Need Help?

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.

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

  • My fixed rate mortgage is nearing renewal with Scottish Building Society. I have had the property rented out for a two years and I think I need to informScottish Building Society. I understand that I should seek consent to lease, but given that the property has already been rented out could they deny - insist I go onto a BTL product or even fine me? I have over 25% equity in the house - and the rent will more than cover the mortgage.
  • Just wondered if any of your clients had recent experience seeking Consent to Leaseforfor less than a year from Scottish Building Society or if you have any advice as to how such consent is gained.

  • I plan to ask Scottish Building Society for consent to let out my property in Scottish Building Society. However I have put the house on the market but there is no interest and paying a full mortgage, council tax and insurance on unoccupied house is hurting financially. What position would Scottish Building Society take if I market the property?

  • I am looking to get a consent to let from Scottish Building Society as my personal circumstances have changed. My stepdaughter started college and I felt we would move to the area and chose to purchase a property rather than rent for 3 years. Since buying the house I have fallen out with my step daughter and she is unwilling to live there. Given that the whole idea was for her and the house location is not particularly ideal for my work I would like to leave and let the house
  • Will Scottish Building Society want to know why I am applying for consent to let? Should I disclose my potential move overseas?
  • Are you aware of any discretion in the accepted equity ration before switching from a current Scottish Building Society mortgage to a consent to let?
  • My fiance and I would like to obtain consent to let on a house where we have a mortgage with Scottish Building Society. If issued, how long would consent be given for? In asking for consent to let from Scottish Building Society are we running the risk of them forcing us to change deal to BTL
  • About to remortgage my property but I will potentially moving out in the next year and would be looking to rent it out. Do you think I can get buy to let or consent to let from Scottish Building Society?