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Need professional advice for your consent to let with Suffolk 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: Suffolk Building Society consent to let

  • I had a chat with a IFA friend last month. She 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 (Suffolk Building Society) until at least two weeks before I plan to let my property. Does that mean I have to find a tenant first and then obtain a consent to let?
  • My flat has a mortgage against it with Suffolk Building Society and I have been letting out my apartment omitting to get consent to let, making me in contravention of my mortgage Ts and C’s. I fear that they have sussed that I am not living there. What negotiating options are available if I fail to sell it in time before they become aware I have breached my Ts and C’s?
  • My cousin and his girlfriend currently lodge with me at my apartment. After Christmas I would like to move out of the property and in with my partner. How likely is it that I will be able to get consent to let from Suffolk Building Society after only having the mortgage for nine months?
  • How long after getting a new mortgage do I have to wait before I can seek consent to let from Suffolk Building Society? To give some history I purchased my property in Lewisham nearly two years ago and am currently on a three year fixed rate. I since met a guy and plan to move in to his place. I am planning to get a better fixed term next December. I presume that I would have to hold back for at least six months before I could seek consent to let. Is that right?
  • We are planning to move to Australia for eighteen months for my job but I don't want to change the mortgage to BTL as the intention is to move back into it when I return. Do you know if Suffolk Building Society charges extra on the interest? Is there any work around?
  • How much is it to get a consent to let from Suffolk Building Society on my residential property. Last week I moved in with my husband and have a family member renting from me.
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Suffolk Building Society. My property is worth approx £250k and owe £48k on it. Will Suffolk Building Society increase my mortgage rate?
  • We are mulling over a remortgage offer with Suffolk Building Society and it's likely I will end up asking for consent to let at some point in the fixed period. Are there any charges I should that may be applicable?