Need Help?

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

Sample questions relating to Melton Mowbray Building Society consent to let

  • In September 2013 I was issued consent to let from my current lender which is about to come to an end. I have since been traveling and had my first child. My part time salary is not sufficient just now to cover the mortgage by myself. My lender has advised me that I can't extend my consent to let and if I continue renting out I will be in breach of the terms of my mortgage conditions. Due to affordability I don't think the buy to let will be approved. One option I am thinking about is remortgaging to Melton Mowbray Building Society. Are they likely to grant consent to let from commencement of the mortgage?
  • I am a couple of years up in my 5 years fixed rate mortgage and intend to take an overseas job so would like to let my property for 2 years. My LTV is about 50%. Are you able to clarify whether Melton Mowbray Building Society will load the interest rate for consent to let for the period of my letting?
  • Am in possession of a mortgage offer from Melton Mowbray Building Society, but we have hit a snag. My husband is a teacher in a boarding school, whereby living quarters is a benefit of the job. We wish to purchase a garden flat to get on the ladder, and rent it out while we're in school accommodation. I had thought Melton Mowbray Building Society would be willing to give consent to let from day one of the loan. It transpires that I may not be granted consent to let. Can you give me any ideas what we can do?
  • I am hoping to release equity in my present house to acquire another property which I intend to live in whilst I do it up. I would like to rent my current property with the Melton Mowbray Building Society homeloan. I was just looking for a general view on whether Melton Mowbray Building Society currently allows consent to let? House is worth £300 k with a £125k home loan in place.
  • If we ask for a consent to let letter by Melton Mowbray Building Society will we be required to convert to buy to let mortgage? We are with Melton Mowbray Building Society and as houses are not currently selling and we have seen one we like we were leasing our home out in order to acquire the new and dispose of this one when the value improves.
  • Melton Mowbray Building Society - consent to let potential. Are you able to advise on the process with this lender? Do they have a minimum period prior to changing and is it possible that I would be required to make a cash injection to reduce the LTV?
  • My brother and I are considering applying to Melton Mowbray Building Society to obtain consent to let our property, how long does it take from the point of sending the forms to us finding a letting agent and listing our house for rent? and are there any additional steps in the process?
  • Six weeks ago I bought my property and took out a mortgage with Melton Mowbray Building Society but my boyfriend has asked me to move in with him. Would I be granted consent to let?