New mortgage and consent to let

Calleja

Hi all, how long after getting a new mortgage will a consent to let be likely to be approved (I appreciate this depends on provider, just seeking a ball park figure)?


To give some background (I'm honestly not trying to diddle the system) - I bought my house 2 years ago and currently on a fixed term for 3 years. Typically, not long after buying, I met a guy and now we are looking at moving in together next year. We both own houses, but neither in a great location for the other, so if we did move in together, we would ideally like to rent in a location suitable for both. I don't have a great rate on my current mortgage and would be looking to get another fixed term next summer if I could. But I'm guessing it would then be another 6 months or so until I could then request a consent to let - which would make it more like a year before we could move in together, which is a long time at my age...


Is this right? I guess my only other option is just to move to the standard rate with my current provider after my fix, but I'm then at the mercy of interest rate hikes, which I'm not particularly comfortable with. I could sell the house but I'm not sure if I would break even so I'm reluctant to do this. I certainly don't have the 25% deposit/equity I would need to convert to a buy to let mortgage.


Am I correct in everything I say? Does it make any difference if I switch to a new fixed rate mortgage but with the same provider? Anyone have any thoughts?


Thanks.

kingstreet

No lender is daft enough to publish its min CTL period as the world and his brother would come traipsing to their door for a mortgage then request CTL immediately afterwards.

It's called avoiding selection against the company.

Each lender has its own policy and it doesn't release it to the outside world.