Need Help?

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.

Common questions relating to Monmouthshire Building Society consent to lease

  • As a result my career, I am confident that Monmouthshire Building Society will issue me with Consent to Let from the outset of owning a property. I currently intend to buy a property locally and let it out, I will remain in the house that is provided (rent payable) by my employer. As I will be letting out the property I will clearly have to complete a Self Assessment Tax Return, but I just want to check that although it is my only property (and it is not on a buy to let mortgage), can I utilize Tax relief for the interest on the mortgage and the expenses of renting out the property. I have only been able to track down advice for those with a buy-to-let mortgage, but mine will technically be residential.
  • After twenty years in the capital, I'm considering relocating to be nearer to family. We've only been homeowners for the last two years and about to renew our mortgage with Monmouthshire Building Society. In Haringey, we are be looking at a 4 bedroom property around the £350k mark. I would preferably like to keep hold of my existing flat. Could I ask for Consent to Let from the proposed new mortgage provider Monmouthshire Building Society. If granted what are the likely requirements?
  • I got a homeowner mortgage with Monmouthshire Building Society last September and then had to relocate due to my job, I am now considering letting my apartment out on a short term basis whilst I am abroad. What are my chances of obtaining consent to let from Monmouthshire Building Society, and what effect would this have?
  • We took out a fixed rate mortgage with Monmouthshire Building Society for 2 years and have been living in the property for nearly six months. Due a job opportunity abroad I need to vacate so I would like to rent the place out. What is the best way to go about getting consent to let from Monmouthshire Building Society?
  • How much of my loan allowance will be made available to draw down on if I switch my mortgage to a consent to let with Monmouthshire Building Society?
  • I would like to know how to go about getting consent to let from Monmouthshire Building Society and anysupplementalcosts to be incurred. Last week I moved in with my wife and have a family member renting from me.
  • We have tenants ready to move in and I have mortgage offer from Monmouthshire Building Society on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
  • What are the implication if a borrower has already rented out the property for a number of years as an HMO and now want to go legit with Monmouthshire Building Society by getting consent to let ? (assume Monmouthshire Building Society had already issued a residential mortgage on it some time ago)