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

Common questions relating to Scottish Building Society consent to lease

  • I have a colleague who is thinking about leasing their house out and moving in with partner. The property is in Lambeth and has a £80k home loan with Scottish Building Society. What would she need to do to get consent to let if she decides to proceed.
  • I understand the capital gains tax ramifications of changing a Scottish Building Society mortgage to consent to let, but what about the ongoing rental revenue vs outgoings? Say I have converted my former owned garden flat into CTL and moved out and pay rent elsewhere. Is there any way to expense the rent I am paying from the rental revenue?
  • I have a property that's presently under shared ownership (My share is 60%) and I bought it in July 2013. I plan to go through the full purchase of the house. Me and my wife have also got a second house that we are looking to purchase. Mortgage in principle has been approved by Scottish Building Society. I would like to know that I will be able to put the existing house through consent to let as soon as the remainder share has been purchased so, that we can start the process of purchasing the new home
  • Just wondering whether Scottish Building Society conduct any checks when seeking a residential mortgage, I'm preferably looking to let 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 place out?
  • Were we to ask for a consent to let letter from Scottish Building Society will we be required to convert to buy to let mortgage? Our mortgage is with Scottish Building Society and as houses are not currently selling but we have seen one we like we were leasing our home out in order to buy the new and sell this one when the value improves.
  • We are about to buy a place and plan to live in it once we have renovated but we may need to let the property out but not clear on what the rules are on consent to let from Scottish Building Society? We don't need a buy to let mortgage because we are not certain if we will need to let it out at all
  • I took a residential mortgage with Scottish Building Society, and I would like to let the flat out, until I decide whether to sell or keep it as an investment. As things stand I am on the standard variable rate. Will I need to remortgage? I.E. BTL?
  • Do I need consent to let if I let to a family member (in my situation my Dad now lives there and contributes towards the Scottish Building Society mortgage)?