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

Recently asked questions relating to Chesham Building Society consent to lease

  • Just wondered if Chesham Building Society activate a right to change the rates on a homeowner mortgage where the lender has granted Consent to Let at any time, onto ‘rates equivalent to their Buy to Let loans'?

  • I have my garden flat in Wandsworth on the market but despite a couple of viewings there is a lack of interest so far. As a backup option I am considering letting out the property if cant find a buyer. I dont anticipate a problem getting consent to let from the freeholder. My IFA says that in such circumstances I may be obliged to switch to a B2L product yet the chances are that I don't have sufficient equity. What's my exposure if I was to just keep the current Chesham Building Society home loan and let the property out on the QT I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
  • I have a current mortgage contract with Chesham Building Society and wish to clarify if it would be possible to receive consent to let out our one bedroom apartment in Newham.

    The rationale for wanting to find tenants for the property are are due to: -

    • My family and I will be relocating to Cape Town in January.
    • In renting out the house this will enable us to make some savings to assist with the migration process.
    • There is little merit from a financial perspective to pay outright for a property which we are not residing in and by renting out the home this would be considered as an ongoing investment.

    If Chesham Building Society agreed that we are able to proceed with renting we would propose some financial commitments to include: -

    • Continue to pay the monthly mortgage payment directly from my bank account.
    • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our forwarding address for when we move.
  • I am a letting agent. If a landlord opts to lease out their property without consent to let from Chesham Building Society - have I failed in my duty of care? Technically the landlord isn't committing a crime, however, they would be breaking their agreement with the Chesham Building Society, as Chesham Building Society invariably need to be informed of any change in circumstances. If I look the other way could I be accruing trouble?
  • I have split up with my wife and we have each moved into our parents house and intend to divorce. What do I have to do to get Chesham Building Society to give consent to let the property out to tenants?
  • Just wanted to know what needs to be provided to Chesham Building Society in order to get consent to let? I just finished a three year fixed mortgage and potentially moving to another apartment with my boyfriend.
  • Does my loan to value need to be at a certain ratio to allow me to apply for a consent to let from my mortgage lender Chesham Building Society. Will any consideration be given to the fact that I only drew down on the mortgage three months ago?
  • Do you have the address to which a Consent to Let request to be sent for Chesham Building Society? Sorry about bothering you with this query.