Consent-to-let Help for Saffron Building Society

Common questions relating to Saffron Building Society consent to lease

• I have a current mortgage contract with Saffron Building Society and wish to clarify if it would be possible to receive consent to let out our ground floor flat in Wandsworth.

  The rationale for wanting to rent out the property are are due to: -

  • My wife and I will be moving to Hong Kong early next year.
  • By letting out the property this will facilitate savings to support the migration process.
  • There is little merit from a fiscal point of view to redeem the mortgage for a property which we are not living and by letting out the property this would be considered as continuing investment.

  If Saffron Building Society granted permission to us for renting we would propose some financial assurances to include: -

  • Continue to pay the monthly mortgage payment directly from my current account.
  • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Provide our forwarding address for when we emigrate.
• I have had a Saffron Building Society mortgage for less than a year but I recently found out I am about be made redundant. I would appreciate some tips on securing consent to let from Saffron Building Society
• I am looking for our family to move to give us all more space. We are planning to purchase another house next year. The house is worth £155,00 and we have about £85k remaining on the Saffron Building Society mortgage. We would prefer to keep this house if possible and rent it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we first need to repay our existing mortgage?
• Me and my partner are soon to buy a property together. Idea is for me to get consent to let my property from Saffron Building Society. Thinking further ahead - when my two year fixed period expires - how would it work if I sought to remortgage my flat?
• I am looking to Saffron Building Society to grant consent to let out my basement flat in Greenwich. I am about to commence a PhD opportunity in Maastricht University, Netherlands
• We have a domestic mortgage with Saffron Building Society and are deliberating on obtaining consent to let so that we can apply for another mortgage on another property that I own on a buy to let basis. Ahead of applying We would be interested to know the repercussions if any of making the change and any facts that we need to be aware of.
• We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a six month thing before consent to let - does this apply to all lenders. Is there any way Saffron Building Society would grant consent to let at the outset?
• How likely is it that Saffron Building Society force me into a consent to let product whilst in a fixed rate product for 2 years?