Consent-to-let Help for National Counties Building Society

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

• Two years ago I was granted consent to let from my current mortgage provider which is about to expire. Since I took this out to travel and start a family. My part time salary is not sufficient just now to cover the mortgage on my own. I have been told I can't extend my consent to let and if I continue renting out I will be in breach of the terms of my mortgage conditions. Due to affordability I it is likely that I will be refused to transfer to a BTL product. One option I am thinking about is remortgaging to National Counties Building Society. Are they likely to issue consent to let from commencement of the mortgage?
• I have a 2 bed leasehold maisonette with a National Counties Building Society mortgage and have a lodger in the 2nd bedroom. I am about to take a job in a different city and will look for a property to rent. My lodger wishes to stay and is willing to pay an increased rent. Do I have to ask for consent to let via National Counties Building Society?
• We recently sorted our rates for another fixed period with National Counties Building Society. Some weeks later, I attended an interview and basically I accepted the job offer in Bromley. I'm going to rent a small flat for the family in Bexley as we don't want to sell the house whist there is a possibility that we come back before two years.... We really have no idea whether it will work out. We called National Counties Building Society but we would like also your point of view please. How is it to obtain consent to let in that case as we just got a fixed 5 years rate we really don't want to swap this.
• We have a flat in Merton which we purchased as a new-build just over seven years ago. As childen are growing up we require a larger place. We've identified a property in Waltham Forest that we're going to buy and want to keep the flat as an investment to rent out. The mortgage is with National Counties Building Society and we've found a tenant who will pay rent in excess of the monthly mortgage amount. Our question is, can we retain the repayment mortgage with National Counties Building Society so we effectively paying off our mortgage on the flat or must we to transfer to a buy-to-let mortgage?
• What information should I include in a letter seeking consent to let my house in Tower Hamlets? I would like to send a request to my lender National Counties Building Society.
• Will National Counties Building Society choose to exercise a right to change the rates on a domestic mortgage where Consent to Let at any time, onto ‘rates equivalent to their Buy to Let range'? Is it possible to remortgage on a consent to let with National Counties Building Society?
• I have a mortgage with National Counties Building Society taken 3 months ago where I moved from another lender. Am I now able to rent my property with consent to let from National Counties Building Society as I am planning to buy another property.
• Will National Counties Building Society issue consent to let my house? I have an existing homeowner mortgage, never had arrears and have been with National Counties Building Society for nearly six years now. What fees am I likely to incur