Consent-to-let Help for National Counties Building Society

Frequently asked questions relating to National Counties Building Society consent to lease

• Can National Counties Building Society choose to operate a right to change the rates on a standard mortgage that has just been approved for Consent to Let at any time, onto ‘rates akin to their Buy to Let loans'?

• I am interested to know how simple is it to get consent to let from National Counties Building Society. I am considering fixed deals and intend to live there but want to know my options if work has opportunities elsewhere for example in the next couple of yrs Please let me know how challenging it is in your experience with National Counties Building Society?
• I have a current mortgage contract with National Counties Building Society and need clarify if it would be possible to obtain consent to let out our one bedroom apartment in Ealing.

  The rationale for needing to find tenants for the property are are due to: -

  • My family and I will be relocating to Melbourne early next year.
  • In letting out the property this will enable us to make some savings to support the migration process.
  • There is little merit from a monetary point of view to pay outright for a property which we are no longer living and by renting out the home this would be viewed as an ongoing investment.

  If National Counties Building Society agreed that we are able to proceed with renting we would propose some financial commitments to include: -

  • Maintain paying the monthly mortgage payment directly from my current account.
  • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Provide our forwarding address for when we relocate.
• My partner had a conversation with someone at National Counties Building Society on Monday concerning consent to let. He is expecting a returned call. We have put an offer in on a semi detached house that has been provisionally accepted so we need to know how likely it is that we will obtain consent to let with National Counties Building Society?
• Is it possible to negotiate a consent to let from National Counties Building Society if I have a current mortgage which has been in place for eight years?
• My brother and I are thinking about applying to National Counties Building Society to obtain consent to let our home, how long does it take from the point of submitting the application to us finding a letting agent and listing our house for rent? and are there any additional steps we will need to go through?
• Six months ago I acquired a flat using a National Counties Building Society home loan. However I am presently living with parents. I don't want to move in until September 2017 due to personal issues. In interim can I let out the property with consent to let?
• Please can you provide me with advice as to how to go about obtaining consent to let from National Counties Building Society and what, if any, fees I face.