Need Help?

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

Progressive BS consent to let: Q and A’s

  • What's the difference btw consent to let and buy to let? What is the consent to let rate offered by Progressive BS?
  • My colleague plans to rent out his flat out without consent to let from his mortgage provider Progressive BS. He has been on an interest only mortgage since 2008. Outstanding amount is £112k, having paid for the apartment for about £110k. In the absence of obtaining consent to let by Progressive BS, exactly what sanctions does he risk?
  • Am I obliged to inform Progressive BS of my plan to rent a shed out on the grounds of my property. Can you help clarify? I am taking separate advice on the insurance, legal and tax side of things .
  • We are currently in Dubai and leasing out our flat in the UK. This is not something we planned but an opportunity arose and we took it. The rental income is not enough to cover the mortgage so we transfer funds each month to make up the difference. Last week I got a letter in the post from our lender informing me that as the property is being let out and has been for nearly three years we will have to pay 1.5% interest on top of our current mortgage rate. One option would be to sell up but this will not be easy as I am on the other side of the world. Could we remortgage with Progressive BS and get consent to let?
  • Do you specifically deal with enquiries regarding Progressive BS or all of them?
  • How much is it to get a consent to let from Progressive BS on my residential property. Last week I moved in with my partner and have a family member wanting to let out the property.
  • Evening? I am just wondering whether Progressive BS offer consent to let as an option if I decided to lease out my property under a residential mortgage. Is there a specific rule for right to buy property and consent to let?
  • I am considering moving in with my girlfriend at her home and would like to rent out my property that I bought last summer, I'm just not sure of the process as my property is my first home. What hoops do I need to jump through to get consent to let from Progressive BS If I obtain consent will my mortgage payments rise?