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

Examples of recent questions relating to Melton Mowbray Building Society consent to let

  • We have a Melton Mowbray Building Society home loan and are have made overpayments to bring the loan amount down, in gainful employment etc. Can you tell me how much it will cost and if Melton Mowbray Building Society usually grant consent to let without transferring to a commercial rate?

  • I am looking for some precautionary feedback to see consent to let is a viable option. I bought my apartment 6 months ago by transferring an existing Melton Mowbray Building Society mortgage product. My fixed rate ran out three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Melton Mowbray Building Society, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to move 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 find additional capital to satisfy the 65% LTV ratio required for a buy to let mortgage. It would be preferable to obtain consent to let from Melton Mowbray Building Society for 1-2 years in order to be more secure in becoming a possible landlord and to raise 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, resume living there.
  • I have an offer accepted to buy a house, we have a deposit of between 10-15% for a residential mortgage with Melton Mowbray Building Society. The small problem is we may go overseas in 2 months for work. We are going through our financial adviser. She says if you tell this to Melton Mowbray Building Society in advance we will need to get a buy to let. Do go ahead with residential mortgage with Melton Mowbray Building Society, shortly thereafter ask them if we can have consent to let? Alternatively, do we try and contact Melton Mowbray Building Society at this point and disclose there is a chance we will move abroad in the future (I have not signed anything as yet to move abroad) and see if they agree before hand that it wouldn't be a problem
  • I purchased a garden flat in Lewisham last Summer and have a two year fixed rate mortgage with Melton Mowbray Building Society. Looking to move in with my other half within the next 6 months and would like to let out my property. Just want to know the process.
  • We want to move home and have identified a house we wish to purchase so are considering renting out with consent to let from Melton Mowbray Building Society for our existing property to allow us to make an offer and not lose the potential new house.
  • Melton Mowbray Building Society - consent to let potential. Do you have experience of the process with this lender? Do they have a minimum period prior to changing and is it possible that I would be required to make a cash injection to reduce the LTV?
  • Can you tell me how much the fees are and if Melton Mowbray Building Society ordinarily grant consent to let without changing to a commercial rate?
  • I'm looking in more information regarding consent to let from Melton Mowbray Building Society. Would a valid reason be issues with neighbours and the property is too big for me to run at this moment in time?