Consent-to-let Help for Stafford Railway Building Society

Frequently asked questions relating to Stafford Railway Building Society consent to lease

• I have been asked by my proposed tenants for a duplicate of my ‘consent to let’ from Stafford Railway Building Society, my mortgage lender. Is this standard practice? My letting agent cannot offer an explanation, can you?

• I want to let my current property as I wish to buy a bigger house for the family. I have a fixed rate mortgage with Stafford Railway Building Society. On the basis I get the consent to let as I understand banks are more than likely to push me towards getting BTL mortgage when the fixed term is finished. Could I remortgage after two years with a different lender? What consequences does that have apart from the higher rates - would I need a higher equity ratio in the property too ie lower ltv?
• I have found myself in the accidental landlord situation and didnt inform Stafford Railway Building Society. I had to leave my property for family reasons, so am now based in another part of the country. At first I attempted to sell the flat, but prices were depressed, resulting in negative equity. This was three years ago in 2012, which has since seen the property price increase and has given me time to save. I am in now in a position where I can now transfer to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Stafford Railway Building Society that I have been letting without consent to let? I am aware that I shouldn’t have done this, but circumstances backed me into a corner. Have I committed a criminal offence?
• Require some assistance about leasing a property and consent to let. In the coming months I want to move in with my fiance. The local authority would like to rent my flat for five years guaranteed with rent and service charges covered. The flat was purchased with a mortgage by Stafford Railway Building Society. Please help
• I am going away for work for as long as 12 months... I was wondering if I was able to get from Stafford Railway Building Society consent to let the property out while overseas as I do not want to leave it empty for that period
• Are you aware if there is usually a maximum LTV before Stafford Railway Building Society will grant consent to let?
• What happens if a borrower has already let the property for a number of years as an HMO and now wish to go legit with Stafford Railway Building Society by obtaining consent to let ? (assume Stafford Railway Building Society had in the past granted a standard mortgage in the past)
• I'm mulling over a remortgage offer with Stafford Railway Building Society and it's likely I will require consent to let during the fixed period. Are there any charges I should be aware of?