Need Help?

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.

Frequently asked questions relating to Suffolk Building Society consent to lease

  • I have recently been provided with a job opportunity 250 miles from home and wondering if it's a good idea renting my property out. Will Suffolk Building Society allow me to switch mortgage or give me consent to let? If not I will have to consider if it's worth taking the job. I have no objection to paying an increased amount as it is likely that I will come back and live in my home after 1 to 3 years. My agenda here is not to to make money. Just love my house and wish to return to it at some point in the future.
  • We are currently in Dubai and leasing out our apartment in the UK. This was unplanned but an opportunity came up and we took it. The rental income is not enough to cover the mortgage so we transfer funds each month to make up the difference. Yesterday our lender got in touch informing me that as the property is being let out and has been for almost three years we will have to pay 1.5% interest on top of our current mortgage rate. One option would be to sell the property but this will be difficult as I am on the other side of the world. Could we remortgage with Suffolk Building Society and get consent to let?
  • My husband and I are in a tricky mortgage scenario currently. We have to let our home with consent to let and move to a new due to schooling. We are about to rent a home. We are finding it very difficult to find a better mortgage deal for our consent to let home. Is there is a list available as to which lenders grant consent to let and what their conditions are?
  • I have an annex that my dad is planning to move out from. As my property is large I was thinking to move into the annex and let the rest out. This is also due to change in my personal situation. Would I need a consent to let from Suffolk Building Society?
  • Would a previous extension to a mortgage term with Suffolk Building Society be held against us once we applied to Suffolk Building Society for consent to let.
  • I have a FTB mortgage with Suffolk Building Society which is only 7 weeks long but I have been moved abroad with my job. How easy is it to get consent to let from Suffolk Building Society for a mortgage that has only recently commenced and I have just purchased the property?
  • We need to lease out my flat to be closer to my son’s college and take care of my mother. How long will the consent to let take to get from Suffolk Building Society? a month?
  • We are considering a remortgage offer with Suffolk Building Society and it's a strong possibility that I will end up asking for consent to let during the fixed period. Are there any charges I should be aware of?