Need Help?

Need professional advice for your consent to let with Tipton Coseley Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Top Five Questions relating to Tipton Coseley Building Society consent to lease

  • I work for letting specialists in loc and a potential tenant for the house has demanded a copy of the ‘consent to let’ from the owners lender Tipton Coseley Building Society. Why would they ask for this

  • Me and my wife have a flat in Redbridge which we purchased off-plan approximately eight years ago. As we've now got a young son we need more space. We've found a property in Lambeth that we're going to buy and want to keep the flat as an investment to rent out. The mortgage is with Tipton Coseley Building Society and we've found a tenant who will pay rent in excess of the monthly mortgage amount. The query is, can we keep the repayment mortgage with Tipton Coseley Building Society so we effectively paying off our mortgage on the property or do we have to move it to a buy-to-let product?
  • I have been renting out my flat to students for a few years but not on a buy to let mortgage because I thought that you only needed a BTL if you had more than one property. In trying to acquire a further property, I discovered that I should have obtained consent to let at the outset from my lender Tipton Coseley Building Society. I'm wondering whether I can now seek consent to let from Tipton Coseley Building Society?
  • Last month I got married and my wife and I would like to purchase a family home in the coming year, whilst keeping our maisonette in Sutton we currently live in to rent out. Mortgage on the flat is with Tipton Coseley Building Society. I wish to avoid putting myself in a situation with two residential properties only to be refused consent to let.
  • Will Tipton Coseley Building Society choose to exercise a right to change the rates on a homeowner mortgage where Consent to Let at any time, onto ‘rates equivalent to their Buy to Let range'? Can one remortgage on a consent to let with Tipton Coseley Building Society?
  • Do you know whether Tipton Coseley Building Society will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Tipton Coseley Building Society let me raise capital based on the rental revenue ?
  • My daughter has a mortgage with Tipton Coseley Building Society and she wants to lease her apartment out as she moving in with her boyfriend.Will she be given consent to let? What is the process and cost involved?
  • I am enquiring as to whether there are any restrictions in getting consent to let on a leasehold property when I have a mortgage with Tipton Coseley Building Society