for consent to let out a room in my garden flat? Any answers are gratefully received.
  • In a situation where a landlord chooses to rent out their property without consent to let by Loughborough Building Society - what, if any implication might there be for an agent acting on their behalf?
  • Is it possible? I have a Loughborough Building Society mortgage on my house (with quite a bit of equity). I want to buy and live in a second house but keep my old house and rent it out. What is the best way to fund a second mortgage without selling my old property and using the equity as a deposit for the new property. Is there anyway I can change my old mortgage to a buy to let mortgages or obtain consent to let and take on a second mortgage without having a deposit to put down.
  • My lender wont issue consent to let until I have a move in date confirmed with a tenant. How can I confirm this in the absence of consent to let? I am not certain but I vaguely recall my friend had a similar issue with Loughborough Building Society.
  • Will Loughborough Building Society want to know my reasons for seeking consent to let? Should I inform them of my possible move overseas?
  • I have a mortgage with Loughborough Building Society and am considering letting it for six weeks while on holiday. Will Loughborough Building Society consent to this?
  • I would like to rent out my flat for two years max. I would like to know if I could have a consent to let by my current mortgage lender Loughborough Building Society?