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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.

Top Five Questions relating to Cumberland Building Society consent to lease

  • I am aware of the GGT connotations of converting a Cumberland Building Society mortgage to consent to let, but what about the ongoing rental earnings vs expenses? Say I changed my former owned one bedroom apartment into CTL and vacated and pay rent elsewhere. Is it legitimate to expense the rent I am paying from the rental revenue?
  • I have a mortgage with Cumberland Building Society however my husband and I will be emigrating to the US in December. The mortgage is in my name yet it is my husband's job that is taking us abroad how do I answer the question: 'please indicate why you wish to let the property':
  • I am expecting to apply for consent to let from my existing mortgage lender Cumberland Building Society. A friend of mine said that she was granted ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an assured shorthold tenancy. Can you explain what this is?
  • We are looking to rent out our one bedroom apartment in Hillingdon in March. I would like some advice on what I need to do. I've just moved our Cumberland Building Society mortgage to a fixed term and just need to understand what the procedure is if I plan to get consent to let.
  • I was just wondering if Cumberland Building Society would grant consent to let and what kind of charges, penalties and rate increase etc
  • Cumberland Building Society - consent to let potential. Can you advise on the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
  • I am interested in more information in relation to consent to let mortgages, potentially moving our existing mortgage with Cumberland Building Society across to a consent to let one.
  • I have a mortgage with Cumberland Building Society. I am considering moving out and renting out my flat. Am I required to obtain consent to let ?