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

Questions and Answers: New Street Mortgages consent to let

  • If I was to rent out my 2 bed flat with consent to let from New Street Mortgages, what proof would be required of the letting? If after twelve months I decided to let it on a number of short term lets, do I still need to supply proof to New Street Mortgages, or will they leave me alone as long as they receive payment each month? E.G. if I rent the rooms out separately at a later stage, is there any reason for New Street Mortgages to be informed and would they take issue?
  • I have just been on a call with New Street Mortgages and they tell me that it has come to their attention that I have been letting out the garden flat despite having a normal mortgage. I moved out three years ago for childcare reasons, was unable to sell and was left with little option but to let out my property. Do you know what the consequences may be for me not procuring consent to let?
  • If a landlord chooses to let out their property without consent to let from New Street Mortgages - what, if any implication could there be for an agent acting on their behalf?
  • Given we are relocating and failing to find a buyer for our house, we are considering letting it out. Am I required to disclose this to New Street Mortgages? I am concerned that New Street Mortgages might change our terms. I was thinking that as long as I continued paying on time it shouldn't be an issue, but am now worried about insurance consequences if I have let my property out on the sly. Any advice?
  • I took a residential mortgage with New Street Mortgages, and I would like to rent the house out, until I decide whether to sell or keep it as an investment. At the moment I am on the fixed rate. Will I need to move onto a new mortgage? I.E. buy to let?
  • I am potentially moving in with my partner but would rather not to sell my property. What is the process for getting consent to let from New Street Mortgages, and what are the chances that this will be obtained?
  • I may potentially need consent to let from New Street Mortgages in the future with work. I am just exploring what the options would be if this was the case. Is there a limit on how long one can let out a property with consent?
  • What happens if a borrower has already leased out the property for some years as an HMO and now wish to go legit with New Street Mortgages by getting consent to let ? (work on the basis that New Street Mortgages had in the past granted a standard mortgage previously)