Consent-to-let Help for Leeds Building Society

Leeds Building Society consent to let: Q and A’s

• My granddaughter is going to work overseas for two years and wants to let her apartment out. She has a Leeds Building Society fixed rate mortgage on repayment and wants consent to let the property as well as transfer to interest only. What does she need to do?
• The plan is to move in with my partner and I have let my property out to 2 students on a twelve month tenancy. The application for consent to let from Leeds Building Society is in hand but what if they refuse. I can’t renege on my contract in terms of backing out of renting the students as the paperwork is finalised. On the flip-side Leeds Building Society could take action for contravention of mortgage condition i.e. letting it out without consent to let.
• I rented my house out for three years from 2010-2013 while living in New York. I have a letter dated March 2010 from the lender granting consent to let. In the letter it explicitly states that the consent to let is valid for "the remaining term of the mortgage". I have not changed product since the letter was issued. I now plan to move house and rent out my existing house. However, my financial advisor has suggested that the 2010 consent to let letter may not be sufficient for the new lender Leeds Building Society for the property I intend to purchase.Can this be right
• I want a bit of preliminary insight to consider if consent to let is a sensible proposition. I bought my apartment nine months ago by porting an existing Leeds Building Society mortgage product. My fixed rate ran out three months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Leeds Building Society, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to move to a B2L mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to raise extra capital to satisfy the 65% LTV ratio required for a buy to let mortgage. Ideally I would like to get a consent to let from Leeds Building Society for a couple of years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
• I was just curious as to whether Leeds Building Society would give consent to let and what kind of charges, penalties and rate increase etc
• Prospective tenants are about to rent my property and I have mortgage offer from Leeds Building Society on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
• I would like to know if I have a residential mortgage with Leeds Building Society and decide to rent it out, does the rate change and are there any additional fees for seeking consent to let.
• I am considering moving in with my fiance at his home and would like to rent out my property that I bought last year, I'm just not sure of the process as my property is my first home. What do I need to do to obtain consent to let from Leeds Building Society If I obtain consent would my mortgage payments go up?