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

  • We I have a normal mortgage with Tipton Coseley Building Society but I would like to occasionally let the property out as a holiday let....am I obliged to obtain consent to let from Tipton Coseley Building Society?
  • Due to my job, I am in a position where I anticipate that Tipton Coseley Building Society will provide me with Consent to Let from day one of owning a property. I currently plan to purchase a property in Camden and lease it out, I will remain in the house that is provided (rent payable) by my employer. As I will be leasing out the property I will clearly have to prepare a Self Assessment Tax Return, but I just want to check that although it is the only house I own (and it is not on a buy to let mortgage), will I still be able to claim Tax relief on the interest on my loan and the expenses of leasing out the property. I have only been able to track down information for those with a buy-to-let mortgage, but mine will technically not be B2L.
  • Me and my wife purchased a property in 2006 on shared ownership basis, I own 50% by way of bank loan and rent the other half. Last year I bought a new house. I rented out my first property and moved to my new home. I obtained consent to let from my mortgage company and I believed I had consent to let from the housing association. Yesterday I had a letter from the housing association advising they had nothing on record to say I had obtained permission to sublet. What are my options?
  • My OH and I may have to rent his apartment out. I realise that I require consent to let from Tipton Coseley Building Society. We plan to join a landlord association should we decide to let the property, but which of the two should we join? We've seen the RLA and National Landlords Association.
  • We have already been told to write a letter to Tipton Coseley Building Society to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • My OH is in the process of placing an offer on a new property in Haringey and is on to a good deal as it needs renovating. We want to rent our current property for 2 years and come back to live. Is there anything in the Terms and Conditions of my Tipton Coseley Building Society mortgage permitting me to rent it out or do I require specific consent to let?
  • I would be interested to know whether Tipton Coseley Building Society would have an internal record as to whether consent to let was granted for a specific property?
  • What, if any, income criteria do Tipton Coseley Building Society set for consent to let on an existing domestic mortgage?