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.

Common questions relating to Melton Mowbray Building Society consent to lease

  • I have a residential loan with Melton Mowbray Building Society. I wish to buy a second property and my financial adviser recommended I seek consent to let. As far as I am aware they would only grant consent to let where it is my intention to move back into my current home. Is this correct?
  • Me and my wife reside in a house where there exists a number of spare bedrooms. We are looking into the idea of creating an holiday rental style business to let half the property out on a check-in and check-out arrangement. Are you aware if this is likely to be acceptable in accordance with Melton Mowbray Building Society’s consent to let protocol?
  • I am interested to know how simple it would be to obtain consent to let with Melton Mowbray Building Society. I am considering fixed deals and plan to live at the property but want to understand my options if work has opportunities elsewhere for example in the next couple of yrs Could you let me know generally how receptive Melton Mowbray Building Society are regarding consent to let?
  • We have an existing mortgage with Melton Mowbray Building Society and need clarify if it would be possible to obtain consent to let out our ground floor flat in Bromley.

    The purpose for wishing to let out the property are as follows: -

    • Me and my wife will be relocating to Melbourne in January.
    • In letting out the house this will facilitate savings to support the migration process.
    • It would be pointless from a monetary point of view to redeem the mortgage for a property which we are no longer living and by leasing out the place this would be deemed as an ongoing investment.

    If Melton Mowbray Building Society agreed that we are able to proceed with renting we would suggest some financial assurances to include: -

    • Continue to pay the monthly mortgage payment directly from my bank account.
    • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our contact details for when we emigrate.
  • It would be helpful to know if on the balance of probabilities Melton Mowbray Building Society will give consent to us letting out our residential property in Croydon
  • I currently have a mortgage with Melton Mowbray Building Society that I would like to transfer to a consent to let as we have identified another property we are looking to buy. What is the procedure for consent to let?
  • I am trying to find out if Melton Mowbray Building Society will grant consent to let in a situation where we need to move closer to relatives in a different house albeit that we may move back the future if circumstances change.
  • We have 5 months to remaining on a two year residential mortgage with Melton Mowbray Building Society but now rent the house out. Can I assume they will just charge a set fee for consent to let?