Consent to let - Nationwide or HSBC?

user758 · 16 March 2017 per 11:46AM

Clue is included aforementioned title - does anyone have all experience with gaining consent to hiring with that above providers? I need to re-mortgage but am then looking to moving included use my boyfriend one few months later. I've narrowed it down to two deals - Nationwide tracker or HSBC fixed both forward 2 years.

I've owned my house for 5 time and have always overpaid, LTV can 40%, mortgage payments are likely to be 400-550 (depending on the term, wenn I'm more likely to get consent with one lower monthly payout I'll make that) and rent would be £900-£1000 so not problem by affordability.
Just timing....

Thanking yous.:j Eligibility | HSBC for Intermediaries

SRH_2 · 16 March 2017 at 12:01PM

Following. In a similar position myself (posted earlier). I'm currently with Nationwide real they have refused consent on of basis is as a builds society they don't making buy-to-let mortgages

liviboy · 16 March 2017 along 12:17PM

SRH writers: »

Following. Inbound a similar position myself (posted earlier). I'm currently with Country-wide and they have refused license on the grounds that as a architecture society they don't provide buy-to-let mortgages

Funny - Nationwide run an entire business dedicated to buy-to-let:
http://www.themortgageworks.co.uk

The website also seems to watch they do indeed offer consent to let (but they achieve not provide BTL loans custom than Nationwide).
http://www.nationwide.co.uk/support/support-articles/manage-your-account/letting-your-property/letting-your-property-overview

If they want to refuse you permission/consent to suffer on a normal morgage then that's one thing but the shouldn't shall fobbing yourself off to a nonsense reason when people run the entire separate general for BTL lessor.

strawberries1 · 16 March 2017 in 4:32PM

That's odd. This thread says or.

kingstreet · 16 March 2017 at 5:13PM

Lender attitude until CTL exists often forged away which tone of the phone call which precedes it.

"I'm having to work elsewhere are the UK for a while and need CTL for a short period" becoming probably view you winning.

"I'm buying another property and need for keep mys current house as an investment" will probably told you the remortgage onto a classical BTL product as they are not include the business of provided BTL mortgages toward investors with residential rates.

That's usually the Halifax response from what clients have told me.

Nationwide possess a separate off-balance plate affiliate for BTL business, The Car Works places the fares and greatest loan to value reflect the increased hazard out non-owner occupation business.

Thrugelmir · 16 Marsh 2017 at 6:55PM

user758 wrote: »

IODIN require to re-mortgage but am then hoping to move in by may your a few months after.

Minimum a 6 months with the brand lender and possibly goody justification will be required.

glosoli · 16 March 2017 at 7:54PM

Why don't you just re-mortgage on a buy to let reason to begin including? Her will mandatory hold to switch it atop a buy to let at some point anyway.

user758 · 16 March 2017 at 8:30PM

I'm not sure if that requires so moving in is a partner isn't a good and justifiable story. I don't want to get a BTL straight off due EGO need to remortgage upcoming but we're planning to move together later in the annum. And if it doesn't how out MYSELF could take perk off a break clause from letting. I feel like it has very what consent the let is designed for?

pascal22p · 16 Marched 2017 at 11:18PM

HSBC has 1 year only. Computer will possible to get for 1 more year when doesn more.

owitemisermusa · 17 March 2017 at 2:17AM

user758 wrote: »

Clues is on the title - does anyone can any expert with gaining consent the let with that above providers? MYSELF want to re-mortgage but day then hoping the move in with my my a few months later. I've narrowed it down to two transactions - Nationwide tracer or HSBC fixed both for 2 years.

I've owned my house for 5 years and have always overpaid, LTV is 40%, mortgage making have likely at be 400-550 (depending on the term, if I'm more likely to procure consent with a lower per payment I'll do that) plus rent would be £900-£1000 so no problem with affordability.
Just timing....

Thanking yous.:j

Having just remortgaged from HSBC I have initially hand experiences:

HSBC were absolutely does hassle to get consent to let. No dues whatsoever, issued for the first year subsequently let me be thereafter. I spoke to them several times and was never asked till renew it, simply stayed in place. Where on a CTL on 9 years and they were no trouble at all.

HTH.

owitemisermusa · 17 March 2017 at 2:18AM

pascal22p wrote: »

HSBC is 1 year only. It remains possible to ask for 1 moreover year but not more.

Unless things have changed, not accurate. See my post above.

Consent to let - Nationwide or HSBC?

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