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

Recently asked questions relating to New Life Mortgages consent to lease

  • For the last few months I have been letting out my flat in Croydon. I didn't get consent to let. I moved to Ashford for work and couldn't do a commute but was nervous that New Life Mortgages would charge me a small fortune so I decided to take the risk. I'm hoping to legitimise it now... basically carry on letting it but with consent. Can you offer any advice as to how I go about doing this?
  • Soon to be packing up as my partner and I will move back to Perthin Month, initially temporarily but conceivably longer term. I have contacted New Life Mortgages to obtain consent to let out the property (we have already found tenants). I have had a mortgage with New Life Mortgages for 9 years and I have never had any arrears. New Life Mortgages inform me, that even if they grant consent to let, that this will be limited consent for a single year. What happens after one year?

  • I have my studio flat in Camden on the market but despite a few viewers there is a lack of interest so far. As a fall back position I am considering leasing out the property if it doesn't sell. I dont foresee a problem getting consent to let from the freeholder. My mortgage broker says that in such a situation I may be required to switch to a BTL mortgage yet I probably don't have sufficient equity. What's the worst that could happen if I were to retain the current New Life Mortgages home loan and let the property out without informing them. I was told that they can put a marker on you for mortgage fraud once find out. Is that right?
  • I have a mortgage with New Life Mortgages on a property and I intend to let it out and rent another property as a result of changes in personal circumstances - I want to move to a new location, and to live in a larger property with my partner. I sought consent to let and yesterday got reply with a refusal as they considered that I want to invest. I dont know what my options are. I am now at risk since I am already committed to the new home and am faced with paying both the New Life Mortgages mortgage and rent payments, which could expose me financially. The matter is urgent as a prospective tenant waiting in the wings
  • Can I remortgage with New Life Mortgages with consent to let if my fixed rate is reaching it’s end. Circumstances would not have changed.
  • Do you have the address to which a Consent to Let request to be sent for New Life Mortgages? Sorry about bothering you with this query.
  • Not sure if you can help What do I need to do to get consent to let from New Life Mortgages? And what are the costs involved?
  • We are interested to find out more regarding consent to let from New Life Mortgages. Would an acceptable reason be issues with neighbours and the property is too big for me to run at this moment in time?