22:11 PM, 11th June 2013, About 10 years ago 9
Can you help me with my “Consent To Let” dilemma please?
I own a small property portfolio, 4 buy to let property, one property I own as tenants in common with my grandfather (no mortgage on this property) and one residential property that I currently reside in (since Sept 12).
Due to changes in my personal circumstances I intend moving in with my girlfriend this summer and hence I have let my property out to 4 students on a 12 months AST with guarantors etc..
Before I let the property out/sent the consent to let form in with my £30 pounds admin fee, I “tested the water” and rang Nationwide Building Society up, informed of the circumstances and they stated that there shouldn’t be a problem. I even went in to a Branch of Nationwide and they said they refuse the applications very rarely.
I haven’t heard from Nationwide despite sending the application in on 25th May with the £30 cheque that has been cashed.
I have phoned them numerous times and they say the application hasn’t been scanned on yet (I am not sure where the actual form is). I am now panicking as the students are due to move in on 1st July.
I am concerned that if they refuse the “permission to let”, what should I do? I can’t rescind on my contract in terms of not renting the students my house as they have all signed up. On the other hand Nationwide could take me to court for breach of a condition i.e. letting it out without permission.
Any advice would be greatly appreciated.