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.

Frequently asked questions relating to Progressive BS consent to lease

  • I will shortly be relocating to Dubai. Rather than sell my house, I would like to rent it out, just in case things don’t go as expected. My current mortgage is with Progressive BS. If I looked to refinance would a new provider consider this as me trying to dodge a Buy To Let mortgage, of which there is very limited availability for 80% LTV, and hence refuse my request for Consent to Let?
  • I have a mortgage with Progressive BS. I would like to purchase a further house and my mortgage broker recommended I seek consent to let. I had formerly led to believe they only grant consent to let where it is my intention to reoccupy my current home. Am I getting the right advice?
  • I own a three bedroom leasehold maisonette with a Progressive BS mortgage and have a lodger sharing with me. I am about to take a job in a different city and will look for a property to rent. My lodger doesn't want to leave so is willing to pay an increased rent. Do I have to get consent to let via Progressive BS?
  • My brother and I jointly own a property in Haringey with a Progressive BS mortgage. I want to move out and buy a new property with my fiancee. How would I deal with leasing out my room? Would I need consent to let via Progressive BS. My brother will continue to live in the apartment
  • I would like to let out my house. Do I simply need to send a letter to Progressive BS asking for consent to let out the house?
  • How likely is it that I can keep my existing homeowner mortgage with Progressive BS if I start renting out? If the consent to let is issued will they tie me into an increased rate?
  • I would like to rent out my home for a couple of years at most. I would like to know if I could have a consent to let from my current mortgage lender Progressive BS?
  • Will Progressive BS give consent to let my flat? I currently have a residential mortgage, never been in arrears and have been with Progressive BS for just over two years now. What costs am I likely to incur