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

  • I am about to write to my lender Swansea Building Society explaining the following reasoning for me asking for consent to let ; "I am having difficulties with the mortgage and thinking about a to move back with my parents but can't sell. I am very concerned by defaulting on the mortgage and have considered returning the keys. If you granted consent to let this will likely solve things." What are the chances that this will convince them to grant me consent to let?
  • If I were to rent out my garden flat with consent to let from Swansea Building Society, what proof would be required of tenancy? If after 1 year I decided to let it on a number of short term lets, am I still required to provide evidence to Swansea Building Society, or will they be happy as long as i keep up with the payments? For instance if I rent the rooms out individually at a later stage, is there any reason for Swansea Building Society to know and would they take issue?
  • I cannot find the form to download "consent to let" on the Swansea Building Society website. Could you please send me a link to do it? Thanks a lot.
  • My mortgage is with Swansea Building Society and wonder if I am duty bound to disclose if we no longer live in my house. I believe that they could jack up the interest rate if we move and rent it out but it's far from apparent what the increase would be. Should I decide to lease my house out and apply for consent to let how would the payments go up?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Swansea Building Society. My property is worth approx £185k and owe £48k on it. Will Swansea Building Society increase my interest rate?
  • What, if any, income criteria do Swansea Building Society set for consent to let on an existing domestic mortgage?
  • Me and my husband want to consider the option of leasing out my home with consent to let from Swansea Building Society whist away travelling for three months
  • What are the implication if I have already let the property for some years as an HMO and now wish to go legit with Swansea Building Society by getting consent to let ? (work on the basis that Swansea Building Society had already issued a homeowner mortgage previously)