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Need professional advice for your consent to let with The Chorley & District 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 The Chorley & District Building Society consent to lease

  • I've got a current homeloan with The Chorley & District Building Society approaching 3 years and the fixed rate is soon to come to an end. We are looking at releasing equity from our current place to allow us to acquire a bigger house and then let out the current ground floor flat. The initial advice we received was that we ought to look for a new domestic mortgage with a consent to let - what does this mean?
  • Two years ago my wife and I purchased our council house, in Lambeth,recently valued at £175k. It was paid for in full from our own funds, mortgage fee. We can't sell (without repaying back a significant amount of the discount) before 5 years have gone by. Regardless, we wish to hold onto it as a investment property to rent out. We wish to release some equity via a The Chorley & District Building Society mortgage. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. Are you able to assist?
  • Nine months ago my building society (not The Chorley & District Building Society) granted me with consent to let. This was subject to a provision that every 6 months they would levy a charge of 0.5% of the remaining mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. This may well be a simple error but I am nervous that it would also mean I no longer have Consent to Let.
  • My husband and I recently sorted our rates for another fixed five years with The Chorley & District Building Society. However, I went to an interview and basically I accepted the job offer in Harrow. I'm going to rent a one bed flat for me and my family in Enfield as we don't wish to sell the house whist there is a possibility that we come back within a couple of years.... We really have no idea whether it will go. We called The Chorley & District Building Society but we would like also your take on the situation. Is it possible to obtain consent to let in that case as we just got a fixed 5 years rate we would not want to swap this.
  • What is the longest period that The Chorley & District Building Society is willing to grant me the Consent To Let for?
  • I have a standard mortgage with The Chorley & District Building Society - 55% equity or thereabouts. I am considering relocating due to a promotion and enquiring whether consent to let would be granted so I could lease out the house?
  • I am currently in the process of applying for a mortgage through The Chorley & District Building Society - I foresee that in the within months I may decide to let out the property - how would I change the homeowner mortgage to a buy to let mortgage?
  • I am currently remortgaging and investigating the flexibility of certain mortgage providers when it comes to consent to let. The Chorley & District Building Society is one of the mortgage companies I am considering. How accommodating are they when it comes to consent to let?