Need Help?

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.

Common questions relating to National Counties Building Society consent to lease

  • I have been foolish in not informing National Counties Building Society that I’m leasing my ground floor flat out. The latest tenants have left the place in a state and I need to claim on malicious damage. I’m afraid that my insurer will contact National Counties Building Society, and secondly if they do inform them, what are they likely to do given the lack of consent to let?
  • We have a fixed rate mortgage with National Counties Building Society for two years and have been living in the flat for nearly one year. Due relationship issues I need to vacate so I would like to rent the property out. What is the best way to go about getting consent to let from National Counties Building Society?
  • I acquired a ground floor flat in Croydon in 2008 and remortgaged with National Counties Building Society on a rate which expires in the later this year. If I go abroad and want to lease out my property what would I need to do to get consent to let and what are the consequences?
  • Is it right that mortgage companies (I have a mortgage with National Counties Building Society) are taking a more accommodating approach towards consent to let? A broker recently mentioned to me that BTL mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I transfer from a standard to a BTL I am moving to a regulated product. His belief was that under the current regulation banks are reluctant to allow customers do this, which is likely why some lenders will permit borrowers obtain consent to let but not move to a Buy to let product. Is he plausible?
  • I’ve already been told to write a letter to National Counties 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 currently have a residential mortgage with National Counties Building Society and plan on letting due to work being based in Manchester. In seeking consent to let from National Counties Building Society do I run the risk of them forcing me to change deal to B2L
  • Is consent to let a cheaper way of becoming a landlord? Isn't this a loophole for some people to exploit?
  • My partner and I need to rent out my home to be closer to my son’s college and take care of my father. How long will the consent to let take to get from National Counties Building Society? a month?