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.

Questions and Answers: National Counties Building Society consent to let

  • My husband and I were planning to purchase a 2 bed flat with a £20,000 down payment with the aim of moving in. However in the next two years the in-laws plan to move to Portugal for a year or two so we would be moving into theirHarrow apartment to "housesit". If we were to proceed with a residential mortgage with National Counties Building Society would there be any issues with negotiating consent to let ?
  • Please explain "consent to let" to me? I live in a studio flat and its in good condition. It has been on with agents for two months and I can't find a buyer. This is probably due to an ongoing feud with the family next door. I have had to put this on the disclosure sheet. I am with National Counties Building Society on a fixed rate. It has been suggested to me that I should obtain consent to let via National Counties Building Society and let the property to tenants.
  • I work for a letting agency in Greenwich. If a landlord opts to let out their property without consent to let from National Counties Building Society - what liability do I have, if any? Technically the landlord isn't breaking the law, however, they would be breaching their agreement with the National Counties Building Society, as National Counties Building Society invariably require to be notified of any change in circumstances. If I turn a blind eye could I be accruing trouble?
  • Am with National Counties Building Society and wonder if I am duty bound to disclose if we no longer reside in the property. I believe that they could bump up the interest rate if we move and let it out but it's far from obvious what the change would be. If I decide to let my house out and apply for consent to let in what way would the payments change?
  • My existing mortgage is with National Counties Building Society, but I am going to need to get consent to let for approximately 12 months 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 twelve months (by living near her mum and dad and getting support) in a greener less intense suburb of Manchester.
  • National Counties Building Society - consent to let potential. Do you have experience of the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a half year rule before consent to let - does this apply to all lenders. Is there any way National Counties Building Society would grant consent to let from day one?
  • What are the implication if I have already rented out the property for some years as an HMO and now want to legalise the situation with National Counties Building Society by obtaining consent to let ? (assume National Counties Building Society had previously given a residential mortgage in the past)