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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 was just looking for guidance on whether I will be allowed to switch a homeowner mortgage with Swansea Building Society to a consent to let. It will be less than 65% loan to value and it would change from capital and interest repayment to an interest only loan?
  • I am seeking some feedback as to whether consent to let from Swansea Building Society is the best option. I purchased my house last June by porting an existing Swansea Building Society mortgage product. My fixed rate ran out two months ago I'm thinking about moving in with a new partner. I would prefer not to sell my property yet because I have no idea as to whether the new move will prove successful. I just wanted an idea of whether a consent to let from Swansea Building Society would be possible?
  • I am may soon need to apply for consent to let from my current mortgage provider Swansea Building Society. A colleague of mine said that she was granted ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an AST. Can you explain what this is?
  • I'm nine months into a two year fixed mortgage with Swansea Building Society. The LTV is just 40%. I've got what I think is a really good deal on a garden flat in Southwark which I would not want to miss. It appears that the only way I can get this other property is to release most of the remaining equity. I would let the current property which would adequately cover the mortgage with Swansea Building Society. Can I get a consent to let from Swansea Building Society and ask for additional borrowing after it's rented?
  • We have already been told to write a letter to Swansea Building Society to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • I am fixing my homeowner mortgage with Swansea Building Society but as a result of my job I might have to live abroad for a couple of years. Will Swansea Building Society allow and give consent to let and will any penalties be applied in such a situation
  • We've spoken to someone at Swansea Building Society about switching our existing homeloan to consent to let (the existing fixed rate ends in june next year). Can I just confirm that I need to formally put the request in writing setting out our change in circumstance to Swansea Building Society? Where do I need to send the letter to?
  • I want to consider the option of leasing out my property with consent to let from Swansea Building Society whist away travelling for four months