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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.

Common questions relating to Melton Mowbray Building Society consent to lease

  • Can you clarify if consent to let obligatory from Melton Mowbray Building Society or can I rent out my basement flat without telling Melton Mowbray Building Society and having to transfer to a buy-to-let loan?

  • What is the difference between consent to let and changing to a buy to let mortgage? Also is the property subject to Capital Gains Tax if sold?
  • I have just come off the phone to Melton Mowbray Building Society who have advised me that they have figured out that I have been letting out the maisonette even though it is on a domestic mortgage. I moved out three years ago for childcare reasons, was unable to sell and was left with little option but to rent out the property. Do you know what the connotations might be for me not obtaining consent to let?
  • I have a Melton Mowbray Building Society mortgage on a flat I own, in Harrow. Last month, resulting from a change in personal circumstances I decided to let out the flat, and rent a house in a different area within same loc. The state of affairs that altered is that my partner moved in, and the flat is too small for our needs. I do not want to try to sell the flat because the current market value is 15% less than the market value when I acquired the property in 2005. I contacted Melton Mowbray Building Society for a consent to let which was turned down as they considered that I wanted to invest in the flat. The whole process was very confusing. The matter is urgentbecause there is already a prospective tenant waiting for this consent to let and could withdraw.Many thanks
  • Last month bought a maisonette in Lewisham. I am a FTB. I am moving Paris next month, can I get consent to let from my lender Melton Mowbray Building Society or do need to wait for at least 6 months?
  • Are you able to shed light what the procedure would be if we move to a second house and need to obtain consent to let for our existing mortgage with Melton Mowbray Building Society
  • Is there a time limit on a consent to let from Melton Mowbray Building Society? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?
  • What are the implication if a borrower has already leased out the property for a number of years as an HMO and now want to legalise the situation with Melton Mowbray Building Society by getting consent to let ? (work on the basis that Melton Mowbray Building Society had previously issued a homeowner mortgage in the past)