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Need professional advice for your consent to let with Mansfield Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Common questions relating to Mansfield Building Society consent to lease

  • I am currently seeking a mortgage as first time buyer and considering Mansfield Building Society with my broker. Let's say I choose a four year fixed rate I live at the property and after two years, an opportunity comes up which involves a relocation necessitating moving abroad. If Mansfield Building Society grants me consent to let,would the rate stay as it is or would it increase?
  • I obtained consent to let from Mansfield Building Society in 2011 but failed to need it and have since remortgaged to another lender. I recently asked for consent to let. I was informed that it would be forthcoming since their requirements were met. However I got a communication informing me that I must provide a letter from the DWP indicating that that are aware of my current situation before they can provide authorisation. They said this is policy but I have not been able to find these T&Cs on their site. I did complain about the insinuation that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £35 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • I have a garden flat in Southwark let out which has a sixty year lease. Mortgage adviser said I should refinance (currently with Mansfield Building Society) as a buy to let instead of consent to let and release 45-55k which on top of a new homeloan based on income multiples would give me a budget of £210k. Not much about in Brent for me to buy my own property. A lease extension will be in region of 13k. Should I keep or sell the flat?
  • I have a normal mortgage on a one bedroom first floor purpose built maisonette in Greenwich but have rented it out without making Mansfield Building Society aware of this. I now require a consent to let letter. How can I get one?
  • My wife and I are having to relocate to Kenya for eighteen months for my job but I don't want to convert my mortgage to BTL as the intention is to move back into it when I return. Do you know if Mansfield Building Society charges extra on the interest? Is there any work around?
  • I have split up with my wife and we have each moved into our parents house and intend to divorce. What do I have to do to get Mansfield Building Society to give consent to let the property out to students?
  • I was just wondering if Mansfield Building Society were picky when considering consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • I have a standard mortgage with Mansfield Building Society - 28% equity or thereabouts. I am considering relocating due to a promotion and enquiring whether consent to let would be granted so I could rent out the house?