Consent-to-let Help for The Chorley & District Building Society

The Chorley & District Building Society consent to let: Q and A’s

• I have my ground floor flat in Hackney on the market but despite a couple of viewings there is a lack of interest so far. As a fall back position I am considering renting out the property if cant find a buyer. I dont think I will have a problem getting consent to let from the freeholder. My mortgage broker says that in such circumstances I may be obliged to switch to a buy to let product yet I probably don't have sufficient equity. What's the worst that could happen if I if hypothetically I was to retain the current The Chorley & District Building Society home loan and rent out the flat without telling them As long as the mortgage is being paid in full and on time, why would they care or check?
• I am interested in finding out more about the conditions customers have to satisfy before consent to let from The Chorley & District Building Society is given. Do you know if there are any restrictions on who can be given consent?
• My husband and I reside in a property where we have numerous spare rooms. We are exploring the idea of running an B&B type business to let half the home out on a check-in and check-out basis. Are you aware if this kind of thing allowed under The Chorley & District Building Society’s consent to let protocol?
• My fiance and I are expecting any day now a mortgage offer from The Chorley & District Building Society for a leasehold property. I have applied through Right to Buy. It is a capital and interest mortgage. I am curious as to what is the main criteria The Chorley & District Building Society adopt in order to allow borrowers consent to let? Is consent to let based on the rental yield of a property?
• My marital situation has changed, and I wish to rent my property out - meaning consent to let- I have about £200K loan with The Chorley & District Building Society and currently 90k equity I need to side-step the early repayment fees.
• My husband and I took out a mortgage with The Chorley & District Building Society a few months ago and although it's a long way off we may have to relocate around next Spring and would like to be able to let our property out. Is this possible with a non- BTL mortgage?
• I have a mortgage with The Chorley & District Building Society taken four months back where I moved from another mortgage provider. Am I now able to rent my property with consent to let from The Chorley & District Building Society as I am planning to buy another property.
• I am intending on moving inside the next six months and would like to lease my house out. My current rate is fixed with The Chorley & District Building Society. I am worried a rate hike would be too much if that was linked to getting consent to let