Consent to let on house that wont sell

KsLateGet

Hi, 

Been trying to sell my house for 2 years now and there's limited interest and lots of houses on the market. I had to relocate due to work and have purchased a house 4 hours away. I'm at the point now where i could do with not paying the additional mortgage payment without any support (e.g. tenants). I'm considering asking for "consent to let" but i need some advice. Do i tell Halifax (my provider) that I'm trying to sell and have purchased another property so need the CTL for a year or so and then ill put the property back on the market and hope market is better? Obviously this tells the provider i have no intent to return. Or is it better to tell them this relocation is temporary, get CTL and then either put it back on the market in 12 months or apply for BTL. 

KsLateGet

Not sure if my LTV will make a difference to the approval but its around 85% currently 

Thrugelmir

If you've bought another property due to work relocation. Doesn't appear a temporary move. 
Letting the property might not be easy in the short term. 
Is your mortgage on a interest only or repayment basis? 

KsLateGet

Its a repayment basis 

KsLateGet

Would they class it as temporary because im trying to sell?

Thrugelmir

You can only ask. Once your current mortgage product ends they are likely to impose a levy on top of your current interest rate. Even if you don't switch to BTL. 
If you've tenants in situ. Then selling the property is constrained anyway. You may well have a period when the propery is empty and not generating an income. 
To conserve cash you could ask to be switched to interest only. Though this may require the lender to perform checks. 
You have my sympathy. Couldn't have happened at a worst time.