Consent-to-let Help for National Counties Building Society

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

• National Counties Building Society have just granted me consent to let. After some effort, National Counties Building Society have issued me with ‘consent to let’ confirmation . The conditions attached to the consent refer to an assured shorthold tenancy. What is that?

• I have a property in Ealing with a National Counties Building Society mortgage but have not lived there for a while. My brother moved in but is there rent free. I currently live in rented premises and am keen to purchase a house. I have come across a dream property at reasonable price. I have enough of a deposit to put down on the house I am interested in but would be a financial strain to pay enough off the old property to switch it to a BTL loan at the same time. Can I switch the current National Counties Building Society mortgage for my old flat into a consent to let and use my reserves to pay a larger deposit for the residential mortgage on the property that I want to buy?
• We bought a property in Leeds and will be relocating to Devon at the beginning of February. I have a letting agency and tenant ready. I was proposing to keep quiet as I'm concerned National Counties Building Society will insist that I change my mortgage rate over to a buy to let which is not financially viable. I appreciate that it would be preferable to gain a consent to let via National Counties Building Society but am afraid if I come clean it would result in a whole host of problems
• I am planning to let my property for 12 months from 10th October next year. Is there conventional wording for a letter I can use to write to National Counties Building Society to apply for consent to let.
• I am currently in the process of applying for a mortgage through National Counties Building Society - It is possible that in the coming months I may decide to let out the property - how would I change the 1st time buyer mortgage to a buy to let mortgage?
• I have a homeowner mortgage with National Counties Building Society which is only seven weeks in but I have been relocated with my job. How easy is it to obtain consent to let from National Counties Building Society for a mortgage that has only recently commenced and I have just purchased the property?
• Does my loan to value need to be at a certain ratio to allow me to apply for a consent to let from my mortgage provider National Counties Building Society. Will any consideration be given to the fact that I only drew down on the mortgage two months ago?
• Are you able to clarify what the procedure would be if we move to a new home and need to apply for consent to let for our existing mortgage with National Counties Building Society