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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.

Questions and Answers: Saffron Building Society consent to let

  • I spoke to a IFA friend last recently. He said that if I decide to move abroad with my job for a period then I should not apply for consent to let from my mortgage provider (Saffron Building Society) until at least four weeks before I plan to rent out my property. Am I to understand that I have to find a tenant first and then obtain a consent to let?
  • I previously got consent to let from Saffron Building Society three yrs ago but failed to need it and subsequently remortgaged to another lender. I recently asked for consent to let. I was informed that it would be given since I met the criteria. Yet recently got a letter advising me that I need to supply evidence from the DWP indicating that that are aware of my current situation before they can issue consent. They said this is policy but I have not been able to find these conditions on their site. I did complain about the inference that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £35 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • I need to see if I can get consent to let on my existing flat. I have a mortgage with Saffron Building Society but my situation has changed. I'm looking to move in with my partner and son who have a house and is larger than my 1 bed home. I am unlikely to qualify for a buy to let loan as I don't have the funds for a deposit nor do I earn in excess of £25000 a year.
  • I am an existing Saffron Building Society mortgage client looking for consent to let on my present property. We would like to purchase near where we are based with the Royal Marines,... but we might have to move.
  • It would be helpful to know if Saffron Building Society are likely to grant consent to let out our house in Camden
  • I am deliberating a remortgage and also thinking of renting the property in the years to come - Is there a fee with Saffron Building Society to obtain a consent to let and what are the requirements?
  • Will Saffron Building Society choose to operate a right to convert the rates on a standard mortgage where Consent to Let at any time, onto ‘rates equivalent to their BTL range'? Can one remortgage on a consent to let with Saffron Building Society?
  • Please can you inform me how much the fees are and if Saffron Building Society usually issue consent to let without switching to a commercial rate?