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

Common questions relating to Teachers Building Society consent to lease

  • I am a FTB interested in a terraced house in Teachers Building Society. I have a 40% deposit with a mortgage from Teachers Building Society. My dilemma is that my partner inherited a apartment in Dover and I can foresee myself moving in next month, at which point I would want to let out my property. I have heard of consent to let but it does not sound like a positive outcome is assured. Is there any advice you can impart?

  • I have a mortgage with Teachers Building Society on a property and I wish to find a tenant for it out and rent an alternative house as a result of changes in personal circumstances - I want to move to a new location, and to live in a bigger house with my partner. I sought consent to let and yesterday got reply with a refusal as they felt I want to invest. I as at a loss as to what my options are. I am now at risk since I am already committed to the new home and am faced with paying both the Teachers Building Society mortgage and rent, which could expose me financially. The matter is urgent as a potential tenant waiting in the wings
  • My flat has a mortgage against it with Teachers Building Society and I have been letting out my apartment without consent to let, making me in breach of my mortgage Ts and C’s. I suspect that they have sussed that I am not residing there. What negotiating options do I have if I fail to sell it before they become aware I am in contravention of my conditions?
  • We are currently in Hong Kong and renting out our apartment in the UK. This was unplanned but an opportunity presented itself and we took it. The rental income is not enough to cover the mortgage so we transfer money each month to cover the shortfall. Earlier today I got a letter in the post from our lender informing me that because the property is being let out and has been for almost two years we will have to pay 1.5% interest in addition to our current mortgage rate. One option would be to sell the apartment but this will not be easy as I am so far away. Would it be possible to remortgage with Teachers Building Society and get consent to let?
  • Should I decide to apply for consent to let from Teachers Building Society what is the time scale Teachers Building Society would take to make a decision?
  • I have a mortgage with Teachers Building Society at present and just enquiring about the processes of getting a 'consent to let'
  • Our Teachers Building Society mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then apply for a consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.
  • I have a house in Bexley. I would like remortgage with Teachers Building Society and either change to buy to let or consent to let. I'm still within the Early Redemption Charge period so not sure if I will be liable to pay that?