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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.

Suffolk Building Society Consent to Lease Example Support Desk Enquires

  • I have a mortgage with Suffolk Building Society on a property and I intend to find a tenant for it out and rent an alternative property due to changes in personal circumstances - I want to move to a new location, and to live in a bigger house with my partner. I applied for consent to let and just got a response refusing as they felt I want to invest. I dont know what my options are. I find myself at risk since I am already committed to the new home and am faced with paying both the Suffolk Building Society mortgage and rent, which could put me at financial risk. The matter needs to be addressed soon because a potential tenant waiting on the sidelines
  • I have a studio flat in Bromley let out which has a 62 year lease. Mortgage adviser said I should refinance (currently with Suffolk Building Society) as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on income multiples would give me a budget of £210k. Not much about in Barnet for me to buy my own house. A lease extension will be approximately 19k. Not sure sure whether to hold on or sell the flat?
  • Can you explain "consent to let" to me? I live in a 1 bed apartment and its in good condition. It is on the market and I have had very few viewings. This is because my neighbour is noisey. I have had to put it on the disclosure form. I am with Suffolk Building Society on a fixed rate. Someone mentioned I should obtain consent to let from Suffolk Building Society and let the property for a couple of years.
  • I have a apartment in Camden with a Suffolk Building Society mortgage but I no longer live there. My brother moved in but is there rent free. I currently live in rented accommodation and am looking to purchase a house. I have identified an ideal property at reasonable price. I have sufficient for a deposit to use on the house I am interested in but would be a financial strain to pay enough off the old property to switch it to a BTL loan at the same time. Can I switch the current Suffolk Building Society mortgage for my old flat into a consent to let and use my savings to pay a larger deposit for the homeowner mortgage on the property that I want to buy?
  • I'm currently have a Suffolk Building Society mortgage and want to apply for it a consent to let, what do I need to do?
  • My Suffolk Building Society mortgage rate is up this year can I move to a interest only with consent to let?
  • I would like advice as to how to proceed with gaining consent to let from Suffolk Building Society and what, if any, fees I face.
  • I am planning on moving within the next 7 months and wish to rent my property out. My current rate is fixed with Suffolk Building Society. I am worried a rate hike would be too much if that was a condition of receiving consent to let