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

Saffron Building Society consent to let: Q and A’s

  • What do I do if my request to obtain consent to let is rejected by Saffron Building Society?

  • My twin is intent on letting his apartment out on the QT without consent to let from his mortgage lender Saffron Building Society. He has been on an interest only loan since 2009. Outstanding amount due is £110k, having paid for the apartment for around £125k. In the absence of getting consent to let by Saffron Building Society, exactly what sanctions is he likely to face?
  • I have a three bedroom leasehold apartment with a Saffron Building Society mortgage and have a lodger in the 2nd bedroom. I have decided to take a job in a different city and will rent there. My lodger has asked to stay and is willing to pay an increased rent. Am I obliged to ask for consent to let by Saffron Building Society?
  • I previously took a mortgage with Saffron Building Society and the loan to value is presently 60% with the Saffron Building Society current book value and I'm looking to buy another property but do not want to sell my existing property at the current market value. I have consent to let from NRAM on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Saffron Building Society need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • Are you able to help? I am just wondering whether Saffron Building Society offer consent to let as an option if I decided to let out my home under a domestic mortgage. Is there a specific rule for right to buy property and consent to let?
  • I have Saffron Building Society mortgage and am considering letting the property. I am lead to believe that I would need a consent to let to do that correct ?
  • I am already letting out my flat but may have sussed that I am not living there. I have four months remaining on my fixed rate. How straightforward is it to get consent to let from Saffron Building Society. Is it just a five minute phone call, pay the fee and that's it?
  • I wish to apply for consent to let from my mortgage provider Saffron Building Society to let out my house. This is due to me relocating. Can you tell me if Saffron Building Society allow consent to let in these circumstances?