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

  • Two years ago my wife and I purchased our council house, in Lambeth,recently valued at £240k. It's completely paid for from our own finances, with no mortgage. We are prohibited from selling (without repaying back a significant amount of the discount) before five years have passed. Regardless, we wish to retain it as a investment property to rent out. We are considering taking out a mortgage with Saffron Building Society. If Saffron Building Society refuse are there lenders that might be amenable and grant consent to let?
  • How likely are Saffron Building Society in granting Consent To Let on a ground floor flat? It is currently on the market and it has been for a couple of weeks. I need to sell but I'm worried that given the lack of interest I will have to get a tenant in to cover the monthly payments to Saffron Building Society (I do not now live at the address). My preference is to come clean with Saffron Building Society than not tell them but I am concerned as to how accomodating they would be.
  • I am a first time buyer in the process of trying to buy a flat. However I am potentially also going to be moving abroad in the near future. I have told this to my mortgage broker who has informed me as long as nothing has been signed or confirmed you can go ahead and apply for a residential mortgage with Saffron Building Society. Once that's complete if it transpires that I need to move abroad he said can apply for a consent to let from Saffron Building Society. Does that sound like the right advice?
  • I have a house that's presently under shared ownership (My share is 50%) purchased in July 2013. I plan to go through the full purchase of the house. My partner and I also have in mind a second house that we are looking to purchase. Mortgage in principle has been approved by Saffron Building Society. I would like to know that I will be able to put the existing house through consent to let as soon as the remainder share has been purchased so, that we can start the process of purchasing the new home
  • My fiance and I have already let but only just dawned on us that Saffron Building Society ought to have been informed and consent to let applied for - can this be obtained retrospectively?
  • We have a letter to Saffron Building Society requesting consent to let signed and ready, but I'm not sure what address I should mail this to. Can you please help me with the address?
  • Can I remortgage to Saffron Building Society from my existing provider, with a consent to let or do I need a let to buy mortgage, and if so what are the LTV's?
  • Would you be able to help me? What do we need to do to obtain consent to let from Saffron Building Society? And what are the charges?