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Need professional advice for your consent to let with Monmouthshire Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Frequently asked questions relating to Monmouthshire Building Society consent to lease

  • Finding myself in a pickle with a Consent to Let home loan. Having sought consent to let the lender has requested evidence of an executed Assured Shorthold Tenancy prior to issuing consent. If I get a signed tenancy agreement would I not be breaching the lender’s terms and conditions?

  • I previously took a mortgage with Monmouthshire Building Society and the loan to value is presently 60% with the Monmouthshire Building Society current book value and I'm looking to purchase another property but do not want to sell my existing property at the current market value. I have consent to let from NRAM on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Monmouthshire Building Society need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 18 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • I have a question concerning consent to let. The property has a mortgage against it with Monmouthshire Building Society (with a large chunk of equity). I want to buy and live in a second house but keep my old house and rent it out. What is the best way to fund a second mortgage without selling my old property and using the equity as a deposit for the new property. Is there anyway I can change my old mortgage to a buy to let mortgages or obtain consent to let and take on a second mortgage without having a deposit to put down.
  • Earlier this week I got a mortgage in principle from Monmouthshire Building Society for a mid terraced house. I have applied via a broker. It is a capital and interest mortgage. I wonder what is the main criteria Monmouthshire Building Society adopt in order to grant customers consent to let? Is consent to let based on the rental multiple on a property?
  • I have a consent to let letter that I have attained from my management company. I would think I need to send this with a letter to Monmouthshire Building Society with a view to gaining consent to let from them. What address shall I forward it to?
  • I have a mortgage with Monmouthshire Building Society at present and just enquiring if there any costs for obtaining consent to let
  • Me and my husband want to let our house out and use the rental income to pay rent on a house in Enfield. How likely are we to be given consent to let by Monmouthshire Building Society without being forced onto a BTL product.
  • Me and my wife and I would like to obtain consent to let on a house where we have a mortgage with Monmouthshire Building Society. If granted, how long would consent be given for? In seeking consent to let from Monmouthshire Building Society are we running the risk of them forcing us to change deal to BTL