Need Help?

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

Top Five Questions relating to Beverley Building Society consent to lease

  • Are any options available to me if my application for consent to let is turned down by Beverley Building Society?

  • I have a current mortgage contract with Beverley Building Society and need clarify if it would be possible to obtain consent to let out our garden flat in Newham.

    The rationale for wishing to rent out the property are as follows: -

    • Me and my wife will be moving to India in 3 months.
    • In letting out the house this will enable us to make some savings to support the migration process.
    • It would be pointless from a fiscal perspective to pay outright for a property which we are no longer living and by leasing out the property this would be considered as continuing investment.

    If Beverley Building Society granted permission to us for renting we would suggest some financial commitments to include: -

    • Continue to pay the monthly mortgage payment directly from my current account.
    • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our forwarding address for when we relocate.
  • What is the maximum period of time allowable to Beverley Building Society that I would be able to let my property without being required to change mortgage or sell my house? In essence, my boyfriend would like me to move in with him and I really don't want to sell my house. I would like the security of knowing I still own my own home.
  • I took a loan out on a studio flat last November however I will be working outside of commuting distance of Ealing in the medium term but hope to find work closer in the long term. Given I have not had property long I will lose money if I sell and do intend to return to Ealing so would like to keep it. How likely are Beverley Building Society to allow a consent to let and what will it cost me ?
  • My family circumstances has changed, and I would like to let my property out - meaning consent to let- I have approx £175K loan with Beverley Building Society and currently 90k equity I need to side-step the redemption penalties.
  • I own a residential home. I would like remortgage with Beverley Building Society and seek consent to let. I'm still within the Early Redemption Charge period so not sure if I will be liable to pay that?
  • I am seeking consent to let for my house as I am moving out for nine months currently fixed Beverley Building Society mortgage with two years which is due on July next year.
  • We've spoken to someone at Beverley Building Society about changing our current homeloan to consent to let (the current 2 year fix comes to an end in september next year). Can I just confirm that I need to send a letter explaining our change in circumstance to Beverley Building Society? Where do I need to send the letter to?