Consent-to-let Help for Hinckley and Rugby Building Society

Hinckley and Rugby consent to let: Q and A’s

• Can a new mortgage be taken on a consent to lease with Hinckley and Rugby?

• Due to my job, I am in a position where I anticipate that Hinckley and Rugby will issue me with Consent to Let from the outset of owning a property. My intention is to buy a property locally and let it out, I will remain in the house that is provided (rent payable) by my employer. As I will be leasing out the property I will obviously have to prepare a Self Assessment Tax Return, but I just want to check that although it is the only house I own (and it is not on a buy to let mortgage), will I still be able to utilize Tax relief for the interest on my mortgage and the expenses of leasing out the property. I can only find information for those with a buy-to-let mortgage, but mine will technically not be B2L.
• Am I required to notify Hinckley and Rugby of my plan to take in a lodger. I have two spare rooms that could be used by lodgers and I was thinking that as the occupancy remains in keeping with that of the 'family' use of the property it might not require consent to let. Can you shed any light on this? I am taking independent advice on the insurance, legal and tax ramifications.
• I have found myself in the accidental landlord scenario and didnt inform Hinckley and Rugby. I had to leave my property for career reasons, so am now based in another part of the country. At first I tried to sell the flat, but prices were low, which meant I was in negative equity. This was three years ago in 2011, the value has gone up and has allowed me time to accumulate savings. I am in now in a position where I could transfer to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Hinckley and Rugby that I have been letting without consent to let? I am aware that I shouldn’t have done this, but circumstances forced my hand. Can I change to a BTL without Hinckley and Rugby knowing what I’ve done?
• I have a mortgage with Hinckley and Rugby and am considering letting it for six weeks while on holiday. Will Hinckley and Rugby consent to this?
• My existing mortgage is with Hinckley and Rugby, but I have to get consent to let for about a year as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to take a break for a year (by living near her mother and stepfather and getting their help) in a greener more relaxed part of Bristol.
• How much of my mortgage allowance will be made available to draw down on if I change my mortgage to a consent to let with Hinckley and Rugby?
• Last month I purchased a apartment with a Hinckley and Rugby home loan. However I am currently living with parents. I don't want to move in until next February due to personal reasons. In meantime can I lease out the property with consent to let?