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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

  • I purchased a house three years ago in Newcastle when I worked locally. I got a new job which requires working in Watford. I drive down on Sunday evening and live with a cousin mid week. I am now thinking ofmoving home to avoid the commute. I am deliberating the possibility of renting out my current home. The mortgage is with Saffron Building Society, would I have to move onto a new mortgage product or should I apply for consent to let?
  • We have just sorted our rates for another fixed period with Saffron Building Society. Subsequently, I attended an interview and basically I accepted the job offer in Hillingdon. I'm going to rent a two bedroom flat for the family in Hackney as we don't wish to sell the house whist there is a possibility that we come back within a couple of years.... We really don't know whether it will work out. We called Saffron Building Society but we would like also your point of view please. How is it to receive consent to let in that case as we secured a fixed 5 years rate we would not want to lose this rate.
  • I have a property in Bexley with a Saffron Building Society mortgage but have not lived there for a while. My dad moved in but is there rent free. I currently live in rented premises and am keen to buy a house. I have come across a dream property at an attractive price. I have sufficient for a deposit to put down on the house I am interested in but would be hard pushed to pay enough off the old property to switch it to a BTL mortgage at the same time. Can I switch the current Saffron Building Society mortgage for my old apartment into a consent to let and use my savings to pay a larger deposit for the residential mortgage on the property that I want to buy?
  • Just wondering if Saffron Building Society conduct any checks when obtaining a homeowner mortgage, I'm ideally looking to rent the property out and am in two minds as to whether I should apply for consent to let. How would they find out if I rent the house out?
  • Should I decide to apply for consent to let from Saffron Building Society please can I know the time scale Saffron Building Society would take to make a decision?
  • My wife and I are deliberating a remortgage and also exploring the possibility of renting the property in the years to come - Is there a cost with Saffron Building Society to obtain a consent to let and what are the requirements?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Saffron Building Society. My property is worth approx £200k and owe £48k on it. Do you think Saffron Building Society increase my interest rate?
  • Six weeks ago I purchased my flat and took out a mortgage with Saffron Building Society but my boyfriend has asked me to move in with him. Would I be granted consent to let?