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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.

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

  • My lender has placed me in a catch 22 with a Consent to Let home loan. Reacting to my requisition for consent to let the bank has asked me to provide them with a signed tenancy agreement prior to issuing consent. Is is not the case that if I adhered to their request that I would be violating the lender’s terms and conditions?

  • I have a National Counties Building Society mortgage on a flat I own, in Redbridge. This year, due to a change of personal circumstances I decided to rent out this apartment, and rent a house in a different area within same loc. The state of affairs that changed is that my partner moved in, and the flat is too small for us. I would rather not sell the flat because the current market value is 20% less than when I acquired the flat in 2005. I wrote to National Counties Building Society for a consent to let which was refused as they felt that my intention was to invest in the flat. The whole process was very stressful and frustrating. There is a sense of urgencyas there is a prospective tenant waiting for this consent to let and may withdraw.Many thanks
  • Earlier this year I let out my garden flat and have gained a Consent to Let with my mortgage lender. 6 months have now elapsed and they have upped my payments as forewarned. I am unable to port to a more favourable product with them, as they will remove my consent to let. If I was to go with an alternative provider for example National Counties Building Society, would I need to get a B2L loan or could I simply refinance and seek consent to let?
  • We are intent on acquiring a house, renting two of the bedrooms out to help cover the mortgage with National Counties Building Society, and then moving on in two or three years - at which point the property would be fully rented. Is it likely that National Counties Building Society would look at this unfavourably as I will have been given a normal mortgage rather than a B2L or consent to let? I've read that in extreme situations they can repossess the property, is this right?
  • A work promotions now necessitates that Ibe in different places every month and as a result I wanted to understand the process for seeking consent to let with National Counties Building Society
  • I am trying to find out if National Counties Building Society will grant consent to let in a situation where we need to move closer to relatives in a different house albeit that we may move back the future if circumstances change.
  • I would like to find out more about how to get consent to let on a property. In particular what is the procedure for consent to let if you have a homeowner mortgage with National Counties Building Society
  • I was just wondering if there are any charges in getting consent to let on a freehold property when I have a mortgage with National Counties Building Society