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

Top Five Questions relating to Stafford Railway Building Society consent to lease

  • Stafford Railway Building Society have just granted me consent to let. After some effort, Stafford Railway Building Society have issued me with ‘consent to let’ confirmation . The conditions attached to the consent refer to an assured shorthold tenancy. What is that?

  • We have just sorted our rates for another fixed five years with Stafford Railway Building Society. Some weeks later, I went to an interview and basically I accepted the job offer in Havering. I'm going to rent a two bedroom flat for the family in Tower Hamlets as we don't want to sell the house and moreover we might come back within a couple of years.... We really don't know whether it will go. We called Stafford Railway Building Society but we would like also your point of view please. How is it to get consent to let in that case as we secured a fixed 5 years rate we really don't want to swap this.
  • Please explain "consent to let" to me? I live in a studio apartment and its in good condition. It is on the market and I have had very few viewings. This is because my neighbour is a drunk and assaulted me last year. I have had to mention it on the disclosure sheet. I am with Stafford Railway Building Society on a standard variable rate. Someone mentioned I should obtain consent to let by Stafford Railway Building Society and lease the flat for a couple of years.
  • Is it possible that lenders (my home loan is with Stafford Railway Building Society) have changed tune and are now adopting a more lenient approach towards consent to let? A broker suggested that BTL mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I transfer from a standard to a Buy to let I am moving to a regulated product. He suggested that under the current regulation lenders are wary of letting borrowers do this, which is likely why some lenders will permit customers obtain consent to let but not move to a Buy to let mortgage. Is he plausible?
  • If I am tied into a fixed rate with Stafford Railway Building Society but am thinking of letting out my property, is there a cost for consent to let from Stafford Railway Building Society and does the interest rate get uplifted?
  • Does my loan to value need to be at a certain ratio to allow me to apply for a consent to let from my mortgage lender Stafford Railway Building Society. Does it make a difference that I only drew down on the mortgage four months ago?
  • I have a mortgage with Stafford Railway Building Society taken three months ago where I moved from another lender. Am I now able to rent my property with consent to let from Stafford Railway Building Society as I am looking to purchase another property.
  • Six weeks ago I purchased my flat and took out a mortgage with Stafford Railway Building Society but my boyfriend has asked me to move in with him. Would I be granted consent to let?