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

  • I am interested to know how straightforward it would be to obtain consent to let with Ipswich Building Society. I'm interested in fixed homeowner mortgage and hope to reside there but want to know my options if work has opportunities elsewhere for eg in 2 or 3 yrs Could you let me know generally how receptive Ipswich Building Society are regarding consent to let?
  • I am may soon need to apply for consent to let from my current mortgage lender Ipswich Building Society. A friend of mine said that she was given ‘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?
  • I plan to rent our existing apartment out early next year when we find a new house. I will apply for consent to let from Ipswich Building Society. As of now the flat is in my name but I am a top rate tax payer. Is it best to do a Transfer of Equity to her or should I enter into a Declaration of Trust?
  • Is it possible that lenders (I have a mortgage with Ipswich Building Society) have changed tune and are now taking a more relaxed approach towards consent to let? A broker suggested that BTL mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I switch from a owner-occupier to a Buy to let I am moving to a regulated product. He said that under the current regulation lenders are reluctant to allow borrowers do this, which may explain why some banks will permit borrowers apply for consent to let but not move to a Buy to let product. Is this right?
  • My husband and I were curious as to whether it is possible if you own one property with consent to let from Ipswich Building Society, to buy another with a residential mortgage to live in. Then once the consent runs out on the first property, to change to buy to let or sell it?
  • I previously took a mortgage with Ipswich Building Society, but I am going to need to get consent to let for approximately 12 months as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to take time off for a year (by living near her mum and dad and having support) in a greener less hectic suburb of Liverpool.
  • I would like to find out what information I should include in a letter requesting consent to let my property in Camden? I would like to send a request to my lender Ipswich Building Society.
  • I am after further information in relation to consent to let mortgages, potentially transferring our current mortgage with Ipswich Building Society over to a consent to let one.