Consent-to-let Help for Melton Mowbray Building Society

Frequently asked questions relating to Melton Mowbray Building Society consent to lease

• I have a homeowner mortgage over my property in loc and intend to move to country for three years. During this time frame I want to let out my flat. My lender is withholding consent to let. I don’t really want a buy to let loan as it’s only for a limited time-frame that I am abroad for.

• I have had an existing mortgage with Melton Mowbray Building Society coming up to 18 months and the fixed rate is about to come to an end. We are thinking of extracting equity out of our current address to allow us to acquire a bigger house and then let out the existing three bedroom second floor purpose built maisonette. The initial advice we received was that we should look for a new residential mortgage with a consent to let - can you explain what this is?
• I am applying for a home loan with Melton Mowbray Building Society, but we have hit a snag. My husband is a teacher in a boarding school, and as such we are provided with accommodation as part of his employment. We wish to buy a one bedroom apartment to get on the ladder, and rent it out while we're living at the school accommodation. I had thought Melton Mowbray Building Society would grant consent to let from the outset of the mortgage. It transpires that I may not be able to get consent to let. Can you give me any advice?
• I may have the chance to go and work abroad in a couple of years. I am therefore possibly scaling down to a newbuild property in Lambeth which I could rent out more easily as and when required. I would aim to retain half the equity in the new flat which would be my home for a while. My current lender will only give consent to let for a year. I anticipate renting it out longer term and not informing them could result in a whole host of legal issues. BTL seems wrong when I will be living there, maybe for 2-3 years initially. What product do I ask for, and from whom? Do lenders such as Melton Mowbray Building Society grant consent to let for an open ended period?
• If I let my property with consent to let from Melton Mowbray Building Society will will theybump up the interest rate? I am presently on a standard variable rate.
• I hope to purchase a new home but can't afford to sell the existing property with a Melton Mowbray Building Society mortgage. Do you know the criteria for Melton Mowbray Building Society to give consent to let? Is getting married and having children an acceptable reason to make the request?
• Me and my fiance and I have a mortgage with Melton Mowbray Building Society and would be thinking about buying another main residence and then subsequently leasing our current home out. Do I need consent to let from Melton Mowbray Building Society?
• I am intending on moving within the next eight months and would like to lease my property out. My interest rate is fixed with Melton Mowbray Building Society. I am concerned that a rate hike would be too much if that was a condition of receiving consent to let