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

National Counties Building Society consent to let: Q and A’s

  • I am currently in the process of emigrating to Moscow . Rather than finding a buyer, I wish to lease my current property out, just in case things turn out badly and I decide to come back in a couple of years. My current mortgage is with National Counties Building Society. Would I be able to refinance with another mortgage company on a much lower interest rate then apply for Consent to Let once the re mortgage has completed?
  • I vacated my flat about 4 months ago but didn't get around to get a consent to let letter, partly because the mortgage fix rate period is ending in six weeks and I am considering refinancing anyway. I want to ask for consent now, is that going to open up a Pandora’s box?
  • I have a property in Bexley with a National Counties Building Society mortgage but I no longer reside there. My brother moved in but pays no rent. At the moment I live in rented premises and am looking to purchase a house. I have identified an ideal property at an attractive price. I have enough of a deposit to use on the house I am interested in but would find it difficult to pay enough off the old property to switch it to a buy to let mortgage at the same time. Can I switch the current National Counties Building Society mortgage for my old property into a consent to let and use my reserves to pay a larger deposit for the domestic mortgage on the property that I want to buy?
  • I'm one year into a two year fixed mortgage with National Counties Building Society. The LTV is only 40%. I've found a really good deal on a one bedroom apartment in Islington which I don't want to miss. It appears that the only way to purchase the other property is to release most of the remaining equity. I'm thinking of letting the existing home which would adequately cover the homeloan with National Counties Building Society. Is it possible to obtain consent to let from National Counties Building Society and and then seek an equity release after it's rented?
  • Can I refinance with National Counties Building Society with consent to let if my fixed rate is coming to an end. Circumstances would not have changed.
  • I took a standard mortgage with National Counties Building Society - about 40% equity. I am considering relocating for another job and was enquiring if National Counties Building Society are flexible in changing the mortgage to allow for consent to let?
  • I have a domestic mortgage with National Counties Building Society, and I would like to let the flat out, until I decide whether to sell or retain it as an investment. At the moment I am on the standard variable rate. Will I need to remortgage? I.E. buy to let?
  • What happens if I have already let the property for some years as an HMO and now want to legalise the situation with National Counties Building Society by getting consent to let ? (assume National Counties Building Society had previously granted a residential mortgage in the past)