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Need professional advice for your consent to let with Cumberland 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 Cumberland Building Society consent to lease

  • We just received consent to let from Cumberland Building Society. After some effort, Cumberland Building Society have issued me with ‘consent to let’ confirmation . The conditions attached to the consent refer to an assured shorthold tenancy. What is that?

  • I want a bit of preliminary guidance as to whether consent to let is a feasible option. I bought my flat 7 months ago by transferring an existing Cumberland Building Society mortgage product. My fixed rate came to an end four months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Cumberland Building Society, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a buy to let mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to come up with additional capital to satisfy the 65% LTV ratio required for a buy to let loan. Ideally I would like to get a consent to let from Cumberland Building Society for a couple of years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, reoccupy it.
  • I am may soon need to apply for consent to let from my existing mortgage provider Cumberland Building Society. A friend of mine said that she was granted ‘consent to let’ confirmation from a different lender where conditions attached to the consent referred to an AST. Can you explain what this is?
  • I took a mortgage out on a 2 bed flat last December however I will be working outside of commuting distance of Sutton for the foreseeable future but hope to find work closer in the long term. Given that I recently acquired the property I will lose money if I sell and do intend to return to Sutton so would like to keep it. How difficult is it to get consent to let from Cumberland Building Society and how do I go about applying ?
  • I would like to send the consent to let application by courier and need to know if Cumberland Building Society have a regular postal address I can use as couriers usually will not accept deliveries to PO Box addresses.
  • We are about to buy a flat and plan to live in it once we have refurbished but we may need to let the property out but not clear on what the rules are on consent to let from Cumberland Building Society? We don't require a buy to let mortgage because we are not certain if we will need to let it out at all
  • I would like to rent out my flat for two years max. I would like to know if I could have a consent to let from my existing mortgage lender Cumberland Building Society?
  • I was just enquiring how to get consent to let from Cumberland Building Society...do I phone them or write a letter to them?