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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.

Monmouthshire Building Society consent to let: Q and A’s

  • I was just looking for guidance on whether I will be allowed to convert a homeowner mortgage with Monmouthshire Building Society to a consent to let. It will be less than 55% loan to value and it would alter from capital and interest repayment to an interest only loan?
  • We are currently in NYC and renting out our flat in Haringey. This is not something we planned but an opportunity arose and we took it. The rent received on the apartment is not enough to cover the mortgage so we send back funds each month to cover the shortfall. Earlier today our lender got in touch informing me that as the property is being let out and has been for almost three years we will have to pay 1.5% interest on top of our current mortgage rate. We could sell up but this will be difficult as I am on the other side of the world. Would it be possible to remortgage with Monmouthshire Building Society and get consent to let?
  • I am currently looking to purchase my first home however, I am self employed. I want to chose a mortgage provider that allows short term letting with a homeowner mortgage so that I could lease out the property for 6-9 months with long periods of absence without being required to switch to a BTL mortgage. Are you able to advise me on how lenders would perceive this and in particular the stance taken by Monmouthshire Building Society.
  • Resulting from a change in family circumstances my wife and I are housesitting my mum and dad’s house while they are away and letting our home out. We are going to need for consent to let from Monmouthshire Building Society. Will this be forthcoming? We will need to remortgage in the next twelve months will we then transfer to a BTL product. We intend to return to our home at within the next twelve months?
  • I have a mortgage with Monmouthshire Building Society at the moment and just wondering where I can I get a consent to application form from
  • I currently have a residential mortgage with Monmouthshire Building Society and plan on letting due to work being based in London. In asking for consent to let from Monmouthshire Building Society do I run the risk of them forcing me to change deal to BTL
  • I am enquiring as to whether there are any costs in obtaining consent to let on a leasehold property when I have a mortgage with Monmouthshire Building Society
  • My husband and I am looking into the option of renting out my house with consent to let from Monmouthshire Building Society whist away travelling for a few months