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

  • Due to problems with the area we live in (it's rough!), we are keen to relocate. As disposing of the house will trigger a hefty redemption penalties to Loughborough Building Society of £2500, we considered that it would be sensible to rent it out. So, we need to obtain a consent to lease from Loughborough Building Society only a year. What can I do to get consent?

  • I obtained consent to let from Loughborough Building Society in 2011 but failed to need it and have since refinanced with a new lender. I recently asked for consent to let. I was told it would be authorised since their requirements were met. Yet recently got a letter advising me that I must supply a letter from the DWP evidencing that that are aware of my current situation before they can issue authorisation. They said this is policy but I have not been able to find these T&Cs on their site. I did complain about the inference that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £25 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • My colleague is intent on letting his flat out in the absence of consent to let from his mortgage lender Loughborough Building Society. He has been on an interest only loan for about five years now. Outstanding amount is £110k, having purchased the apartment for around £118k. If he lets the apartment out privately, exactly what sanctions does he risk?
  • My partner and I (joint owner) are in the process of transferring our mortgage to Loughborough Building Society. I was doing some research concerning consent to let from Loughborough Building Society to understand the rules around potentially renting our existing property out (probably in a year or 2) if we moved away. The property in question was a first-time purchase for us about three years ago. Currently we are living there.
  • This is not a question specific to Loughborough Building Society but do lenders generally provide the information I need for my Buy to Let or Consent to Let self-assessment tax returns?
  • I am just finding out some information at this stage. My boyfriend has asked me to move in with him and i'm not keen to sell my property just yet. So now I want to know what I would need to do to get consent to let from Loughborough Building Society
  • Was wondering how to precure a consent to let from Loughborough Building Society who I have a mortgage with. There is an outstanding balance of 87k. The value of house is 220k. Property is in my name but my wife and I would like to purchase a studio flat in Enfield we have seen together. How do we go about this?
  • Is there a time limit on a consent to let from Loughborough Building Society? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?